Equitas Bank Gadag Gadag Karnataka MICR CODE

Find MICR Codes for Equitas Bank Gadag Gadag Karnataka

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MICR Code
Bank Equitas Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch K S R T C Bus Stand Road Gadag
Contact
Bank Details Equitas Small Finance Bank Limited K S R T C Bus Stand Road Gadag ESFB0003055
Location Gadag, Gadag
City Gadag
District Gadag
State Karnataka
Pincode 582101
Country IN
Address 2nd floor,k s r t c bustand road opp mgm hospital,gadag - ( karnataka )- 582101
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for K S R T C Bus Stand Road Gadag branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of Equitas Bank Small Finance Bank, K S R T C Bus Stand Road Gadag branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for K S R T C Bus Stand Road Gadag branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Equitas Small Finance Bank Limited are available with micr code -

>>Gadag >>Gadag Ii >>K S R T C Bus Stand Road Gadag

MICR code for Equitas Bank K S R T C Bus Stand Road Gadag

Equitas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Equitas Bank Small Finance Bank MICR code for K S R T C Bus Stand Road Gadag is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of Equitas Bank for K S R T C Bus Stand Road Gadag branch. MICR code for K S R T C Bus Stand Road Gadag branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Equitas Bank Small Finance Bank K S R T C Bus Stand Road Gadag is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for K S R T C Bus Stand Road Gadag branch in gadag

The MICR code 0 is used in RBI cheque clearing process to identify the branch K S R T C Bus Stand Road Gadag and Equitas Bank Small Finance Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Equitas Bank is typically in either of these two font’s: E-138 and CMC-7.

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