Equitas Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Equitas Bank Bhopal Bhopal Madhya Pradesh

↻ Reload
MICR Code
Bank Equitas Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kandhekar Colony Bina
Contact 0
Bank Details Equitas Small Finance Bank Limited Kandhekar Colony Bina ESFB0014056
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 470113
Country IN
Address Kanungo ward khandeekar colony in front of dhanvantari hospital bina(m.p) pin-470113
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 Kandhekar Colony Bina 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, Kandhekar Colony Bina branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Kandhekar Colony Bina 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 -

>>Anand Nagar Branch >>Kandhekar Colony Bina >>Subash Ganj Mp Ashoknagar

MICR code for Equitas Bank Kandhekar Colony Bina

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 Kandhekar Colony Bina 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 Kandhekar Colony Bina branch. MICR code for Kandhekar Colony Bina 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 Kandhekar Colony Bina is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Kandhekar Colony Bina branch in bhopal

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kandhekar Colony Bina 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.

Copied!