Equitas Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Equitas Bank Madurai Madurai Tamil Nadu

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MICR Code	-NA-
Bank	Equitas Small Finance Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Melur
Contact
Bank Details	Equitas Small Finance Bank Limited Melur ESFB0001254

Location	Madurai, Madurai
City	Madurai
District	Madurai
State	Tamil Nadu
Pincode	625106
Country	IN
Address	52-a attrukkal road,near state bank melur madurai 625106

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 Melur 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, Melur branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Melur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 23 branches of Equitas Small Finance Bank Limited are available with micr code -

>>Chinnachokkikulam Madurai >>K K Nagar Madurai >>Kamarajar Salai Madurai >>Keezhayur Madurai >>Kovilpappakudi >>Melur >>Nehruji Road >>P And T Nagar Madurai >>Railway Feeder Road Thirumangalam >>Ramanathapuram Madurai >>Ramarajapuram >>S S Colony Madurai >>Sattur Main Roadvirudhunagar >>Seekalai Roadkaraikudi >>Sellur >>Sholavandan >>Simmakkal Madurai >>Thadicombu Roaddindigul >>Thanakkankulam >>Thirumangalam Madurai >>Thottappanayakkanur >>Usilampatti >>Velayutham Roadsivakasi

MICR code for Equitas Bank Melur

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 Melur 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 Melur branch. MICR code for Melur 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 Melur is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Melur branch in madurai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Melur 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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