Equitas Bank Coimbatore Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for Equitas Bank Coimbatore Coimbatore Tamil Nadu

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MICR Code	641756102
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	Palladam Rural
Contact	30898017
Bank Details	Equitas Small Finance Bank Limited Palladam Rural ESFB0001008

Location	Coimbatore, Coimbatore
City	Coimbatore
District	Coimbatore
State	Tamil Nadu
Pincode	641605
Country	IN
Address	No - 8/442,arulpuram po,karaipudhur village,palladam tk,trippur - 641605,tamil nadu

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 641756102 for Palladam Rural 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 641756102 of Equitas Bank Small Finance Bank, Palladam Rural branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Palladam Rural branch, makes the characters readable even if there are other marks and stamps on it.

A total of 20 branches of Equitas Small Finance Bank Limited are available with micr code -

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MICR code for Equitas Bank Palladam Rural

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 Palladam Rural 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. 641756102 is the MICR code of Equitas Bank for Palladam Rural branch. MICR code for Palladam Rural 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 Palladam Rural is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Palladam Rural branch in coimbatore

The MICR code 641756102 is used in RBI cheque clearing process to identify the branch Palladam Rural 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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