Equitas Bank Ahmadnagar Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Equitas Bank Ahmadnagar Ahmadnagar Maharashtra

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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	Rahata Branch
Contact
Bank Details	Equitas Small Finance Bank Limited Rahata Branch ESFB0009057

Location	Ahmadnagar, Ahmadnagar
City	Ahmadnagar
District	Ahmadnagar
State	Maharashtra
Pincode	423107
Country	IN
Address	1st floor,s no 327,ward no 13,pimpalas road,saraswati nagar,at post rahata tal rahata,dist ahmednagar-423107

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 Rahata Branch 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, Rahata Branch branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Rahata Branch 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 -

>>Ahmednagar Branch >>Ganesh Nagar Sangamner Branch >>Rahata Branch

MICR code for Equitas Bank Rahata Branch

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 Rahata Branch 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 Rahata Branch branch. MICR code for Rahata Branch 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 Rahata Branch is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Rahata Branch branch in ahmadnagar

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