Equitas Bank Karnal Karnal Haryana MICR CODE

Find MICR Codes for Equitas Bank Karnal Karnal Haryana

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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 Sector Karnal
Contact
Bank Details Equitas Small Finance Bank Limited Sector Karnal ESFB0011012
Location Karnal, Karnal
City Karnal
District Karnal
State Haryana
Pincode 132001
Country IN
Address Sco 54,2nd floor above state bank of patiala sector 6,main market karnal.haryana - 132001
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 Sector Karnal 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, Sector Karnal branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Sector Karnal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Equitas Small Finance Bank Limited are available with micr code -

>>Karnal >>Sector Karnal

MICR code for Equitas Bank Sector Karnal

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 Sector Karnal 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 Sector Karnal branch. MICR code for Sector Karnal 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 Sector Karnal is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Sector Karnal branch in karnal

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