Equitas Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Equitas Bank Madurai Madurai Tamil Nadu

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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 Seekalai Roadkaraikudi
Contact 0
Bank Details Equitas Small Finance Bank Limited Seekalai Roadkaraikudi ESFB0001333
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 630003
Country IN
Address No 31/2 vpr towers 2nd floor ,sekkalai road , jawahar street ,near janapriya super market karaikudi-630003
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 Seekalai Roadkaraikudi 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, Seekalai Roadkaraikudi branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Seekalai Roadkaraikudi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Equitas Bank Seekalai Roadkaraikudi

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 Seekalai Roadkaraikudi 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 Seekalai Roadkaraikudi branch. MICR code for Seekalai Roadkaraikudi 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 Seekalai Roadkaraikudi is presented in the table alongside.

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

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