Equitas Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Equitas Bank Kolhapur Kolhapur Maharashtra

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MICR Code	416756002
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	Shahupuri
Contact	30898017
Bank Details	Equitas Small Finance Bank Limited Shahupuri ESFB0009005

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416001
Country	IN
Address	C.t.s.no.889,pkp empire,shop no.g-1,e ward shahupuri,kolhapur,dist kolhapur,pincode 416 001

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 416756002 for Shahupuri 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 416756002 of Equitas Bank Small Finance Bank, Shahupuri branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Shahupuri branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Equitas Small Finance Bank Limited are available with micr code -

>>Ichalkaranji >>Kasaba Beed >>Rajarampuri Branch >>Shahupuri >>Tarabai Park Branch >>Thorat Chowk Ichalkaranji Branch

MICR code for Equitas Bank Shahupuri

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 Shahupuri 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. 416756002 is the MICR code of Equitas Bank for Shahupuri branch. MICR code for Shahupuri 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 Shahupuri is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Shahupuri branch in kolhapur

The MICR code 416756002 is used in RBI cheque clearing process to identify the branch Shahupuri 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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