Equitas Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Equitas Bank Chennai Chennai 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 Thirumangalam
Contact
Bank Details Equitas Small Finance Bank Limited Thirumangalam ESFB0001207
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600040
Country IN
Address No.80 v v kovil street thiruvaliishwar nagar thirumangalam anna nagar extan chennai-600040
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 Thirumangalam 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, Thirumangalam branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Thirumangalam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Equitas Bank Thirumangalam

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 Thirumangalam 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 Thirumangalam branch. MICR code for Thirumangalam 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 Thirumangalam is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Thirumangalam branch in chennai

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