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 Velachery
Contact 30898015
Bank Details Equitas Small Finance Bank Limited Velachery ESFB0001004
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600042
Country IN
Address No-9/71, 8th avenue, 7th main road, dhandeeswar nagar extension, velacherry, chennai-600 042, tamil nadu
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 600756005 for Velachery 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 600756005 of Equitas Bank Small Finance Bank, Velachery branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Velachery branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Equitas Bank Velachery

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 Velachery 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. 600756005 is the MICR code of Equitas Bank for Velachery branch. MICR code for Velachery 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 Velachery is presented in the table alongside.

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

The MICR code 600756005 is used in RBI cheque clearing process to identify the branch Velachery 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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