IFSC Code of EQUITAS SMALL FINANCE BANK LIMITED, BENGALI SQUARE INDORE branch, INDORE, MADHYA PRADESH
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Equitas Small Finance Bank Limited, Bengali Square, Indore Branch, Indore, Madhya Pradesh, India branch details available with IFSC Code, City, Bank Address, Bank Location, MICR Code, Branch Code, Contact Number, Official website of the bank, etc
You can go to Equitas Small Finance Bank Limited, Bengali Square, Indore Branch branch, Indore, Madhya Pradesh, India location by clicking the "Get direction" link available under Address Details section, please check below.
MICR Code of the Equitas Small Finance Bank Limited, Bengali Square, Indore Branch Branch
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BENGALI SQUARE, INDORE BRANCH
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DOOR NO 28 -1ST FLOOR SCHEME NO 94 SECTOR -E FLOT NO 28 NEAR BSNL TELEPHONE EXNT BANGALI SQUARE INDORE,MP -452016
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INDIA
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INDORE
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NA
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(Last 6 Characters of the IFSC Code) -
NA
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What is a MICR Code?
Magnetic Ink Character Recognition (MICR) is a 9-digit code used in banking for secure and automated cheque processing under the Electronic Clearing System (ECS).
🔹 Structure of a MICR Code:
- First 3 digits – Represent the city code (aligned with PIN codes).
- Middle 3 digits – Represent the bank code.
- Last 3 digits – Represent the specific branch code.
🔹 Where Can You Find a MICR Code?
- Printed at the bottom of cheque leaves.
- Available on the first page of your passbook.
🔹 Why is MICR Important?
- Speeds up cheque clearance using MICR-enabled scanners.
- Reduces errors in processing and ensures quick verification.
- Used for ECS transactions, salary processing, and automatic bill payments.
✅ 2025 Update: Many banks are shifting to digital cheque clearing (DCC), reducing reliance on MICR for faster settlement cycles.
