Equitas Small Finance Bank Rahata Branch
Rahata Branch · Ahmadnagar, Maharashtra
423756501 is the MICR code for the Rahata Branch branch of Equitas Small Finance Bank, located in Ahmadnagar, Maharashtra. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code ESFB0009057.
Bank
Equitas Small Finance Bank
Branch & Address
Rahata Branch
1st Floor, S no 327, Ward no 13, Pimpalas Road, Saraswati Nagar, at Post Rahata Tal Rahata, Dist Ahmednagar-423107
Ahmadnagar, Ahmadnagar, Maharashtra
MICR Code Structure
423
City
756
Bank
501
Branch
City code 423 identifies the RBI clearing centre, bank code 756 identifies Equitas Small Finance Bank, and branch code 501 identifies this specific branch.
Online Payment Methods Supported
Other Equitas Small Finance Bank branches near Ahmadnagar
Other banks in Ahmadnagar, Maharashtra
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (ESFB0009057) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 423756501 is in the middle, and your account number is on the right.