Equitas Small Finance Bank Sagar
Sagar · Sagar, Madhya Pradesh
470756001 is the MICR code for the Sagar branch of Equitas Small Finance Bank, located in Sagar, Madhya Pradesh. 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 ESFB0014016.
Bank
Equitas Small Finance Bank
Branch & Address
Sagar
Bhopal Sagar Road, Subhash Nagar, Bhagwanganj, Near Union Bank of India, Sagar, Madhya Pradesh -470001
Sagar, Sagar, Madhya Pradesh
Contact
+914430898015MICR Code Structure
470
City
756
Bank
001
Branch
City code 470 identifies the RBI clearing centre, bank code 756 identifies Equitas Small Finance Bank, and branch code 001 identifies this specific branch.
Online Payment Methods Supported
Other Equitas Small Finance Bank branches near Sagar
Other banks in Sagar, Madhya Pradesh
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 (ESFB0014016) 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 470756001 is in the middle, and your account number is on the right.