The identification and biochemical characterization of microbial species by electrochemical methods have helped to develop microbial sensors that are rapid and effective. In this article, we present results of biochemical characterization of five fungi, the assimilation and biochemical characterization of various substrates and tolerance to selected inhibitors. The results are based on the respiratory rate and assimilatory profile of these fungi and are more rapid and reliable. The experimental results are discussed here with reference to individual fungus. Further, the advantages of the electrochemical assimilation for the biochemical characterization of the microbes have been discussed.