Yes Bank Nasik Nasik Maharashtra MICR CODE

Find MICR Codes for Yes Bank Nasik Nasik Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Akola Urban Coop Bank Nasik
Contact Mr Ingle 9823080401
Bank Details Yes Bank Ltd Akola Urban Coop Bank Nasik YESB0AUB029
Location Nasik, Nasik
City Nasik
District Nasik
State Maharashtra
Pincode 422002
Country IN
Address Near mehar plaza building samant house, above indian bank, old agra road, nasik 422002
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 422330002 for Akola Urban Coop Bank Nasik 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 422330002 of Yes Bank, Akola Urban Coop Bank Nasik branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Akola Urban Coop Bank Nasik branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Yes Bank Ltd are available with micr code -

>>Akola Urban Coop Bank Nasik >>Andarsul Urban Coop Bank Ltd >>The Business Coop Bank Ltd

MICR code for Yes Bank Akola Urban Coop Bank Nasik

Yes Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Yes Bank MICR code for Akola Urban Coop Bank Nasik 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. 422330002 is the MICR code of Yes Bank for Akola Urban Coop Bank Nasik branch. MICR code for Akola Urban Coop Bank Nasik 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 Yes Bank Akola Urban Coop Bank Nasik is presented in the table alongside.

Use of Yes Bank MICR code for Akola Urban Coop Bank Nasik branch in nasik

The MICR code 422330002 is used in RBI cheque clearing process to identify the branch Akola Urban Coop Bank Nasik and Yes 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 Yes Bank is typically in either of these two font’s: E-138 and CMC-7.

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