Yes Bank Alwar Alwar Rajasthan MICR CODE

Find MICR Codes for Yes Bank Alwar Alwar Rajasthan

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Alwar
Contact Yes Touch Phone Banking: +91 9958390909contactus@yesbank.In
Bank Details Yes Bank Ltd Alwar YESB0000114
Location Alwar, Alwar
City Alwar
District Alwar
State Rajasthan
Pincode 301001
Country IN
Address Ground floor (left side) of plot no 29, scheme no 2, lajpat nagar, alwar 301001, rajasthan
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 301532002 for Alwar 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 301532002 of Yes Bank, Alwar branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Alwar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Alwar

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 Alwar 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. 301532002 is the MICR code of Yes Bank for Alwar branch. MICR code for Alwar 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 Alwar is presented in the table alongside.

Use of Yes Bank MICR code for Alwar branch in alwar

The MICR code 301532002 is used in RBI cheque clearing process to identify the branch Alwar 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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