Yes Bank Amravati Amravati Maharashtra MICR CODE

Find MICR Codes for Yes Bank Amravati Amravati Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Amravati Merchants Coop Bank Itwari Branch
Contact 2677036
Bank Details Yes Bank Ltd Amravati Merchants Coop Bank Itwari Branch YESB0AMBL02
Location Amravati, Amravati
City Amravati
District Amravati
State Maharashtra
Pincode 444602
Country IN
Address Daga bldg, sarafa bazar, sakkarsath, amravati - 444602
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 0 for Amravati Merchants Coop Bank Itwari Branch 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 0 of Yes Bank, Amravati Merchants Coop Bank Itwari Branch branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Amravati Merchants Coop Bank Itwari Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Amravati Merchants Coop Bank Itwari Branch

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 Amravati Merchants Coop Bank Itwari Branch 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. 0 is the MICR code of Yes Bank for Amravati Merchants Coop Bank Itwari Branch branch. MICR code for Amravati Merchants Coop Bank Itwari Branch 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 Amravati Merchants Coop Bank Itwari Branch is presented in the table alongside.

Use of Yes Bank MICR code for Amravati Merchants Coop Bank Itwari Branch branch in amravati

The MICR code 0 is used in RBI cheque clearing process to identify the branch Amravati Merchants Coop Bank Itwari Branch 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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