Yes Bank Chhindwara Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for Yes Bank Chhindwara Chhindwara Madhya Pradesh

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Badgaon Madhya Pradesh
Contact 18002000
Bank Details Yes Bank Ltd Badgaon Madhya Pradesh YESB0000789
Location Chhindwara, Chhindwara
City Chhindwara
District Chhindwara
State Madhya Pradesh
Pincode 480110
Country IN
Address Gr flr,madan mahal complex,kh.no 316/1,p.h.no 35,mouza,tahsil chand,chhindwara,mp,480110
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 480532501 for Badgaon Madhya Pradesh 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 480532501 of Yes Bank, Badgaon Madhya Pradesh branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Badgaon Madhya Pradesh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Badgaon Madhya Pradesh

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 Badgaon Madhya Pradesh 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. 480532501 is the MICR code of Yes Bank for Badgaon Madhya Pradesh branch. MICR code for Badgaon Madhya Pradesh 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 Badgaon Madhya Pradesh is presented in the table alongside.

Use of Yes Bank MICR code for Badgaon Madhya Pradesh branch in chhindwara

The MICR code 480532501 is used in RBI cheque clearing process to identify the branch Badgaon Madhya Pradesh 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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