Yes Bank Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for Yes Bank Nashik Nashik Maharashtra

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MICR Code	560532002
Bank	Yes Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bangalore
Contact	Contactus@yesbank.In
Bank Details	Yes Bank Ltd Bangalore YESB0000022

Location	Nashik, Nashik
City	Nashik
District	Nashik
State	Maharashtra
Pincode	560001
Country	IN
Address	Ground floor, prestige obelisk municipal no 3 kasturba road bangalore

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 560532002 for Bangalore 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 560532002 of Yes Bank, Bangalore branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Bangalore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Yes Bank Ltd are available with micr code -

>>Ambad Road Nashik >>Bangalore >>Lasalgaon >>Nashik Canada Corner >>Nashik Shivaji Nagar >>Panchvati Nashik >>Pimplegaon Wakhari Maharashtra

MICR code for Yes Bank Bangalore

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 Bangalore 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. 560532002 is the MICR code of Yes Bank for Bangalore branch. MICR code for Bangalore 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 Bangalore is presented in the table alongside.

Use of Yes Bank MICR code for Bangalore branch in nashik

The MICR code 560532002 is used in RBI cheque clearing process to identify the branch Bangalore 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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