Yes Bank Sagar Sagar Madhya Pradesh MICR CODE

Find MICR Codes for Yes Bank Sagar Sagar Madhya Pradesh

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MICR Code	470532003
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	Bhainsa
Contact	18002000
Bank Details	Yes Bank Ltd Bhainsa YESB0001146

Location	Sagar, Sagar
City	Sagar
District	Sagar
State	Madhya Pradesh
Pincode	470120
Country	IN
Address	Ground floor, plot no. 123, patwari halka no. 45, khasra no. 130/24, village bhainsa, dist. Sagar, m p - 470120.

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 470532003 for Bhainsa 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 470532003 of Yes Bank, Bhainsa branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Bhainsa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Yes Bank Ltd are available with micr code -

>>Bhainsa >>Sagar Madhya Pradesh

MICR code for Yes Bank Bhainsa

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 Bhainsa 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. 470532003 is the MICR code of Yes Bank for Bhainsa branch. MICR code for Bhainsa 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 Bhainsa is presented in the table alongside.

Use of Yes Bank MICR code for Bhainsa branch in sagar

The MICR code 470532003 is used in RBI cheque clearing process to identify the branch Bhainsa 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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