Yes Bank Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for Yes Bank Rajkot Rajkot Gujarat

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhaktinagar Rajkot
Contact 2227101
Bank Details Yes Bank Ltd Bhaktinagar Rajkot YESB0000714
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode 360002
Country IN
Address Shop no 1 and 2, bhakti nagar road, in front of sbi, bhaktinagar, rajkot, gujarat, 360002
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 Bhaktinagar Rajkot 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, Bhaktinagar Rajkot branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Bhaktinagar Rajkot branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Bhaktinagar Rajkot

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 Bhaktinagar Rajkot 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 Bhaktinagar Rajkot branch. MICR code for Bhaktinagar Rajkot 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 Bhaktinagar Rajkot is presented in the table alongside.

Use of Yes Bank MICR code for Bhaktinagar Rajkot branch in rajkot

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bhaktinagar Rajkot 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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