Yes Bank Bhavnagar Bhavnagar Gujarat MICR CODE

Find MICR Codes for Yes Bank Bhavnagar Bhavnagar Gujarat

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhavanagar
Contact Contactus@yesbank.In
Bank Details Yes Bank Ltd Bhavanagar YESB0000064
Location Bhavnagar, Bhavnagar
City Bhavnagar
District Bhavnagar
State Gujarat
Pincode 364001
Country IN
Address Unit no.g-1, part g-2 g-3silver arc buildingplot no 9, waghawadi road,bhavanagargujarat364001
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 364532001 for Bhavanagar 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 364532001 of Yes Bank, Bhavanagar branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Bhavanagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Bhavanagar

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 Bhavanagar 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. 364532001 is the MICR code of Yes Bank for Bhavanagar branch. MICR code for Bhavanagar 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 Bhavanagar is presented in the table alongside.

Use of Yes Bank MICR code for Bhavanagar branch in bhavnagar

The MICR code 364532001 is used in RBI cheque clearing process to identify the branch Bhavanagar 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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