Yes Bank Guntur Guntur Andhra Pradesh MICR CODE

Find MICR Codes for Yes Bank Guntur Guntur Andhra Pradesh

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Coastal Local Area Bank Guntur
Contact Branch Manager - 08632237785
Bank Details Yes Bank Ltd Coastal Local Area Bank Guntur YESB0CLAB02
Location Guntur, Guntur
City Guntur
District Guntur
State Andhra Pradesh
Pincode 522007
Country IN
Address D no 3-28, 1/a, saibaba towers, ground floor, opp oxford school, brundavan gardens, guntur - 522007
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 520652102 for Coastal Local Area Bank Guntur 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 520652102 of Yes Bank, Coastal Local Area Bank Guntur branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Coastal Local Area Bank Guntur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Coastal Local Area Bank Guntur

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 Coastal Local Area Bank Guntur 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. 520652102 is the MICR code of Yes Bank for Coastal Local Area Bank Guntur branch. MICR code for Coastal Local Area Bank Guntur 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 Coastal Local Area Bank Guntur is presented in the table alongside.

Use of Yes Bank MICR code for Coastal Local Area Bank Guntur branch in guntur

The MICR code 520652102 is used in RBI cheque clearing process to identify the branch Coastal Local Area Bank Guntur 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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