Yes Bank Diu Diu Daman And Diu MICR CODE

Find MICR Codes for Yes Bank Diu Diu Daman And Diu

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Diu Union Territory
Contact
Bank Details Yes Bank Ltd Diu Union Territory YESB0001143
Location Diu, Diu
City Diu
District Diu
State Daman And Diu
Pincode 362520
Country IN
Address Gr. Floor, shop no. 1, 2, 3 & 4, zampa bahar , opp. Sports complex, diu - 362520
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 Diu Union Territory 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, Diu Union Territory branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Diu Union Territory branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Yes Bank Ltd are available with micr code -

>>Diu Union Territory >>The Goa State Coop Bank Diu >>The Goa State Coop Bank Fudam >>The Goa State Coop Bank Ghogia

MICR code for Yes Bank Diu Union Territory

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 Diu Union Territory 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 Diu Union Territory branch. MICR code for Diu Union Territory 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 Diu Union Territory is presented in the table alongside.

Use of Yes Bank MICR code for Diu Union Territory branch in diu

The MICR code 0 is used in RBI cheque clearing process to identify the branch Diu Union Territory 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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