Yes Bank Patiala Patiala Punjab MICR CODE

Find MICR Codes for Yes Bank Patiala Patiala Punjab

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dlf Colony Patiala
Contact 18002000
Bank Details Yes Bank Ltd Dlf Colony Patiala YESB0000991
Location Patiala, Patiala
City Patiala
District Patiala
State Punjab
Pincode 147001
Country IN
Address Gf,plot no - 23,dlf colony,tripari saidan,patiala -147001
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 Dlf Colony Patiala 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, Dlf Colony Patiala branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Dlf Colony Patiala 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 -

>>Dlf Colony Patiala >>Patiala

MICR code for Yes Bank Dlf Colony Patiala

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 Dlf Colony Patiala 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 Dlf Colony Patiala branch. MICR code for Dlf Colony Patiala 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 Dlf Colony Patiala is presented in the table alongside.

Use of Yes Bank MICR code for Dlf Colony Patiala branch in patiala

The MICR code 0 is used in RBI cheque clearing process to identify the branch Dlf Colony Patiala 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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