Yes Bank Gandhi Kolhapur Maharashtra MICR CODE

Find MICR Codes for Yes Bank Gandhi Kolhapur Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gandhi Nagar
Contact 91-9049511117
Bank Details Yes Bank Ltd Gandhi Nagar YESB0UNTY66
Location Gandhi, Kolhapur
City Gandhi
District Kolhapur
State Maharashtra
Pincode 416119
Country IN
Address 413,3/1a,gandhi nagar,near ganesh talkies,tal karveer,dist.kolhapur - 416119
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 Gandhi Nagar 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, Gandhi Nagar branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Gandhi Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Yes Bank Ltd are available with micr code -

>>Gandhi Nagar

MICR code for Yes Bank Gandhi Nagar

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 Gandhi Nagar 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 Gandhi Nagar branch. MICR code for Gandhi Nagar 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 Gandhi Nagar is presented in the table alongside.

Use of Yes Bank MICR code for Gandhi Nagar branch in gandhi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Gandhi Nagar 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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