Yes Bank Chandrapur Chandrapur Maharashtra MICR CODE

Find MICR Codes for Yes Bank Chandrapur Chandrapur Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gandhibagh Sahakari Bank Chandrapur
Contact 254147
Bank Details Yes Bank Ltd Gandhibagh Sahakari Bank Chandrapur YESB0GSB008
Location Chandrapur, Chandrapur
City Chandrapur
District Chandrapur
State Maharashtra
Pincode 440035
Country IN
Address Near abhay talkies bhanapeth chandrapur 442401
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 442360102 for Gandhibagh Sahakari Bank Chandrapur 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 442360102 of Yes Bank, Gandhibagh Sahakari Bank Chandrapur branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Gandhibagh Sahakari Bank Chandrapur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Gandhibagh Sahakari Bank Chandrapur

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 Gandhibagh Sahakari Bank Chandrapur 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. 442360102 is the MICR code of Yes Bank for Gandhibagh Sahakari Bank Chandrapur branch. MICR code for Gandhibagh Sahakari Bank Chandrapur 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 Gandhibagh Sahakari Bank Chandrapur is presented in the table alongside.

Use of Yes Bank MICR code for Gandhibagh Sahakari Bank Chandrapur branch in chandrapur

The MICR code 442360102 is used in RBI cheque clearing process to identify the branch Gandhibagh Sahakari Bank Chandrapur 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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