Yes Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Yes Bank Mumbai Mumbai Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ghatkopar West Mumbai
Contact 22-18001200
Bank Details Yes Bank Ltd Ghatkopar West Mumbai YESB0001450
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400086
Country IN
Address Ground floor, shop no 8 & 9, 86 central building, andheri ghatkopar link road, off lbs road, ghatkopar west, mumbai 400 086
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 Ghatkopar West Mumbai 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, Ghatkopar West Mumbai branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Ghatkopar West Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Ghatkopar West Mumbai

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 Ghatkopar West Mumbai 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 Ghatkopar West Mumbai branch. MICR code for Ghatkopar West Mumbai 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 Ghatkopar West Mumbai is presented in the table alongside.

Use of Yes Bank MICR code for Ghatkopar West Mumbai branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ghatkopar West Mumbai 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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