Yes Bank Ahmednagar Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Yes Bank Ahmednagar Ahmadnagar Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ghodegaon Ahmednagar
Contact 18002000
Bank Details Yes Bank Ltd Ghodegaon Ahmednagar YESB0000776
Location Ahmednagar, Ahmadnagar
City Ahmednagar
District Ahmadnagar
State Maharashtra
Pincode 414001
Country IN
Address Gr flr,final plot no.04/w,gat no.22/2/7,ghodegaon,taluka newasa,ahmadnagar,mh,414607
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 414532501 for Ghodegaon Ahmednagar 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 414532501 of Yes Bank, Ghodegaon Ahmednagar branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Ghodegaon Ahmednagar 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 -

>>Dhanore Ahmednagar >>Ghodegaon Ahmednagar >>Kadit Budruk >>Mamdapur Ahmednagar

MICR code for Yes Bank Ghodegaon Ahmednagar

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 Ghodegaon Ahmednagar 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. 414532501 is the MICR code of Yes Bank for Ghodegaon Ahmednagar branch. MICR code for Ghodegaon Ahmednagar 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 Ghodegaon Ahmednagar is presented in the table alongside.

Use of Yes Bank MICR code for Ghodegaon Ahmednagar branch in ahmednagar

The MICR code 414532501 is used in RBI cheque clearing process to identify the branch Ghodegaon Ahmednagar 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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