Yes Bank Haldwani Nainital Uttrakhand MICR CODE

Find MICR Codes for Yes Bank Haldwani Nainital Uttrakhand

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Haldwani Uttarakhand
Contact
Bank Details Yes Bank Ltd Haldwani Uttarakhand YESB0001161
Location Haldwani, Nainital
City Haldwani
District Nainital
State Uttrakhand
Pincode 263139
Country IN
Address Ground floor, khata no. 154, khasra no. 260, corporation no-11-254/1, opposite krishna hospital, nainital road, haldwani, uttrakhand - 263139
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 Haldwani Uttarakhand 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, Haldwani Uttarakhand branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Haldwani Uttarakhand branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Haldwani Uttarakhand

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 Haldwani Uttarakhand 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 Haldwani Uttarakhand branch. MICR code for Haldwani Uttarakhand 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 Haldwani Uttarakhand is presented in the table alongside.

Use of Yes Bank MICR code for Haldwani Uttarakhand branch in haldwani

The MICR code 0 is used in RBI cheque clearing process to identify the branch Haldwani Uttarakhand 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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