Yes Bank Hoshangabad Hoshangabad Madhya Pradesh MICR CODE

Find MICR Codes for Yes Bank Hoshangabad Hoshangabad Madhya Pradesh

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MICR Code	461532001
Bank	Yes Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hoshangabad Madhya Pradesh
Contact	252107
Bank Details	Yes Bank Ltd Hoshangabad Madhya Pradesh YESB0000672

Location	Hoshangabad, Hoshangabad
City	Hoshangabad
District	Hoshangabad
State	Madhya Pradesh
Pincode	461001
Country	IN
Address	Part ground floor, plot no. 34/21, sheet no. 41, anand nagar, hoshangabad, madhya pradesh, pin- 461001

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 461532001 for Hoshangabad Madhya Pradesh 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 461532001 of Yes Bank, Hoshangabad Madhya Pradesh branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Hoshangabad Madhya Pradesh 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 -

>>Hoshangabad Madhya Pradesh

MICR code for Yes Bank Hoshangabad Madhya Pradesh

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 Hoshangabad Madhya Pradesh 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. 461532001 is the MICR code of Yes Bank for Hoshangabad Madhya Pradesh branch. MICR code for Hoshangabad Madhya Pradesh 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 Hoshangabad Madhya Pradesh is presented in the table alongside.

Use of Yes Bank MICR code for Hoshangabad Madhya Pradesh branch in hoshangabad

The MICR code 461532001 is used in RBI cheque clearing process to identify the branch Hoshangabad Madhya Pradesh 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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