Yes Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Yes Bank Indore Indore Madhya Pradesh

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indore Cloth Mkt Coop Bank Aerodram
Contact Mr.Mahesh Bhutra Ph-0731-2629023
Bank Details Yes Bank Ltd Indore Cloth Mkt Coop Bank Aerodram YESB0ICMB05
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452005
Country IN
Address 625 kalani nagar, indore 452005
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 452278002 for Indore Cloth Mkt Coop Bank Aerodram 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 452278002 of Yes Bank, Indore Cloth Mkt Coop Bank Aerodram branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Indore Cloth Mkt Coop Bank Aerodram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Indore Cloth Mkt Coop Bank Aerodram

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 Indore Cloth Mkt Coop Bank Aerodram 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. 452278002 is the MICR code of Yes Bank for Indore Cloth Mkt Coop Bank Aerodram branch. MICR code for Indore Cloth Mkt Coop Bank Aerodram 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 Indore Cloth Mkt Coop Bank Aerodram is presented in the table alongside.

Use of Yes Bank MICR code for Indore Cloth Mkt Coop Bank Aerodram branch in indore

The MICR code 452278002 is used in RBI cheque clearing process to identify the branch Indore Cloth Mkt Coop Bank Aerodram 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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