Yes Bank Malegaon Nasik Maharashtra MICR CODE

Find MICR Codes for Yes Bank Malegaon Nasik Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Janalaxmi Coop Bank Malegaon
Contact 2524-256036
Bank Details Yes Bank Ltd Janalaxmi Coop Bank Malegaon YESB0JLCB24
Location Malegaon, Nasik
City Malegaon
District Nasik
State Maharashtra
Pincode 423105
Country IN
Address Vishwa laxmi complex,sangameshwar,satana raod,malegoan-423105
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 423806101 for Janalaxmi Coop Bank Malegaon 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 423806101 of Yes Bank, Janalaxmi Coop Bank Malegaon branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Janalaxmi Coop Bank Malegaon 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 -

>>Janalaxmi Coop Bank Malegaon

MICR code for Yes Bank Janalaxmi Coop Bank Malegaon

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 Janalaxmi Coop Bank Malegaon 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. 423806101 is the MICR code of Yes Bank for Janalaxmi Coop Bank Malegaon branch. MICR code for Janalaxmi Coop Bank Malegaon 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 Janalaxmi Coop Bank Malegaon is presented in the table alongside.

Use of Yes Bank MICR code for Janalaxmi Coop Bank Malegaon branch in malegaon

The MICR code 423806101 is used in RBI cheque clearing process to identify the branch Janalaxmi Coop Bank Malegaon 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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