Yes Bank Kagal Kolhapur Maharashtra MICR CODE

Find MICR Codes for Yes Bank Kagal Kolhapur Maharashtra

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MICR Code	416532004
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	Kagal Kolhapur
Contact	18002000
Bank Details	Yes Bank Ltd Kagal Kolhapur YESB0000887

Location	Kagal, Kolhapur
City	Kagal
District	Kolhapur
State	Maharashtra
Pincode	416216
Country	IN
Address	Gr flr, c.t.s.no.533/2/b, sangao ring road, a/p kagal, dist.kolhapur, maharashtra, 416216

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 416532004 for Kagal Kolhapur 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 416532004 of Yes Bank, Kagal Kolhapur branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Kagal Kolhapur 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 -

>>Kagal Kolhapur

MICR code for Yes Bank Kagal Kolhapur

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 Kagal Kolhapur 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. 416532004 is the MICR code of Yes Bank for Kagal Kolhapur branch. MICR code for Kagal Kolhapur 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 Kagal Kolhapur is presented in the table alongside.

Use of Yes Bank MICR code for Kagal Kolhapur branch in kagal

The MICR code 416532004 is used in RBI cheque clearing process to identify the branch Kagal Kolhapur 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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