Yes Bank Kannad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Yes Bank Kannad Aurangabad Maharashtra

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MICR Code	431532502
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	Kannad Maharashtra
Contact	203060
Bank Details	Yes Bank Ltd Kannad Maharashtra YESB0000643

Location	Kannad, Aurangabad
City	Kannad
District	Aurangabad
State	Maharashtra
Pincode	431103
Country	IN
Address	Part ground floor, administrative building, mahatma phule nagar, taluka - kannad, district - aurangabad, maharashtra. Pin 431 103.

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 431532502 for Kannad Maharashtra 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 431532502 of Yes Bank, Kannad Maharashtra branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Kannad Maharashtra branch, makes the characters readable even if there are other marks and stamps on it.

A total of 16 branches of Yes Bank Ltd are available with micr code -

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MICR code for Yes Bank Kannad Maharashtra

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 Kannad Maharashtra 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. 431532502 is the MICR code of Yes Bank for Kannad Maharashtra branch. MICR code for Kannad Maharashtra 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 Kannad Maharashtra is presented in the table alongside.

Use of Yes Bank MICR code for Kannad Maharashtra branch in kannad

The MICR code 431532502 is used in RBI cheque clearing process to identify the branch Kannad Maharashtra 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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