Yes Bank Karola Gurgaon Haryana MICR CODE

Find MICR Codes for Yes Bank Karola Gurgaon Haryana

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MICR Code	-NA-
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	Karola
Contact	Ajay Mahajan-9810355342
Bank Details	Yes Bank Ltd Karola YESB0000437

Location	Karola, Gurgaon
City	Karola
District	Gurgaon
State	Haryana
Pincode	123504
Country	IN
Address	Ground floor, khasra no 200/276, vpo karola, tehsil farukh nagar, gurgaon-123504

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 0 for Karola 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 0 of Yes Bank, Karola branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Karola 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 -

>>Karola

MICR code for Yes Bank Karola

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 Karola 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. 0 is the MICR code of Yes Bank for Karola branch. MICR code for Karola 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 Karola is presented in the table alongside.

Use of Yes Bank MICR code for Karola branch in karola

The MICR code 0 is used in RBI cheque clearing process to identify the branch Karola 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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