Yes Bank New Bombay Thane Maharashtra MICR CODE

Find MICR Codes for Yes Bank New Bombay Thane Maharashtra

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MICR Code	400532029
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	Kharghar
Contact
Bank Details	Yes Bank Ltd Kharghar YESB0000220

Location	New Bombay, Thane
City	New Bombay
District	Thane
State	Maharashtra
Pincode	410210
Country	IN
Address	Shop no 46 and 47,patel heritage, sector -7,kharghar, navi mumbai maharashtra 410210

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 400532029 for Kharghar 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 400532029 of Yes Bank, Kharghar branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Kharghar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Yes Bank Ltd are available with micr code -

>>Airoli >>Apmc Vashi >>Belapur >>Kharghar >>Nerul >>Sanpada >>The Pusad Ucb Vashi >>Vashi

MICR code for Yes Bank Kharghar

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 Kharghar 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. 400532029 is the MICR code of Yes Bank for Kharghar branch. MICR code for Kharghar 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 Kharghar is presented in the table alongside.

Use of Yes Bank MICR code for Kharghar branch in new bombay

The MICR code 400532029 is used in RBI cheque clearing process to identify the branch Kharghar 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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