Yes Bank Kolkata Kolkata West Bengal MICR CODE

Find MICR Codes for Yes Bank Kolkata Kolkata West Bengal

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kolkata Mukti Chambers
Contact 18002000
Bank Details Yes Bank Ltd Kolkata Mukti Chambers YESB0000786
Location Kolkata, Kolkata
City Kolkata
District Kolkata
State West Bengal
Pincode 700001
Country IN
Address Gr flr,mukti chambers,4 rajendra prasad sarani / formerly known as clive row,kolkata,wb,700001
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 700532016 for Kolkata Mukti Chambers 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 700532016 of Yes Bank, Kolkata Mukti Chambers branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Kolkata Mukti Chambers branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Kolkata Mukti Chambers

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 Kolkata Mukti Chambers 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. 700532016 is the MICR code of Yes Bank for Kolkata Mukti Chambers branch. MICR code for Kolkata Mukti Chambers 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 Kolkata Mukti Chambers is presented in the table alongside.

Use of Yes Bank MICR code for Kolkata Mukti Chambers branch in kolkata

The MICR code 700532016 is used in RBI cheque clearing process to identify the branch Kolkata Mukti Chambers 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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