Yes Bank Koppal Koppal Karnataka MICR CODE

Find MICR Codes for Yes Bank Koppal Koppal Karnataka

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MICR Code	583532403
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	Koppal Karnataka
Contact	22223
Bank Details	Yes Bank Ltd Koppal Karnataka YESB0000754

Location	Koppal, Koppal
City	Koppal
District	Koppal
State	Karnataka
Pincode	583231
Country	IN
Address	Gr flr,plot no 9,mig 2nd/9,municipal new no 7 2 269,near basaveshwar circ,koppal,ka,583231

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 583532403 for Koppal Karnataka 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 583532403 of Yes Bank, Koppal Karnataka branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Koppal Karnataka branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Yes Bank Ltd are available with micr code -

>>Koppal Karnataka >>Navali Karnataka

MICR code for Yes Bank Koppal Karnataka

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 Koppal Karnataka 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. 583532403 is the MICR code of Yes Bank for Koppal Karnataka branch. MICR code for Koppal Karnataka 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 Koppal Karnataka is presented in the table alongside.

Use of Yes Bank MICR code for Koppal Karnataka branch in koppal

The MICR code 583532403 is used in RBI cheque clearing process to identify the branch Koppal Karnataka 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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