Yes Bank Korba Korba Chhattisgarh MICR CODE

Find MICR Codes for Yes Bank Korba Korba Chhattisgarh

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Korba
Contact 7759-18001200
Bank Details Yes Bank Ltd Korba YESB0001213
Location Korba, Korba
City Korba
District Korba
State Chhattisgarh
Pincode 495450
Country IN
Address Ground floor,moti bhawan,plot no.59 main road,t p nagar,korba 495 450
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 Korba 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, Korba branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Korba 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 -

>>Korba

MICR code for Yes Bank Korba

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 Korba 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 Korba branch. MICR code for Korba 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 Korba is presented in the table alongside.

Use of Yes Bank MICR code for Korba branch in korba

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