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Yes Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Yes Bank Aurangabad Aurangabad Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lokvikas Nagari Sah Bank Cidco
Contact Sanjay Jadhav 02402474118
Bank Details Yes Bank Ltd Lokvikas Nagari Sah Bank Cidco YESB0LNSB04
Location Aurangabad, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Pincode 431003
Country IN
Address Plot no. 12, kamgar chowk, jai bhavani nagar road, cidco, aurangabad 431003
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 431661004 for Lokvikas Nagari Sah Bank Cidco 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 431661004 of Yes Bank, Lokvikas Nagari Sah Bank Cidco branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Lokvikas Nagari Sah Bank Cidco branch, makes the characters readable even if there are other marks and stamps on it.

A total of 58 branches of Yes Bank Ltd are available with micr code -

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MICR code for Yes Bank Lokvikas Nagari Sah Bank Cidco

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 Lokvikas Nagari Sah Bank Cidco 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. 431661004 is the MICR code of Yes Bank for Lokvikas Nagari Sah Bank Cidco branch. MICR code for Lokvikas Nagari Sah Bank Cidco 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 Lokvikas Nagari Sah Bank Cidco is presented in the table alongside.

Use of Yes Bank MICR code for Lokvikas Nagari Sah Bank Cidco branch in aurangabad

The MICR code 431661004 is used in RBI cheque clearing process to identify the branch Lokvikas Nagari Sah Bank Cidco 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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