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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 H O
Contact Sanjay Auti 02402341725
Bank Details Yes Bank Ltd Lokvikas Nagari Sah Bank H O YESB0LNSB01
Location Aurangabad, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Pincode 431001
Country IN
Address Lokvikas bhavan, 10 seven hill colony, jalana raod aurangabad 431001
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 431661001 for Lokvikas Nagari Sah Bank H O 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 431661001 of Yes Bank, Lokvikas Nagari Sah Bank H O branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Lokvikas Nagari Sah Bank H O 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 H O

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 H O 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. 431661001 is the MICR code of Yes Bank for Lokvikas Nagari Sah Bank H O branch. MICR code for Lokvikas Nagari Sah Bank H O 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 H O is presented in the table alongside.

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

The MICR code 431661001 is used in RBI cheque clearing process to identify the branch Lokvikas Nagari Sah Bank H O 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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