Yes Bank Kannad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Yes Bank Kannad 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 Sahkari Bank Kannad
Contact 2835222209
Bank Details Yes Bank Ltd Lokvikas Nagari Sahkari Bank Kannad YESB0LNSB10
Location Kannad, Aurangabad
City Kannad
District Aurangabad
State Maharashtra
Pincode 431103
Country IN
Address Plot no 4/242 shop no b1-b5 khandelwal comp near bus stand kannad tq kannad aurangabad 431103
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 431661010 for Lokvikas Nagari Sahkari Bank Kannad 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 431661010 of Yes Bank, Lokvikas Nagari Sahkari Bank Kannad branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Lokvikas Nagari Sahkari Bank Kannad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Lokvikas Nagari Sahkari Bank Kannad

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 Sahkari Bank Kannad 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. 431661010 is the MICR code of Yes Bank for Lokvikas Nagari Sahkari Bank Kannad branch. MICR code for Lokvikas Nagari Sahkari Bank Kannad 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 Sahkari Bank Kannad is presented in the table alongside.

Use of Yes Bank MICR code for Lokvikas Nagari Sahkari Bank Kannad branch in kannad

The MICR code 431661010 is used in RBI cheque clearing process to identify the branch Lokvikas Nagari Sahkari Bank Kannad 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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