Yes Bank Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for Yes Bank Rajkot Rajkot Gujarat

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State
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MICR Code	-NA-
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	Lothada Branch
Contact	281-18001200
Bank Details	Yes Bank Ltd Lothada Branch YESB0RAJ028

Location	Rajkot, Rajkot
City	Rajkot
District	Rajkot
State	Gujarat
Pincode
Country	IN
Address	Lothada main road rajkot

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

A total of 37 branches of Yes Bank Ltd are available with micr code -

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MICR code for Yes Bank Lothada Branch

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 Lothada Branch 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 Lothada Branch branch. MICR code for Lothada Branch 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 Lothada Branch is presented in the table alongside.

Use of Yes Bank MICR code for Lothada Branch branch in rajkot

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