Yes Bank Mahalakshmi Karnataka Karnataka MICR CODE

Find MICR Codes for Yes Bank Mahalakshmi Karnataka Karnataka

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mahalakshmi Layout
Contact 91-9986434232
Bank Details Yes Bank Ltd Mahalakshmi Layout YESB0UNTY96
Location Mahalakshmi, Karnataka
City Mahalakshmi
District Karnataka
State Karnataka
Pincode
Country IN
Address Shop no 149,shankar nagar,mahalaxmi layout,bengaluru -96
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 Mahalakshmi Layout 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, Mahalakshmi Layout branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Mahalakshmi Layout 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 -

>>Mahalakshmi Layout

MICR code for Yes Bank Mahalakshmi Layout

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 Mahalakshmi Layout 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 Mahalakshmi Layout branch. MICR code for Mahalakshmi Layout 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 Mahalakshmi Layout is presented in the table alongside.

Use of Yes Bank MICR code for Mahalakshmi Layout branch in mahalakshmi

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