Yes Bank Majiwada Thane Maharashtra MICR CODE

Find MICR Codes for Yes Bank Majiwada Thane Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Majiwada Branchthane
Contact 91-7506408609
Bank Details Yes Bank Ltd Majiwada Branchthane YESB0UNTY39
Location Majiwada, Thane
City Majiwada
District Thane
State Maharashtra
Pincode 400610
Country IN
Address Shop no.6, ground floor, tiara complex, ashar residency, pokharan road, majiwada, thane(west) 400610
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 Majiwada Branchthane 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, Majiwada Branchthane branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Majiwada Branchthane 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 -

>>Majiwada Branchthane

MICR code for Yes Bank Majiwada Branchthane

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 Majiwada Branchthane 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 Majiwada Branchthane branch. MICR code for Majiwada Branchthane 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 Majiwada Branchthane is presented in the table alongside.

Use of Yes Bank MICR code for Majiwada Branchthane branch in majiwada

The MICR code 0 is used in RBI cheque clearing process to identify the branch Majiwada Branchthane 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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