Yes Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Yes Bank Kolhapur Kolhapur Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mamasaheb Pawar Satyavijay Coop Bank Kolhapur
Contact 2522777
Bank Details Yes Bank Ltd Mamasaheb Pawar Satyavijay Coop Bank Kolhapur YESB0MPSC12
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode 416001
Country IN
Address Shahupuri 3rd line kolhapur 416310
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 416807002 for Mamasaheb Pawar Satyavijay Coop Bank Kolhapur 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 416807002 of Yes Bank, Mamasaheb Pawar Satyavijay Coop Bank Kolhapur branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Mamasaheb Pawar Satyavijay Coop Bank Kolhapur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Mamasaheb Pawar Satyavijay Coop Bank Kolhapur

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 Mamasaheb Pawar Satyavijay Coop Bank Kolhapur 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. 416807002 is the MICR code of Yes Bank for Mamasaheb Pawar Satyavijay Coop Bank Kolhapur branch. MICR code for Mamasaheb Pawar Satyavijay Coop Bank Kolhapur 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 Mamasaheb Pawar Satyavijay Coop Bank Kolhapur is presented in the table alongside.

Use of Yes Bank MICR code for Mamasaheb Pawar Satyavijay Coop Bank Kolhapur branch in kolhapur

The MICR code 416807002 is used in RBI cheque clearing process to identify the branch Mamasaheb Pawar Satyavijay Coop Bank Kolhapur 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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