Yes Bank Hyderabad Hyderabad Telangana MICR CODE

Find MICR Codes for Yes Bank Hyderabad Hyderabad Telangana

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Marredpally Secunderabad
Contact 18002000
Bank Details Yes Bank Ltd Marredpally Secunderabad YESB0001070
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Telangana
Pincode 500026
Country IN
Address Part ground floor, amz plaza, no.10-2-277, 10-2-277/a/b, east marredpally road, west marredpally, secunderabad 500 026
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 Marredpally Secunderabad 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, Marredpally Secunderabad branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Marredpally Secunderabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Marredpally Secunderabad

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 Marredpally Secunderabad 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 Marredpally Secunderabad branch. MICR code for Marredpally Secunderabad 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 Marredpally Secunderabad is presented in the table alongside.

Use of Yes Bank MICR code for Marredpally Secunderabad branch in hyderabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Marredpally Secunderabad 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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