Yes Bank Alwar Alwar Rajasthan MICR CODE

Find MICR Codes for Yes Bank Alwar Alwar Rajasthan

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mundawar Rajasthan
Contact 260686
Bank Details Yes Bank Ltd Mundawar Rajasthan YESB0000686
Location Alwar, Alwar
City Alwar
District Alwar
State Rajasthan
Pincode 301407
Country IN
Address G floor, sodawas road, near krishna college, mundawar, alwar, rajasthan, pin - 301407
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 301532004 for Mundawar Rajasthan 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 301532004 of Yes Bank, Mundawar Rajasthan branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Mundawar Rajasthan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Mundawar Rajasthan

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 Mundawar Rajasthan 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. 301532004 is the MICR code of Yes Bank for Mundawar Rajasthan branch. MICR code for Mundawar Rajasthan 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 Mundawar Rajasthan is presented in the table alongside.

Use of Yes Bank MICR code for Mundawar Rajasthan branch in alwar

The MICR code 301532004 is used in RBI cheque clearing process to identify the branch Mundawar Rajasthan 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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