Yes Bank Bhagur Nasik Maharashtra MICR CODE

Find MICR Codes for Yes Bank Bhagur Nasik Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nashik Rd Deolali Bank Bhagur
Contact 2532494302
Bank Details Yes Bank Ltd Nashik Rd Deolali Bank Bhagur YESB0NRDB03
Location Bhagur, Nasik
City Bhagur
District Nasik
State Maharashtra
Pincode 422502
Country IN
Address Indira gandhi sankul,opp bhagur nagar palika offfice 422502
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 422374003 for Nashik Rd Deolali Bank Bhagur 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 422374003 of Yes Bank, Nashik Rd Deolali Bank Bhagur branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Nashik Rd Deolali Bank Bhagur 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 -

>>Nashik Rd Deolali Bank Bhagur

MICR code for Yes Bank Nashik Rd Deolali Bank Bhagur

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 Nashik Rd Deolali Bank Bhagur 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. 422374003 is the MICR code of Yes Bank for Nashik Rd Deolali Bank Bhagur branch. MICR code for Nashik Rd Deolali Bank Bhagur 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 Nashik Rd Deolali Bank Bhagur is presented in the table alongside.

Use of Yes Bank MICR code for Nashik Rd Deolali Bank Bhagur branch in bhagur

The MICR code 422374003 is used in RBI cheque clearing process to identify the branch Nashik Rd Deolali Bank Bhagur 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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