Yes Bank Karanja Raigad Maharashtra MICR CODE

Find MICR Codes for Yes Bank Karanja Raigad Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Naval Dockyard Coop Bank Karanja
Contact 69402121
Bank Details Yes Bank Ltd Naval Dockyard Coop Bank Karanja YESB0NDM005
Location Karanja, Raigad
City Karanja
District Raigad
State Maharashtra
Pincode 400704
Country IN
Address Naval armament depot karanja raigad 400704
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 Naval Dockyard Coop Bank Karanja 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, Naval Dockyard Coop Bank Karanja branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Naval Dockyard Coop Bank Karanja 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 -

>>Naval Dockyard Coop Bank Karanja

MICR code for Yes Bank Naval Dockyard Coop Bank Karanja

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 Naval Dockyard Coop Bank Karanja 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 Naval Dockyard Coop Bank Karanja branch. MICR code for Naval Dockyard Coop Bank Karanja 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 Naval Dockyard Coop Bank Karanja is presented in the table alongside.

Use of Yes Bank MICR code for Naval Dockyard Coop Bank Karanja branch in karanja

The MICR code 0 is used in RBI cheque clearing process to identify the branch Naval Dockyard Coop Bank Karanja 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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