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Yes Bank Nashik Nasik Maharashtra MICR CODE

Find MICR Codes for Yes Bank Nashik 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 Ojhar Merchants Bank Panchvati
Contact 251690
Bank Details Yes Bank Ltd Ojhar Merchants Bank Panchvati YESB0OMCB07
Location Nashik, Nasik
City Nashik
District Nasik
State Maharashtra
Pincode 422003
Country IN
Address Vasant city mall panchvati karanja nashik 422003
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 Ojhar Merchants Bank Panchvati 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, Ojhar Merchants Bank Panchvati branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Ojhar Merchants Bank Panchvati branch, makes the characters readable even if there are other marks and stamps on it.

A total of 67 branches of Yes Bank Ltd are available with micr code -

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MICR code for Yes Bank Ojhar Merchants Bank Panchvati

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 Ojhar Merchants Bank Panchvati 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 Ojhar Merchants Bank Panchvati branch. MICR code for Ojhar Merchants Bank Panchvati 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 Ojhar Merchants Bank Panchvati is presented in the table alongside.

Use of Yes Bank MICR code for Ojhar Merchants Bank Panchvati branch in nashik

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ojhar Merchants Bank Panchvati 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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