Yes Bank Chhindwara Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for Yes Bank Chhindwara Chhindwara Madhya Pradesh

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pagara Chhindwara
Contact 18002000
Bank Details Yes Bank Ltd Pagara Chhindwara YESB0000979
Location Chhindwara, Chhindwara
City Chhindwara
District Chhindwara
State Madhya Pradesh
Pincode 480557
Country IN
Address Gr floor,khasra no 182,p.h.n.8,pagara,tehsil - parasia,district - chhindwara -480557
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 Pagara Chhindwara 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, Pagara Chhindwara branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Pagara Chhindwara branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Pagara Chhindwara

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 Pagara Chhindwara 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 Pagara Chhindwara branch. MICR code for Pagara Chhindwara 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 Pagara Chhindwara is presented in the table alongside.

Use of Yes Bank MICR code for Pagara Chhindwara branch in chhindwara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Pagara Chhindwara 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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