Yes Bank Gurgaon Gurgaon Haryana MICR CODE

Find MICR Codes for Yes Bank Gurgaon Gurgaon Haryana

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palam Vihar
Contact 18002000
Bank Details Yes Bank Ltd Palam Vihar YESB0000647
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122017
Country IN
Address Ground floor shop no 12,13,50,51,ansal plaza,palam vihar gurgaon,haryana 122017
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 110532122 for Palam Vihar 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 110532122 of Yes Bank, Palam Vihar branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Palam Vihar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Palam Vihar

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 Palam Vihar 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. 110532122 is the MICR code of Yes Bank for Palam Vihar branch. MICR code for Palam Vihar 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 Palam Vihar is presented in the table alongside.

Use of Yes Bank MICR code for Palam Vihar branch in gurgaon

The MICR code 110532122 is used in RBI cheque clearing process to identify the branch Palam Vihar 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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