Yes Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Yes Bank Panchkula Panchkula Haryana

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MICR Code	160532004
Bank	Yes Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panchkula
Contact	Yes Touch Phone Banking: +91 9958390909 Email: Contactus@yesbank.In
Bank Details	Yes Bank Ltd Panchkula YESB0000110

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134112
Country	IN
Address	Sco 24, sector 11,huda complex,panchkula,haryana 134112

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 160532004 for Panchkula 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 160532004 of Yes Bank, Panchkula branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Panchkula branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Yes Bank Ltd are available with micr code -

>>Mdc Sec Five Panchkula >>Panchkula >>Panchkula Sector Eight >>Panchkula Urban Coop Bank Ltd >>Panipat Urban Coop Bank Panchkula >>Sector Fourteen Panchkula >>Sector Twenty Panchkula

MICR code for Yes Bank Panchkula

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 Panchkula 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. 160532004 is the MICR code of Yes Bank for Panchkula branch. MICR code for Panchkula 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 Panchkula is presented in the table alongside.

Use of Yes Bank MICR code for Panchkula branch in panchkula

The MICR code 160532004 is used in RBI cheque clearing process to identify the branch Panchkula 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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