Yes Bank Parner Ahmednagar Maharashtra MICR CODE

Find MICR Codes for Yes Bank Parner Ahmednagar Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Parner Ahmednagar
Contact 18002000
Bank Details Yes Bank Ltd Parner Ahmednagar YESB0000847
Location Parner, Ahmednagar
City Parner
District Ahmednagar
State Maharashtra
Pincode 414302
Country IN
Address Shiv pushpa building, city survey no 1712, house no. 506, parner, dist. Ahmednagar, mh, 414302
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 414532502 for Parner Ahmednagar 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 414532502 of Yes Bank, Parner Ahmednagar branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Parner Ahmednagar 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 -

>>Parner Ahmednagar

MICR code for Yes Bank Parner Ahmednagar

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 Parner Ahmednagar 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. 414532502 is the MICR code of Yes Bank for Parner Ahmednagar branch. MICR code for Parner Ahmednagar 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 Parner Ahmednagar is presented in the table alongside.

Use of Yes Bank MICR code for Parner Ahmednagar branch in parner

The MICR code 414532502 is used in RBI cheque clearing process to identify the branch Parner Ahmednagar 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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