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 Parwanoo Urban Coop Bank Shamti 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. 173024014 is the MICR code of Yes Bank for Parwanoo Urban Coop Bank Shamti branch. MICR code for Parwanoo Urban Coop Bank Shamti 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 Parwanoo Urban Coop Bank Shamti is presented in the table alongside.
The MICR code 173024014 is used in RBI cheque clearing process to identify the branch Parwanoo Urban Coop Bank Shamti 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.