Yes Bank Bangalore Bangalore Karnataka MICR CODE

Find MICR Codes for Yes Bank Bangalore Bangalore Karnataka

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rajarajeswari Nagar
Contact 80-18001200
Bank Details Yes Bank Ltd Rajarajeswari Nagar YESB0001216
Location Bangalore, Bangalore
City Bangalore
District Bangalore
State Karnataka
Pincode 560098
Country IN
Address Ground floor, 885 neelashree abhay tower, 4th stage, r.r. Nagar, bangalore 560 098.
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 Rajarajeswari Nagar 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, Rajarajeswari Nagar branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Rajarajeswari Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Rajarajeswari Nagar

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 Rajarajeswari Nagar 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 Rajarajeswari Nagar branch. MICR code for Rajarajeswari Nagar 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 Rajarajeswari Nagar is presented in the table alongside.

Use of Yes Bank MICR code for Rajarajeswari Nagar branch in bangalore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rajarajeswari Nagar 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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