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 Sadashiva Nagar
Contact 80-18001200
Bank Details Yes Bank Ltd Sadashiva Nagar YESB0001204
Location Bangalore, Bangalore
City Bangalore
District Bangalore
State Karnataka
Pincode 560003
Country IN
Address Part ground floor,14,sankey road,sadashiva nagar bangalore-560003
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 Sadashiva 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, Sadashiva Nagar branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Sadashiva Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Sadashiva 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 Sadashiva 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 Sadashiva Nagar branch. MICR code for Sadashiva 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 Sadashiva Nagar is presented in the table alongside.

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

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