Yes Bank Salem Salem Tamil Nadu MICR CODE

Find MICR Codes for Yes Bank Salem Salem Tamil Nadu

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MICR Code	636532002
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	Salem
Contact	Contactus@yesbank.In
Bank Details	Yes Bank Ltd Salem YESB0000079

Location	Salem, Salem
City	Salem
District	Salem
State	Tamil Nadu
Pincode	636004
Country	IN
Address	Ground floor, 5-315junction main roadsalemtamilnadu636004

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 636532002 for Salem 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 636532002 of Yes Bank, Salem branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Salem branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Yes Bank Ltd are available with micr code -

>>Salem >>Salem Fairlands

MICR code for Yes Bank Salem

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 Salem 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. 636532002 is the MICR code of Yes Bank for Salem branch. MICR code for Salem 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 Salem is presented in the table alongside.

Use of Yes Bank MICR code for Salem branch in salem

The MICR code 636532002 is used in RBI cheque clearing process to identify the branch Salem 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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