Yes Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Yes Bank Kolhapur Kolhapur Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sangawade Maharashtra
Contact 18002000
Bank Details Yes Bank Ltd Sangawade Maharashtra YESB0000853
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode 416202
Country IN
Address Shop no.1,2,vishwa bhawan,at post sangawade,taluka karveer,dist kolhapur,maharashtra,416202
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 Sangawade Maharashtra 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, Sangawade Maharashtra branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Sangawade Maharashtra branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Sangawade Maharashtra

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 Sangawade Maharashtra 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 Sangawade Maharashtra branch. MICR code for Sangawade Maharashtra 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 Sangawade Maharashtra is presented in the table alongside.

Use of Yes Bank MICR code for Sangawade Maharashtra branch in kolhapur

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