Yes Bank Coimbatore Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for Yes Bank Coimbatore Coimbatore Tamil Nadu

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saravanampatti
Contact 018001200
Bank Details Yes Bank Ltd Saravanampatti YESB0001179
Location Coimbatore, Coimbatore
City Coimbatore
District Coimbatore
State Tamil Nadu
Pincode 641049
Country IN
Address Upper ground floor, 171/1 sathy road(west), saravanampatti, coimbatore 641049
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 Saravanampatti 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, Saravanampatti branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Saravanampatti branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Yes Bank Ltd are available with micr code -

>>Gandhipuram Coimbatore >>R S Puram Coimbatore >>Saibaba Colony Coimbatore >>Saravanampatti >>Trichy Road Coimbatore >>Vadavalli

MICR code for Yes Bank Saravanampatti

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 Saravanampatti 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 Saravanampatti branch. MICR code for Saravanampatti 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 Saravanampatti is presented in the table alongside.

Use of Yes Bank MICR code for Saravanampatti branch in coimbatore

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