Yes Bank Satara Satara Maharashtra MICR CODE

Find MICR Codes for Yes Bank Satara Satara Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Satara Sahakari Bank Ltd Satara
Contact 24124743
Bank Details Yes Bank Ltd Satara Sahakari Bank Ltd Satara YESB0TSSB17
Location Satara, Satara
City Satara
District Satara
State Maharashtra
Pincode 415002
Country IN
Address 1st floor ravivar peth powai naka satara 415002
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 415107002 for Satara Sahakari Bank Ltd Satara 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 415107002 of Yes Bank, Satara Sahakari Bank Ltd Satara branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Satara Sahakari Bank Ltd Satara branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Satara Sahakari Bank Ltd Satara

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 Satara Sahakari Bank Ltd Satara 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. 415107002 is the MICR code of Yes Bank for Satara Sahakari Bank Ltd Satara branch. MICR code for Satara Sahakari Bank Ltd Satara 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 Satara Sahakari Bank Ltd Satara is presented in the table alongside.

Use of Yes Bank MICR code for Satara Sahakari Bank Ltd Satara branch in satara

The MICR code 415107002 is used in RBI cheque clearing process to identify the branch Satara Sahakari Bank Ltd Satara 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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