Yes Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Yes Bank Chandigarh Chandigarh Chandigarh

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MICR Code	160532038
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	Sector Twenty Chandigarh
Contact	18002000
Bank Details	Yes Bank Ltd Sector Twenty Chandigarh YESB0001057

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160020
Country	IN
Address	Ground floor, sco no. 3 sector 20 - d, chandigarh 160020

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 160532038 for Sector Twenty Chandigarh 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 160532038 of Yes Bank, Sector Twenty Chandigarh branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Sector Twenty Chandigarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 9 branches of Yes Bank Ltd are available with micr code -

>>Chandigarh Sec 17 >>Chandigarh Sector Forty Six >>Industrial Area Phasetwo >>Kolkata >>Sector Forty Chandigarh >>Sector Forty Four C >>Sector Thirty Seven Chandigarh >>Sector Thirty Two Chandigarh >>Sector Twenty Chandigarh

MICR code for Yes Bank Sector Twenty Chandigarh

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 Sector Twenty Chandigarh 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. 160532038 is the MICR code of Yes Bank for Sector Twenty Chandigarh branch. MICR code for Sector Twenty Chandigarh 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 Sector Twenty Chandigarh is presented in the table alongside.

Use of Yes Bank MICR code for Sector Twenty Chandigarh branch in chandigarh

The MICR code 160532038 is used in RBI cheque clearing process to identify the branch Sector Twenty Chandigarh 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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