Yes Bank Ratlam Ratlam Madhya Pradesh MICR CODE

Find MICR Codes for Yes Bank Ratlam Ratlam Madhya Pradesh

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MICR Code	457532002
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	Sejawata
Contact	18002000
Bank Details	Yes Bank Ltd Sejawata YESB0001147

Location	Ratlam, Ratlam
City	Ratlam
District	Ratlam
State	Madhya Pradesh
Pincode	457226
Country	IN
Address	Ground floor, house no.10, village sejawat, tehsil ratlam, dist. Ratlam, mp- 457002

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 457532002 for Sejawata 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 457532002 of Yes Bank, Sejawata branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Sejawata 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 -

>>Ratlam Mp >>Sejawata

MICR code for Yes Bank Sejawata

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 Sejawata 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. 457532002 is the MICR code of Yes Bank for Sejawata branch. MICR code for Sejawata 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 Sejawata is presented in the table alongside.

Use of Yes Bank MICR code for Sejawata branch in ratlam

The MICR code 457532002 is used in RBI cheque clearing process to identify the branch Sejawata 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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