Yes Bank Dhule Dhule Maharashtra MICR CODE

Find MICR Codes for Yes Bank Dhule Dhule Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shahada Peoples Coop Bank Dhule
Contact 237282
Bank Details Yes Bank Ltd Shahada Peoples Coop Bank Dhule YESB0SPCB04
Location Dhule, Dhule
City Dhule
District Dhule
State Maharashtra
Pincode 425410
Country IN
Address Lane no.6,near sonya maruti mandir,dhule 425410
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 424809001 for Shahada Peoples Coop Bank Dhule 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 424809001 of Yes Bank, Shahada Peoples Coop Bank Dhule branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Shahada Peoples Coop Bank Dhule branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Shahada Peoples Coop Bank Dhule

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 Shahada Peoples Coop Bank Dhule 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. 424809001 is the MICR code of Yes Bank for Shahada Peoples Coop Bank Dhule branch. MICR code for Shahada Peoples Coop Bank Dhule 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 Shahada Peoples Coop Bank Dhule is presented in the table alongside.

Use of Yes Bank MICR code for Shahada Peoples Coop Bank Dhule branch in dhule

The MICR code 424809001 is used in RBI cheque clearing process to identify the branch Shahada Peoples Coop Bank Dhule 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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