Yes Bank Ichalkarnji Kolhapur Maharashtra MICR CODE

Find MICR Codes for Yes Bank Ichalkarnji Kolhapur Maharashtra

↻ Reload
MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shivam Sahakari Bank Ltd
Contact 2422422
Bank Details Yes Bank Ltd Shivam Sahakari Bank Ltd YESB0SHIV01
Location Ichalkarnji, Kolhapur
City Ichalkarnji
District Kolhapur
State Maharashtra
Pincode 416115
Country IN
Address 10/531 main road ichalkaranji 416115
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 416875201 for Shivam Sahakari Bank Ltd 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 416875201 of Yes Bank, Shivam Sahakari Bank Ltd branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Shivam Sahakari Bank Ltd 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 -

>>Birdev Sahakari Bank Ltd >>Shivam Sahakari Bank Ltd

MICR code for Yes Bank Shivam Sahakari Bank Ltd

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 Shivam Sahakari Bank Ltd 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. 416875201 is the MICR code of Yes Bank for Shivam Sahakari Bank Ltd branch. MICR code for Shivam Sahakari Bank Ltd 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 Shivam Sahakari Bank Ltd is presented in the table alongside.

Use of Yes Bank MICR code for Shivam Sahakari Bank Ltd branch in ichalkarnji

The MICR code 416875201 is used in RBI cheque clearing process to identify the branch Shivam Sahakari Bank Ltd 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.

Copied!