Yes Bank Wai Satara Maharashtra MICR CODE

Find MICR Codes for Yes Bank Wai 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 Shivneri Sahakari Bank Ltd Wai
Contact 227416
Bank Details Yes Bank Ltd Shivneri Sahakari Bank Ltd Wai YESB0SVNB03
Location Wai, Satara
City Wai
District Satara
State Maharashtra
Pincode 415003
Country IN
Address Sayali appartment, songirwadi, wai - 412803
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 412809002 for Shivneri Sahakari Bank Ltd Wai 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 412809002 of Yes Bank, Shivneri Sahakari Bank Ltd Wai branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Shivneri Sahakari Bank Ltd Wai 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 -

>>Om Datta Chaitanya Sahakari Bank Ltd Wai >>Shivneri Sahakari Bank Ltd Wai

MICR code for Yes Bank Shivneri Sahakari Bank Ltd Wai

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 Shivneri Sahakari Bank Ltd Wai 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. 412809002 is the MICR code of Yes Bank for Shivneri Sahakari Bank Ltd Wai branch. MICR code for Shivneri Sahakari Bank Ltd Wai 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 Shivneri Sahakari Bank Ltd Wai is presented in the table alongside.

Use of Yes Bank MICR code for Shivneri Sahakari Bank Ltd Wai branch in wai

The MICR code 412809002 is used in RBI cheque clearing process to identify the branch Shivneri Sahakari Bank Ltd Wai 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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