Yes Bank Vadodara Vadodara Gujarat MICR CODE

Find MICR Codes for Yes Bank Vadodara Vadodara Gujarat

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shree Vardhaman Bank Karelibag
Contact Bharat Shah -0265-2465430
Bank Details Yes Bank Ltd Shree Vardhaman Bank Karelibag YESB0SVSB03
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 390018
Country IN
Address Mahalaxmi appt, muktanand karile bag vadodara - 390018
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 390160004 for Shree Vardhaman Bank Karelibag 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 390160004 of Yes Bank, Shree Vardhaman Bank Karelibag branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Shree Vardhaman Bank Karelibag branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Shree Vardhaman Bank Karelibag

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 Shree Vardhaman Bank Karelibag 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. 390160004 is the MICR code of Yes Bank for Shree Vardhaman Bank Karelibag branch. MICR code for Shree Vardhaman Bank Karelibag 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 Shree Vardhaman Bank Karelibag is presented in the table alongside.

Use of Yes Bank MICR code for Shree Vardhaman Bank Karelibag branch in vadodara

The MICR code 390160004 is used in RBI cheque clearing process to identify the branch Shree Vardhaman Bank Karelibag 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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