Yes Bank Gadchandur Chandrapur Maharashtra MICR CODE

Find MICR Codes for Yes Bank Gadchandur Chandrapur Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shri Kanyaka Nagari Sahakari Bank Gadchandur
Contact 246768
Bank Details Yes Bank Ltd Shri Kanyaka Nagari Sahakari Bank Gadchandur YESB0SKNS11
Location Gadchandur, Chandrapur
City Gadchandur
District Chandrapur
State Maharashtra
Pincode 442402
Country IN
Address Near bus stand main road gadchanndur chandrapur 442908
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 442808506 for Shri Kanyaka Nagari Sahakari Bank Gadchandur 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 442808506 of Yes Bank, Shri Kanyaka Nagari Sahakari Bank Gadchandur branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Shri Kanyaka Nagari Sahakari Bank Gadchandur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Shri Kanyaka Nagari Sahakari Bank Gadchandur

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 Shri Kanyaka Nagari Sahakari Bank Gadchandur 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. 442808506 is the MICR code of Yes Bank for Shri Kanyaka Nagari Sahakari Bank Gadchandur branch. MICR code for Shri Kanyaka Nagari Sahakari Bank Gadchandur 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 Shri Kanyaka Nagari Sahakari Bank Gadchandur is presented in the table alongside.

Use of Yes Bank MICR code for Shri Kanyaka Nagari Sahakari Bank Gadchandur branch in gadchandur

The MICR code 442808506 is used in RBI cheque clearing process to identify the branch Shri Kanyaka Nagari Sahakari Bank Gadchandur 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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