Yes Bank Bhavnagar Bhavnagar Gujarat MICR CODE

Find MICR Codes for Yes Bank Bhavnagar Bhavnagar Gujarat

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sihor Mercantile Coop Bank Kalanala
Contact 2436560
Bank Details Yes Bank Ltd Sihor Mercantile Coop Bank Kalanala YESB0SIMC44
Location Bhavnagar, Bhavnagar
City Bhavnagar
District Bhavnagar
State Gujarat
Pincode 364002
Country IN
Address G9 radheshyam complex vaghawadi road bhavnagar 364002
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 364803001 for Sihor Mercantile Coop Bank Kalanala 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 364803001 of Yes Bank, Sihor Mercantile Coop Bank Kalanala branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Sihor Mercantile Coop Bank Kalanala branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Sihor Mercantile Coop Bank Kalanala

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 Sihor Mercantile Coop Bank Kalanala 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. 364803001 is the MICR code of Yes Bank for Sihor Mercantile Coop Bank Kalanala branch. MICR code for Sihor Mercantile Coop Bank Kalanala 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 Sihor Mercantile Coop Bank Kalanala is presented in the table alongside.

Use of Yes Bank MICR code for Sihor Mercantile Coop Bank Kalanala branch in bhavnagar

The MICR code 364803001 is used in RBI cheque clearing process to identify the branch Sihor Mercantile Coop Bank Kalanala 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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