Yes Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Yes Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sind Coop Urban Bank Koti
Contact 4024612234
Bank Details Yes Bank Ltd Sind Coop Urban Bank Koti YESB0SIND02
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500001
Country IN
Address 5-1-753 to 756 haridas market bank street koti 500001
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 50064255 for Sind Coop Urban Bank Koti 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 50064255 of Yes Bank, Sind Coop Urban Bank Koti branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Sind Coop Urban Bank Koti branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Sind Coop Urban Bank Koti

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 Sind Coop Urban Bank Koti 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. 50064255 is the MICR code of Yes Bank for Sind Coop Urban Bank Koti branch. MICR code for Sind Coop Urban Bank Koti 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 Sind Coop Urban Bank Koti is presented in the table alongside.

Use of Yes Bank MICR code for Sind Coop Urban Bank Koti branch in hyderabad

The MICR code 50064255 is used in RBI cheque clearing process to identify the branch Sind Coop Urban Bank Koti 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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