Yes Bank Ponda North Goa Goa MICR CODE

Find MICR Codes for Yes Bank Ponda North Goa Goa

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch The Goa State Coop Bank Adpoidurbht
Contact Mr. Sudam Naik, (0832) 2325263
Bank Details Yes Bank Ltd The Goa State Coop Bank Adpoidurbht YESB0GSCB24
Location Ponda, North Goa
City Ponda
District North Goa
State Goa
Pincode 403401
Country IN
Address Sahakar - graha, adpoi - durbhat, ponda, goa - 403401
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 406415017 for The Goa State Coop Bank Adpoidurbht 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 406415017 of Yes Bank, The Goa State Coop Bank Adpoidurbht branch makes the system almost error free and faster. Use of Yes Bank MICR codes for The Goa State Coop Bank Adpoidurbht branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank The Goa State Coop Bank Adpoidurbht

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 The Goa State Coop Bank Adpoidurbht 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. 406415017 is the MICR code of Yes Bank for The Goa State Coop Bank Adpoidurbht branch. MICR code for The Goa State Coop Bank Adpoidurbht 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 The Goa State Coop Bank Adpoidurbht is presented in the table alongside.

Use of Yes Bank MICR code for The Goa State Coop Bank Adpoidurbht branch in ponda

The MICR code 406415017 is used in RBI cheque clearing process to identify the branch The Goa State Coop Bank Adpoidurbht 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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