Yes Bank Pernem North Goa Goa MICR CODE

Find MICR Codes for Yes Bank Pernem 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 Korgao
Contact Mr. Satish Bagwe, (0832) 2241182
Bank Details Yes Bank Ltd The Goa State Coop Bank Korgao YESB0GSCB27
Location Pernem, North Goa
City Pernem
District North Goa
State Goa
Pincode 403512
Country IN
Address Korgao, pednem, goa - 403512
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 403415018 for The Goa State Coop Bank Korgao 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 403415018 of Yes Bank, The Goa State Coop Bank Korgao branch makes the system almost error free and faster. Use of Yes Bank MICR codes for The Goa State Coop Bank Korgao 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 Korgao

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 Korgao 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. 403415018 is the MICR code of Yes Bank for The Goa State Coop Bank Korgao branch. MICR code for The Goa State Coop Bank Korgao 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 Korgao is presented in the table alongside.

Use of Yes Bank MICR code for The Goa State Coop Bank Korgao branch in pernem

The MICR code 403415018 is used in RBI cheque clearing process to identify the branch The Goa State Coop Bank Korgao 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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