Yes Bank Simla Simla Himachal Pradesh MICR CODE

Find MICR Codes for Yes Bank Simla Simla Himachal Pradesh

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch The Hp State Coop Bank Boileugang
Contact 1772651051
Bank Details Yes Bank Ltd The Hp State Coop Bank Boileugang YESB0HPB461
Location Simla, Simla
City Simla
District Simla
State Himachal Pradesh
Pincode 171005
Country IN
Address Po summerhill shimla 171005
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 171311051 for The Hp State Coop Bank Boileugang 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 171311051 of Yes Bank, The Hp State Coop Bank Boileugang branch makes the system almost error free and faster. Use of Yes Bank MICR codes for The Hp State Coop Bank Boileugang branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank The Hp State Coop Bank Boileugang

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 Hp State Coop Bank Boileugang 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. 171311051 is the MICR code of Yes Bank for The Hp State Coop Bank Boileugang branch. MICR code for The Hp State Coop Bank Boileugang 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 Hp State Coop Bank Boileugang is presented in the table alongside.

Use of Yes Bank MICR code for The Hp State Coop Bank Boileugang branch in simla

The MICR code 171311051 is used in RBI cheque clearing process to identify the branch The Hp State Coop Bank Boileugang 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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