Yes Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Yes Bank Indore Indore Madhya Pradesh

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Transport Coop Bank Transport Nagar
Contact Mr S K Goyal 07312363331
Bank Details Yes Bank Ltd Transport Coop Bank Transport Nagar YESB0TPBL01
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452014
Country IN
Address 94 s, sher singh transport nagar, indore - 452014
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 452286003 for Transport Coop Bank Transport Nagar 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 452286003 of Yes Bank, Transport Coop Bank Transport Nagar branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Transport Coop Bank Transport Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Transport Coop Bank Transport Nagar

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 Transport Coop Bank Transport Nagar 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. 452286003 is the MICR code of Yes Bank for Transport Coop Bank Transport Nagar branch. MICR code for Transport Coop Bank Transport Nagar 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 Transport Coop Bank Transport Nagar is presented in the table alongside.

Use of Yes Bank MICR code for Transport Coop Bank Transport Nagar branch in indore

The MICR code 452286003 is used in RBI cheque clearing process to identify the branch Transport Coop Bank Transport Nagar 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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