Yes Bank Osmanabad Osmanabad Maharashtra MICR CODE

Find MICR Codes for Yes Bank Osmanabad Osmanabad Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vasantdada Nagari Sahakari Bank Ltd
Contact 222032
Bank Details Yes Bank Ltd Vasantdada Nagari Sahakari Bank Ltd YESB0VDSB01
Location Osmanabad, Osmanabad
City Osmanabad
District Osmanabad
State Maharashtra
Pincode 413501
Country IN
Address Arth bhavan shivaji chowk osmanabad 413501
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 413875127 for Vasantdada Nagari Sahakari Bank Ltd 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 413875127 of Yes Bank, Vasantdada Nagari Sahakari Bank Ltd branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Vasantdada Nagari Sahakari Bank Ltd branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Vasantdada Nagari Sahakari Bank Ltd

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 Vasantdada Nagari Sahakari Bank Ltd 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. 413875127 is the MICR code of Yes Bank for Vasantdada Nagari Sahakari Bank Ltd branch. MICR code for Vasantdada Nagari Sahakari Bank Ltd 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 Vasantdada Nagari Sahakari Bank Ltd is presented in the table alongside.

Use of Yes Bank MICR code for Vasantdada Nagari Sahakari Bank Ltd branch in osmanabad

The MICR code 413875127 is used in RBI cheque clearing process to identify the branch Vasantdada Nagari Sahakari Bank Ltd 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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