Yes Bank Navi Mumbai Thane Maharashtra MICR CODE

Find MICR Codes for Yes Bank Navi Mumbai Thane Maharashtra

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MICR Code	400532070
Bank	Yes Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vashi Sector Twenty Eight
Contact	18002000
Bank Details	Yes Bank Ltd Vashi Sector Twenty Eight YESB0000922

Location	Navi Mumbai, Thane
City	Navi Mumbai
District	Thane
State	Maharashtra
Pincode	400705
Country	IN
Address	Gr flr,shop no.1,a wing,alfa apartment,plot no.26/27,sector 28,vashi,navi mumbai,400705

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 400532070 for Vashi Sector Twenty Eight 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 400532070 of Yes Bank, Vashi Sector Twenty Eight branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Vashi Sector Twenty Eight branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Yes Bank Ltd are available with micr code -

>>Mahape Navi Mumbai >>Vashi Sector Twenty Eight

MICR code for Yes Bank Vashi Sector Twenty Eight

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 Vashi Sector Twenty Eight 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. 400532070 is the MICR code of Yes Bank for Vashi Sector Twenty Eight branch. MICR code for Vashi Sector Twenty Eight 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 Vashi Sector Twenty Eight is presented in the table alongside.

Use of Yes Bank MICR code for Vashi Sector Twenty Eight branch in navi mumbai

The MICR code 400532070 is used in RBI cheque clearing process to identify the branch Vashi Sector Twenty Eight 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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