Yes Bank Gurgaon Gurgaon Haryana MICR CODE

Find MICR Codes for Yes Bank Gurgaon Gurgaon Haryana

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vatika City Point
Contact
Bank Details Yes Bank Ltd Vatika City Point YESB0000240
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 122001
Country IN
Address Unit no 3 vatika city point mg road gurgaon haryana 122001
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 110532053 for Vatika City Point 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 110532053 of Yes Bank, Vatika City Point branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Vatika City Point branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Vatika City Point

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 Vatika City Point 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. 110532053 is the MICR code of Yes Bank for Vatika City Point branch. MICR code for Vatika City Point 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 Vatika City Point is presented in the table alongside.

Use of Yes Bank MICR code for Vatika City Point branch in gurgaon

The MICR code 110532053 is used in RBI cheque clearing process to identify the branch Vatika City Point 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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