Yes Bank Virar Thane Maharashtra MICR CODE

Find MICR Codes for Yes Bank Virar Thane Maharashtra

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Virar Naringi
Contact 91-9594883533
Bank Details Yes Bank Ltd Virar Naringi YESB0UNTY38
Location Virar, Thane
City Virar
District Thane
State Maharashtra
Pincode 401305
Country IN
Address Makwana commercial complex,veer savarkar marg,narangi phata,village -naringi,virar( e ) thane - 401305
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 0 for Virar Naringi 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 0 of Yes Bank, Virar Naringi branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Virar Naringi 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 -

>>Virar Branch >>Virar Naringi

MICR code for Yes Bank Virar Naringi

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 Virar Naringi 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. 0 is the MICR code of Yes Bank for Virar Naringi branch. MICR code for Virar Naringi 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 Virar Naringi is presented in the table alongside.

Use of Yes Bank MICR code for Virar Naringi branch in virar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Virar Naringi 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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