Yes Bank Patna Patna Bihar MICR CODE

Find MICR Codes for Yes Bank Patna Patna Bihar

MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Boring Canal Road
Contact 2521139
Bank Details Yes Bank Ltd Boring Canal Road YESB0000620
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 800001
Country IN
Address Shop no. 3,4 on lower gr floor, shop no. 5,6,7,8 on upper gr floor, shree ram palace, boring canal road patna bihar 800001
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 800532003 for Boring Canal Road 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 800532003 of Yes Bank, Boring Canal Road branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Boring Canal Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Boring Canal Road

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 Boring Canal Road 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. 800532003 is the MICR code of Yes Bank for Boring Canal Road branch. MICR code for Boring Canal Road 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 Boring Canal Road is presented in the table alongside.

Use of Yes Bank MICR code for Boring Canal Road branch in patna

The MICR code 800532003 is used in RBI cheque clearing process to identify the branch Boring Canal Road 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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