Yes Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Yes Bank Bhopal Bhopal Madhya Pradesh

MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indirapuri
Contact
Bank Details Yes Bank Ltd Indirapuri YESB0001167
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462021
Country IN
Address Part gr flr,31/a, raisen road, indirapuri, bhopal, madhya pradesh-462021.
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 Indirapuri 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, Indirapuri branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Indirapuri branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Indirapuri

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 Indirapuri 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 Indirapuri branch. MICR code for Indirapuri 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 Indirapuri is presented in the table alongside.

Use of Yes Bank MICR code for Indirapuri branch in bhopal

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