Yes Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Yes Bank Indore Indore Madhya Pradesh

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MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch
Contact 731-2997500
Bank Details Yes Bank Ltd Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch YESB0ICMB07
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452001
Country IN
Address 332, devi ahilya new cloth market kesharbag road, indore
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 Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch 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, Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch

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 Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch 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 Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch branch. MICR code for Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch 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 Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch is presented in the table alongside.

Use of Yes Bank MICR code for Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch branch in indore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Indore Cloth Market Coop Bank Ltd Devi Ahilya New Cloth Market Branch 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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