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Yes Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Yes Bank Chennai Chennai Tamil Nadu

MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Muggappair East Chennai
Contact 18002000
Bank Details Yes Bank Ltd Muggappair East Chennai YESB0000628
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600037
Country IN
Address Ground flr,412,thiruvalluvar salai,panneer nagar main road,mugappair east,chennai,tamil nadu,600037
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 600532010 for Muggappair East Chennai 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 600532010 of Yes Bank, Muggappair East Chennai branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Muggappair East Chennai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Muggappair East Chennai

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 Muggappair East Chennai 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. 600532010 is the MICR code of Yes Bank for Muggappair East Chennai branch. MICR code for Muggappair East Chennai 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 Muggappair East Chennai is presented in the table alongside.

Use of Yes Bank MICR code for Muggappair East Chennai branch in chennai

The MICR code 600532010 is used in RBI cheque clearing process to identify the branch Muggappair East Chennai 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.