Yes Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Yes Bank Indore Indore Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	452284004
Bank	Yes Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Paraspar Sahayak Coop Bank Gmn
Contact	Mr. Mohan Dixit - 9893492473
Bank Details	Yes Bank Ltd Paraspar Sahayak Coop Bank Gmn YESB0PSCB03

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452009
Country	IN
Address	257 usha nagar, indore - 452009

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.

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Paraspar Sahayak Coop Bank Gmn (452284004)

How does MICR code 452284004 for Paraspar Sahayak Coop Bank Gmn 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 452284004 of Yes Bank, Paraspar Sahayak Coop Bank Gmn branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Paraspar Sahayak Coop Bank Gmn branch, makes the characters readable even if there are other marks and stamps on it.

A total of 42 branches of Yes Bank Ltd are available with micr code -

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MICR code for Yes Bank Paraspar Sahayak Coop Bank Gmn

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 Paraspar Sahayak Coop Bank Gmn 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. 452284004 is the MICR code of Yes Bank for Paraspar Sahayak Coop Bank Gmn branch. MICR code for Paraspar Sahayak Coop Bank Gmn 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 Paraspar Sahayak Coop Bank Gmn is presented in the table alongside.

Use of Yes Bank MICR code for Paraspar Sahayak Coop Bank Gmn branch in indore

The MICR code 452284004 is used in RBI cheque clearing process to identify the branch Paraspar Sahayak Coop Bank Gmn 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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