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Yes Bank Gurgaon Gurgaon Haryana MICR CODE

Find MICR Codes for Yes Bank Gurgaon Gurgaon Haryana

MICR Code
Bank Yes Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sec 31 Gurgaon
Contact
Bank Details Yes Bank Ltd Sec 31 Gurgaon YESB0000260
Location Gurgaon, Gurgaon
City Gurgaon
District Gurgaon
State Haryana
Pincode 132001
Country IN
Address Ground and basement floor, sco/f38 sector 31 shopping complex, huda complex gurgaon haryana 132001
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 110532054 for Sec 31 Gurgaon 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 110532054 of Yes Bank, Sec 31 Gurgaon branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Sec 31 Gurgaon branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Yes Bank Sec 31 Gurgaon

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 Sec 31 Gurgaon 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. 110532054 is the MICR code of Yes Bank for Sec 31 Gurgaon branch. MICR code for Sec 31 Gurgaon 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 Sec 31 Gurgaon is presented in the table alongside.

Use of Yes Bank MICR code for Sec 31 Gurgaon branch in gurgaon

The MICR code 110532054 is used in RBI cheque clearing process to identify the branch Sec 31 Gurgaon 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.