Yes Bank Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Yes Bank Hyderabad Hyderabad Urban Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	500532001
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	Somajiguda Hyderabad
Contact	Contactus@yesbank.In
Bank Details	Yes Bank Ltd Somajiguda Hyderabad YESB0000006

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500082
Country	IN
Address	Somajiguda, mayank towers,survey no.31 (old),31/2 (new) raj bhavan road, somajiguda, hyderabad andhra pradesh 500 082

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 500532001 for Somajiguda Hyderabad 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 500532001 of Yes Bank, Somajiguda Hyderabad branch makes the system almost error free and faster. Use of Yes Bank MICR codes for Somajiguda Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Yes Bank Ltd are available with micr code -

>>Somajiguda Hyderabad

MICR code for Yes Bank Somajiguda Hyderabad

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 Somajiguda Hyderabad 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. 500532001 is the MICR code of Yes Bank for Somajiguda Hyderabad branch. MICR code for Somajiguda Hyderabad 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 Somajiguda Hyderabad is presented in the table alongside.

Use of Yes Bank MICR code for Somajiguda Hyderabad branch in hyderabad

The MICR code 500532001 is used in RBI cheque clearing process to identify the branch Somajiguda Hyderabad 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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