Yes Bank The Gayatri Cooperative Urban Bank LTD
The Gayatri Cooperative Urban Bank LTD · Nalgonda, Telangana
508861704 is the MICR code for the The Gayatri Cooperative Urban Bank LTD branch of Yes Bank, located in Nalgonda, Telangana. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code YESB0YLNS02.
Bank
Yes Bank
Branch & Address
The Gayatri Cooperative Urban Bank LTD
14-121, Near Apsrtc Bus Stand, Alair, Nalgonda - 508101
Nalgonda, Aler, Telangana
Contact
+919885258046MICR Code Structure
508
City
861
Bank
704
Branch
City code 508 identifies the RBI clearing centre, bank code 861 identifies Yes Bank, and branch code 704 identifies this specific branch.
Online Payment Methods Supported
Other Yes Bank branches near Nalgonda
Other banks in Nalgonda, Telangana
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (YESB0YLNS02) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 508861704 is in the middle, and your account number is on the right.