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IFSC Code of Yes Bank, Mizoram Coop Apex Bank Ltd Vaivakawn, Aizawl, Mizoram — YESB0MAB020

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Yes Bank for its Mizoram Coop Apex Bank Ltd Vaivakawn branch in Aizawl, Aizawl, Mizoram, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Yes Bank located in Aizawl or anywhere in Mizoram can transfer funds instantly by using the correct IFSC Code YESB0MAB020. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Yes Bank, Mizoram Coop Apex Bank Ltd Vaivakawn, Aizawl

Here are some of the key details that come with the IFSC Code YESB0MAB020 of Yes Bank for its branch located in Aizawl, within the district of Aizawl in the state of Mizoram.

Particulars Details
Bank Yes Bank
IFSC Code YESB0MAB020
Branch Mizoram Coop Apex Bank Ltd Vaivakawn
City Aizawl
District Aizawl
State Mizoram
Address Vaivakawn, Near Traffice Police Point, Aizawl 796009

These details are important not only for users using online banking but also for businesses and individuals who use Yes Bank in Aizawl for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code YESB0MAB020 for the Mizoram Coop Apex Bank Ltd Vaivakawn branch of Yes Bank is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Yes Bank located in Mizoram Coop Apex Bank Ltd Vaivakawn, Aizawl, Mizoram, are given a unique IFSC like YESB0MAB020 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Aizawl.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Aizawl and Aizawl.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Yes Bank in Mizoram Coop Apex Bank Ltd Vaivakawn goes to the correct branch. This is important because Yes Bank has thousands of branches in Mizoram and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code YESB0MAB020

The format of the IFSC Code for banks, including Yes Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Yes Bank, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Mizoram Coop Apex Bank Ltd Vaivakawn in Aizawl.

For example, the IFSC Code YESB0MAB020 of Yes Bank for the Mizoram Coop Apex Bank Ltd Vaivakawn branch includes these elements, identifying the bank and the branch location in Aizawl and Mizoram accurately.

How to Find IFSC Code for Yes Bank?

If you are looking for the IFSC Code YESB0MAB020 of Yes Bank for its Mizoram Coop Apex Bank Ltd Vaivakawn branch located in Aizawl, the following methods can help:

Cheque Book

The cheque book that is issued by Yes Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Yes Bank branches in Aizawl and Aizawl, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Yes Bank and look for the branch locator section, then search for Mizoram Coop Apex Bank Ltd Vaivakawn or Aizawl to get the exact IFSC Code YESB0MAB020.

Mobile Banking App

If you use Yes Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Yes Bank and Aizawl, then it will provide you proper information.

How to Use IFSC Code YESB0MAB020 for Online Transfers?

If you have the IFSC Code YESB0MAB020 for the Mizoram Coop Apex Bank Ltd Vaivakawn branch of Yes Bank in Aizawl, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code YESB0MAB020. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Asks for the recipient's account details and Yes Bank IFSC Code YESB0MAB020.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Yes Bank Mizoram Coop Apex Bank Ltd Vaivakawn in Aizawl, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Yes Bank in Mizoram Coop Apex Bank Ltd Vaivakawn, here are some of the ways you can get it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Yes Bank website.
  • Search the RBI portal.

Knowing both IFSC and MICR code can help account holders in Aizawl manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Yes Bank in Mizoram Coop Apex Bank Ltd Vaivakawn, Aizawl?

The IFSC Code is YESB0MAB020.

Is the IFSC Code YESB0MAB020 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Yes Bank Mizoram Coop Apex Bank Ltd Vaivakawn?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Mizoram Coop Apex Bank Ltd Vaivakawn branch?

The address of the branch is Vaivakawn, Near Traffice Police Point, Aizawl 796009 located in Aizawl, Aizawl, Mizoram.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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