Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Yes Bank for its Mizoram Coop Apex Bank New Market branch in Aizawl, Aizawl, or Mizoram, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Yes Bank located in Aizawl or anywhere in Mizoram can transfer funds instantly by using the correct IFSC Code YESB0MAB004. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Yes Bank, Mizoram Coop Apex Bank New Market, Aizawl
The table below shows the main details of the IFSC Code YESB0MAB004 for the Yes Bank branch in Aizawl, which falls under the Aizawl district in Mizoram.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0MAB004 |
| Branch | Mizoram Coop Apex Bank New Market |
| City | Aizawl |
| District | Aizawl |
| State | Mizoram |
| Address | New Market, Mizoram 796001 |
These details helps users in online banking and for businesses and individuals who use Yes Bank in Aizawl for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0MAB004 for the Mizoram Coop Apex Bank New Market branch of Yes Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like YESB0MAB004 is given to every bank branch, including Yes Bank located in Mizoram Coop Apex Bank New Market, Aizawl, Mizoram, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Yes Bank branch in Aizawl.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Aizawl and Aizawl.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Mizoram and the rest of India, which is why the IFSC Code ensures that transactions meant for Yes Bank in Mizoram Coop Apex Bank New Market doesn't end up at another location.
Format of the IFSC Code YESB0MAB004
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 New Market in Aizawl.
For example, the IFSC Code YESB0MAB004 of Yes Bank for the Mizoram Coop Apex Bank New Market 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 trying to find the IFSC Code YESB0MAB004 of Yes Bank for its Mizoram Coop Apex Bank New Market branch located in Aizawl, the following methods can help:
Cheque Book
The cheque books that are issued by Yes Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Yes Bank branches in Aizawl and Aizawl, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Yes Bank and find the branch locator section. Search for Mizoram Coop Apex Bank New Market or Aizawl to get the exact IFSC Code YESB0MAB004.
Mobile Banking App
If you use Yes Bank's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Yes Bank and Aizawl that will provide accurate information.
How to Use IFSC Code YESB0MAB004 for Online Transfers?
Once you have the IFSC Code YESB0MAB004 for the Mizoram Coop Apex Bank New Market branch of Yes Bank in Aizawl, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code YESB0MAB004. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Yes Bank IFSC Code YESB0MAB004.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Yes Bank Mizoram Coop Apex Bank New Market in Aizawl, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Yes Bank in Mizoram Coop Apex Bank New Market, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Aizawl to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0MAB004.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is New Market, Mizoram 796001 located in Aizawl, Aizawl, Mizoram.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.