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 New Sectt 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 YESB0MAB016. 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 New Sectt, Aizawl
Below in the table are the key details related to IFSC Code YESB0MAB016 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 | YESB0MAB016 |
| Branch | Mizoram Coop Apex Bank New Sectt |
| City | Aizawl |
| District | Aizawl |
| State | Mizoram |
| Address | New Secretariat Complex Aizawl 796001 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Yes Bank in Aizawl for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0MAB016 for the Mizoram Coop Apex Bank New Sectt branch of Yes Bank has an important role.
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, including Yes Bank located in Mizoram Coop Apex Bank New Sectt, Aizawl, Mizoram, is provided with a unique IFSC like YESB0MAB016 to ensure that online payments reach the right destination.
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 errors or confusions between multiple branches of the same bank across different places like Aizawl and Aizawl.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Mizoram and the rest of India and the IFSC Code ensures that transactions meant for Yes Bank in Mizoram Coop Apex Bank New Sectt do not get mixed with another location.
Format of the IFSC Code YESB0MAB016
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 Sectt in Aizawl.
For example, the IFSC Code YESB0MAB016 of Yes Bank for the Mizoram Coop Apex Bank New Sectt 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 YESB0MAB016 of Yes Bank for its Mizoram Coop Apex Bank New Sectt branch located in Aizawl, the following methods can help:
Cheque Book
The cheque book issued by Yes Bank includes the IFSC Code printed on each cheque leaf which you can easily spot 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 your passbook.
Bank Website
Visit the official website of Yes Bank and navigate to the branch locator section. Search for Mizoram Coop Apex Bank New Sectt or Aizawl to get the exact IFSC Code YESB0MAB016.
Mobile Banking App
If you use Yes Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Yes Bank and Aizawl, you'll get the correct details.
How to Use IFSC Code YESB0MAB016 for Online Transfers?
Once you have the IFSC Code YESB0MAB016 for the Mizoram Coop Apex Bank New Sectt branch of Yes Bank in Aizawl, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code YESB0MAB016. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Yes Bank IFSC Code YESB0MAB016.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Mizoram Coop Apex Bank New Sectt in Aizawl, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Yes Bank in Mizoram Coop Apex Bank New Sectt, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Yes Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Aizawl manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0MAB016.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is New Secretariat Complex Aizawl 796001 located in Aizawl, Aizawl, Mizoram.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.