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 Akola Urban Coop Bank Telhara branch in Akola, Telhara, Maharashtra, 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 Akola or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0AUB013. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Yes Bank, Akola Urban Coop Bank Telhara, Akola

Here are the main details that are associated with the IFSC Code YESB0AUB013 of Yes Bank for its branch located in Akola, within the district of Telhara in the state of Maharashtra.

Particulars Details
Bank Yes Bank
IFSC Code YESB0AUB013
Branch Akola Urban Coop Bank Telhara
City Akola
District Telhara
State Maharashtra
Address Main Road, Telhara 444108

These details are crucial, not just for online banking users but also for businesses and individuals who use Yes Bank in Akola for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0AUB013 for the Akola Urban Coop Bank Telhara 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 that is provided by the Reserve Bank of India. A unique IFSC like YESB0AUB013 is given to every bank branch, including Yes Bank located in Akola Urban Coop Bank Telhara, Akola, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Yes Bank branch in Akola.
  • 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 Akola and Telhara.
  • 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 Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Yes Bank in Akola Urban Coop Bank Telhara doesn't end up at another location.

Format of the IFSC Code YESB0AUB013

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): These represent the bank code. In Yes Bank, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Akola Urban Coop Bank Telhara in Akola.

For example, the IFSC Code YESB0AUB013 of Yes Bank for the Akola Urban Coop Bank Telhara branch has these elements, identifying the bank and the branch location in Akola and Maharashtra correctly.

How to Find IFSC Code for Yes Bank?

To find the IFSC Code YESB0AUB013 of Yes Bank for its Akola Urban Coop Bank Telhara branch located in Akola, the following methods can help you out:

Cheque Book

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

Passbook

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

Bank Website

Visit the official website of Yes Bank and go to the branch locator section. Then search for Akola Urban Coop Bank Telhara or Akola to find the exact IFSC Code YESB0AUB013.

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 maintains an updated database of all IFSC codes. Searching for Yes Bank and Akola will provide accurate information.

How to Use IFSC Code YESB0AUB013 for Online Transfers?

Once you have the IFSC Code YESB0AUB013 for the Akola Urban Coop Bank Telhara branch of Yes Bank in Akola, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code YESB0AUB013. 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 YESB0AUB013.

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 Akola Urban Coop Bank Telhara in Akola, 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 Akola Urban Coop Bank Telhara, 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 Akola to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Yes Bank in Akola Urban Coop Bank Telhara, Akola?

The IFSC Code is YESB0AUB013.

Is the IFSC Code YESB0AUB013 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Yes Bank Akola Urban Coop Bank Telhara?

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

What is the full address of the Akola Urban Coop Bank Telhara branch?

The address of the branch is Main Road, Telhara 444108 located in Akola, Telhara, Maharashtra.

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.