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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Yes Bank for its Chikhli Urban Coop Bank Shivna branch in Aurangabad, Shivna, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Yes Bank located in Aurangabad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0CCUB27. 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, Chikhli Urban Coop Bank Shivna, Aurangabad

Below in the table are the key details related to IFSC Code YESB0CCUB27 of Yes Bank for its branch located in Aurangabad, within the district of Shivna in the state of Maharashtra.

Particulars Details
Bank Yes Bank
IFSC Code YESB0CCUB27
Branch Chikhli Urban Coop Bank Shivna
City Aurangabad
District Shivna
State Maharashtra
Address Shivaji Chouk, Opp. Bus Stand Pin 431132

These details are essential not only for online banking users but also for businesses and individuals who use Yes Bank in Aurangabad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0CCUB27 for the Chikhli Urban Coop Bank Shivna branch of Yes Bank plays 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 YESB0CCUB27 is given to every bank branch, including Yes Bank located in Chikhli Urban Coop Bank Shivna, Aurangabad, 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 Aurangabad.
  • 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 Aurangabad and Shivna.
  • 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 Chikhli Urban Coop Bank Shivna doesn't end up at another location.

Format of the IFSC Code YESB0CCUB27

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 Chikhli Urban Coop Bank Shivna in Aurangabad.

For example, the IFSC Code YESB0CCUB27 of Yes Bank for the Chikhli Urban Coop Bank Shivna branch has these elements, identifying the bank and the branch location in Aurangabad and Maharashtra correctly.

How to Find IFSC Code for Yes Bank?

To find the IFSC Code YESB0CCUB27 of Yes Bank for its Chikhli Urban Coop Bank Shivna branch located in Aurangabad, 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 Aurangabad and Shivna, 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 Chikhli Urban Coop Bank Shivna or Aurangabad to find the exact IFSC Code YESB0CCUB27.

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 Aurangabad will provide accurate information.

How to Use IFSC Code YESB0CCUB27 for Online Transfers?

Once you have the IFSC Code YESB0CCUB27 for the Chikhli Urban Coop Bank Shivna branch of Yes Bank in Aurangabad, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code YESB0CCUB27. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Yes Bank IFSC Code YESB0CCUB27.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Chikhli Urban Coop Bank Shivna in Aurangabad, your payment can get delayed or might not go through at all.

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 Chikhli Urban Coop Bank Shivna, 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 Aurangabad manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Yes Bank in Chikhli Urban Coop Bank Shivna, Aurangabad?

The IFSC Code is YESB0CCUB27.

Is the IFSC Code YESB0CCUB27 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 Chikhli Urban Coop Bank Shivna?

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 Chikhli Urban Coop Bank Shivna branch?

The address of the branch is Shivaji Chouk, Opp. Bus Stand Pin 431132 located in Aurangabad, Shivna, 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.