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 Lokvikas Nagari Sahakari Bank Ltd Padegaon branch in Aurangabad, Aurangabad, 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 YESB0LNSB13. 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, Lokvikas Nagari Sahakari Bank Ltd Padegaon, Aurangabad
The table below shows the main details of the IFSC Code YESB0LNSB13 for the Yes Bank branch in Aurangabad, which falls under the Aurangabad district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0LNSB13 |
| Branch | Lokvikas Nagari Sahakari Bank Ltd Padegaon |
| City | Aurangabad |
| District | Aurangabad |
| State | Maharashtra |
| Address | Gut No 42, Shop No 1 & 2, Peace Apartment, Nashik Road, Padegaon, Aurangabad-431002 |
These details are important not only for users using online banking but also for businesses and individuals who use Yes Bank in Aurangabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code YESB0LNSB13 for the Lokvikas Nagari Sahakari Bank Ltd Padegaon 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, including Yes Bank located in Lokvikas Nagari Sahakari Bank Ltd Padegaon, Aurangabad, Maharashtra, is provided with a unique IFSC like YESB0LNSB13 to ensure that online payments reach the right destination.
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 errors or confusions between multiple branches of the same bank across different places like Aurangabad and Aurangabad.
- 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Yes Bank in Lokvikas Nagari Sahakari Bank Ltd Padegaon do not get mixed with another location.
Format of the IFSC Code YESB0LNSB13
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 Lokvikas Nagari Sahakari Bank Ltd Padegaon in Aurangabad.
For example, the IFSC Code YESB0LNSB13 of Yes Bank for the Lokvikas Nagari Sahakari Bank Ltd Padegaon branch includes these elements, identifying the bank and the branch location in Aurangabad and Maharashtra accurately.
How to Find IFSC Code for Yes Bank?
If you are trying to find the IFSC Code YESB0LNSB13 of Yes Bank for its Lokvikas Nagari Sahakari Bank Ltd Padegaon branch located in Aurangabad, 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 Aurangabad and Aurangabad, 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 Lokvikas Nagari Sahakari Bank Ltd Padegaon or Aurangabad to get the exact IFSC Code YESB0LNSB13.
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 Aurangabad that will provide accurate information.
How to Use IFSC Code YESB0LNSB13 for Online Transfers?
If you have the IFSC Code YESB0LNSB13 for the Lokvikas Nagari Sahakari Bank Ltd Padegaon branch of Yes Bank in Aurangabad, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code YESB0LNSB13. 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 YESB0LNSB13.
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 Lokvikas Nagari Sahakari Bank Ltd Padegaon in Aurangabad, it may 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 Lokvikas Nagari Sahakari Bank Ltd Padegaon, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Aurangabad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0LNSB13.
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 Gut No 42, Shop No 1 & 2, Peace Apartment, Nashik Road, Padegaon, Aurangabad-431002 located in Aurangabad, Aurangabad, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.