For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Yes Bank for its Chikhli Urban Coop Bank Shegaon branch in Buldhana, Shegaon, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Yes Bank located in Buldhana or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0CCUB31. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Yes Bank, Chikhli Urban Coop Bank Shegaon, Buldhana
Below in the table are the key details related to IFSC Code YESB0CCUB31 of Yes Bank for its branch located in Buldhana, within the district of Shegaon in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0CCUB31 |
| Branch | Chikhli Urban Coop Bank Shegaon |
| City | Buldhana |
| District | Shegaon |
| State | Maharashtra |
| Address | Shivaji Chouk,Gajanan Maharaj Mandir Road,Shegaon-444203 |
These details help users in online banking and for businesses and individuals who use Yes Bank in Buldhana for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0CCUB31 for the Chikhli Urban Coop Bank Shegaon branch of Yes Bank has a very 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 Chikhli Urban Coop Bank Shegaon, Buldhana, Maharashtra, is provided with a unique IFSC like YESB0CCUB31 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Yes Bank branch in Buldhana.
- 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 Buldhana and Shegaon.
- 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 Chikhli Urban Coop Bank Shegaon do not get mixed with another location.
Format of the IFSC Code YESB0CCUB31
This is the format of the IFSC Code for banks, including Yes Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Yes Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Chikhli Urban Coop Bank Shegaon in Buldhana.
For example, the IFSC Code YESB0CCUB31 of Yes Bank for the Chikhli Urban Coop Bank Shegaon branch includes these elements, identifying the bank and the branch location in Buldhana and Maharashtra accurately.
How to Find IFSC Code for Yes Bank?
To find the IFSC Code YESB0CCUB31 of Yes Bank for its Chikhli Urban Coop Bank Shegaon branch located in Buldhana, 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 Buldhana and Shegaon, 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 Shegaon or Buldhana to find the exact IFSC Code YESB0CCUB31.
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 Buldhana will provide accurate information.
How to Use IFSC Code YESB0CCUB31 for Online Transfers?
If you have the IFSC Code YESB0CCUB31 for the Chikhli Urban Coop Bank Shegaon branch of Yes Bank in Buldhana, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code YESB0CCUB31. 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 YESB0CCUB31.
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 Chikhli Urban Coop Bank Shegaon in Buldhana, it may result in delayed or failed transactions.
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 Shegaon, 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 Buldhana manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0CCUB31.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Shivaji Chouk,Gajanan Maharaj Mandir Road,Shegaon-444203 located in Buldhana, Shegaon, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.