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 Bundi branch in Bundi, Bundi, Rajasthan, 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 Bundi or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code YESB0001170. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Yes Bank, Bundi, Bundi

Here are the key points that are associated with the IFSC Code YESB0001170 of Yes Bank for its branch located in Bundi, within the district of Bundi in the state of Rajasthan.

Particulars Details
Bank Yes Bank
IFSC Code YESB0001170
Branch Bundi
City Bundi
District Bundi
State Rajasthan
Address Ground Floor, Plot No 1 To 6, Narayan Plaza, Lanka Gate Road, Bundi, Rajasthan - 323001

These details are important not only for users using online banking but also for businesses and individuals who use Yes Bank in Bundi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code YESB0001170 for the Bundi branch of Yes Bank is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Yes Bank located in Bundi, Bundi, Rajasthan, is provided a unique IFSC like YESB0001170 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Yes Bank branch in Bundi.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Bundi and Bundi.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Rajasthan and the rest of India, the IFSC Code ensures that transactions meant for Yes Bank in Bundi do not get misguided to another person.

Format of the IFSC Code YESB0001170

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 Bundi in Bundi.

For example, the IFSC Code YESB0001170 of Yes Bank for the Bundi branch has these elements, identifying the bank and the branch location in Bundi and Rajasthan correctly.

How to Find IFSC Code for Yes Bank?

To find the IFSC Code YESB0001170 of Yes Bank for its Bundi branch located in Bundi, 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 Bundi and Bundi, 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 Bundi or Bundi to find the exact IFSC Code YESB0001170.

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 Bundi will provide accurate information.

How to Use IFSC Code YESB0001170 for Online Transfers?

Once you have the IFSC Code YESB0001170 for the Bundi branch of Yes Bank in Bundi, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code YESB0001170. 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 YESB0001170.

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

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 Bundi, 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 Bundi manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Yes Bank in Bundi, Bundi?

The IFSC Code is YESB0001170.

Is the IFSC Code YESB0001170 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 Bundi?

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 Bundi branch?

The address of the branch is Ground Floor, Plot No 1 To 6, Narayan Plaza, Lanka Gate Road, Bundi, Rajasthan - 323001 located in Bundi, Bundi, Rajasthan.

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.