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 Gandhibagh Sahakari Bank Chandrapur branch in Chandrapur, Chandrapur, 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 Chandrapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0GSB008. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Yes Bank, Gandhibagh Sahakari Bank Chandrapur, Chandrapur
Here are the main details that are associated with the IFSC Code YESB0GSB008 of Yes Bank for its branch located in Chandrapur, within the district of Chandrapur in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0GSB008 |
| Branch | Gandhibagh Sahakari Bank Chandrapur |
| City | Chandrapur |
| District | Chandrapur |
| State | Maharashtra |
| Address | Near Abhay Talkies Bhanapeth Chandrapur 442401 |
These details are important not only for users using online banking but also for businesses and individuals who use Yes Bank in Chandrapur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code YESB0GSB008 for the Gandhibagh Sahakari Bank Chandrapur 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, along with Yes Bank located in Gandhibagh Sahakari Bank Chandrapur, Chandrapur, Maharashtra, are allotted a unique IFSC like YESB0GSB008 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Chandrapur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Chandrapur and Chandrapur.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Yes Bank in Gandhibagh Sahakari Bank Chandrapur reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code YESB0GSB008
The format of the IFSC Code for banks, including Yes Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Yes Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Gandhibagh Sahakari Bank Chandrapur in Chandrapur.
For example, the IFSC Code YESB0GSB008 of Yes Bank for the Gandhibagh Sahakari Bank Chandrapur branch includes these elements, identifying the bank and the branch location in Chandrapur and Maharashtra accurately.
How to Find IFSC Code for Yes Bank?
If you are looking for the IFSC Code YESB0GSB008 of Yes Bank for its Gandhibagh Sahakari Bank Chandrapur branch located in Chandrapur, the following methods can help:
Cheque Book
The cheque book that is issued by Yes Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Yes Bank branches in Chandrapur and Chandrapur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Yes Bank and look for the branch locator section, then search for Gandhibagh Sahakari Bank Chandrapur or Chandrapur to get the exact IFSC Code YESB0GSB008.
Mobile Banking App
If you use Yes Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Yes Bank and Chandrapur, then it will provide you proper information.
How to Use IFSC Code YESB0GSB008 for Online Transfers?
Once you have the IFSC Code YESB0GSB008 for the Gandhibagh Sahakari Bank Chandrapur branch of Yes Bank in Chandrapur, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code YESB0GSB008. Transfers are processed in batches. This is 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. Requires the recipient's account details and Yes Bank IFSC Code YESB0GSB008.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Yes Bank Gandhibagh Sahakari Bank Chandrapur in Chandrapur may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Yes Bank in Gandhibagh Sahakari Bank Chandrapur, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Yes Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Chandrapur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Gandhibagh Sahakari Bank Chandrapur Chandrapur branch is YESB0GSB008.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Near Abhay Talkies Bhanapeth Chandrapur 442401.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.