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 Juhu, Mumbai branch in Greater Bombay, Mumbai, 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 Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0000163. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Yes Bank, Juhu, Mumbai, Greater Bombay
Below in the table are the key details related to IFSC Code YESB0000163 of Yes Bank for its branch located in Greater Bombay, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0000163 |
| Branch | Juhu, Mumbai |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Duru Kripa, Plot No 3,, Nutan Laxmi Chs Ltd,J.V.P.D. Scheme, Road No 10, Vile Parle (W),, Mumbai, Maharashtra-400049 |
These details helps users in online banking and for businesses and individuals who use Yes Bank in Greater Bombay for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0000163 for the Juhu, Mumbai branch of Yes Bank plays a vital 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 YESB0000163 is given to every bank branch, including Yes Bank located in Juhu, Mumbai, Greater Bombay, 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 Greater Bombay.
- 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 Greater Bombay and Mumbai.
- 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 Juhu, Mumbai doesn't end up at another location.
Format of the IFSC Code YESB0000163
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 Juhu, Mumbai in Greater Bombay.
For example, the IFSC Code YESB0000163 of Yes Bank for the Juhu, Mumbai branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra accurately.
How to Find IFSC Code for Yes Bank?
To find the IFSC Code YESB0000163 of Yes Bank for its Juhu, Mumbai branch located in Greater Bombay, 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 Greater Bombay and Mumbai, 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 Juhu, Mumbai or Greater Bombay to find the exact IFSC Code YESB0000163.
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 Greater Bombay will provide accurate information.
How to Use IFSC Code YESB0000163 for Online Transfers?
Once you have the IFSC Code YESB0000163 for the Juhu, Mumbai branch of Yes Bank in Greater Bombay, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code YESB0000163. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 YESB0000163.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Juhu, Mumbai in Greater Bombay, your payment can get delayed or might not go through at all.
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 Juhu, Mumbai, 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 Greater Bombay manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0000163.
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 Duru Kripa, Plot No 3,, Nutan Laxmi Chs Ltd,J.V.P.D. Scheme, Road No 10, Vile Parle (W),, Mumbai, Maharashtra-400049 located in Greater Bombay, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.