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 The Satara Sahakari Bank Ghatkopar branch in Greater Bombay, Mumbai, 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 Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0TSSB04. 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, The Satara Sahakari Bank Ghatkopar, Greater Bombay
Here are some of the key details that come with the IFSC Code YESB0TSSB04 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 | YESB0TSSB04 |
| Branch | The Satara Sahakari Bank Ghatkopar |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Purushottam Coop Hsg Soc Ltd, 1St Flr, Plot 65, Sant Narshi Mehta Marg, Ghatkopar West Mumbai 400086 |
These details are important not only for users using online banking but also for businesses and individuals who use Yes Bank in Greater Bombay for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code YESB0TSSB04 for the The Satara Sahakari Bank Ghatkopar 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 that is provided by the Reserve Bank of India. A unique IFSC like YESB0TSSB04 is given to every bank branch, including Yes Bank located in The Satara Sahakari Bank Ghatkopar, 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 The Satara Sahakari Bank Ghatkopar doesn't end up at another location.
Format of the IFSC Code YESB0TSSB04
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 The Satara Sahakari Bank Ghatkopar in Greater Bombay.
For example, the IFSC Code YESB0TSSB04 of Yes Bank for the The Satara Sahakari Bank Ghatkopar branch has these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra correctly.
How to Find IFSC Code for Yes Bank?
If you are trying to find the IFSC Code YESB0TSSB04 of Yes Bank for its The Satara Sahakari Bank Ghatkopar branch located in Greater Bombay, the following methods can help:
Cheque Book
The cheque book issued by Yes Bank includes the IFSC Code printed on each cheque leaf which you can easily spot 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 your passbook.
Bank Website
Visit the official website of Yes Bank and navigate to the branch locator section. Search for The Satara Sahakari Bank Ghatkopar or Greater Bombay to get the exact IFSC Code YESB0TSSB04.
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 keeps an updated list of all IFSC codes. If you search for Yes Bank and Greater Bombay, you'll get the correct details.
How to Use IFSC Code YESB0TSSB04 for Online Transfers?
If you have the IFSC Code YESB0TSSB04 for the The Satara Sahakari Bank Ghatkopar branch of Yes Bank in Greater Bombay, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code YESB0TSSB04. 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 YESB0TSSB04.
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 The Satara Sahakari Bank Ghatkopar in Greater Bombay, 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 The Satara Sahakari Bank Ghatkopar, 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 Greater Bombay manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the The Satara Sahakari Bank Ghatkopar Greater Bombay branch is YESB0TSSB04.
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 Purushottam Coop Hsg Soc Ltd, 1St Flr, Plot 65, Sant Narshi Mehta Marg, Ghatkopar West Mumbai 400086.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.