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 The Satara Sahakari Bank Kumbharwda 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 YESB0TSSB05. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Yes Bank, The Satara Sahakari Bank Kumbharwda, Greater Bombay
Below in the table are the key details related to IFSC Code YESB0TSSB05 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 | YESB0TSSB05 |
| Branch | The Satara Sahakari Bank Kumbharwda |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Alankar Cinema Bldg, 1St Floor, 245/247, Khetwadi Lane, Svp Road, Mumbai 400004 |
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 YESB0TSSB05 for the The Satara Sahakari Bank Kumbharwda 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 The Satara Sahakari Bank Kumbharwda, Greater Bombay, Maharashtra, is provided a unique IFSC like YESB0TSSB05 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Yes Bank branch in Greater Bombay.
- 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 Greater Bombay and Mumbai.
- 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 Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Yes Bank in The Satara Sahakari Bank Kumbharwda do not get misguided to another person.
Format of the IFSC Code YESB0TSSB05
The format of the IFSC Code for banks, including Yes Bank, has 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 The Satara Sahakari Bank Kumbharwda in Greater Bombay.
For example, the IFSC Code YESB0TSSB05 of Yes Bank for the The Satara Sahakari Bank Kumbharwda branch includes 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 looking for the IFSC Code YESB0TSSB05 of Yes Bank for its The Satara Sahakari Bank Kumbharwda branch located in Greater Bombay, 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 Greater Bombay and Mumbai, 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 The Satara Sahakari Bank Kumbharwda or Greater Bombay to get the exact IFSC Code YESB0TSSB05.
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 Greater Bombay, then it will provide you proper information.
How to Use IFSC Code YESB0TSSB05 for Online Transfers?
Once you have the IFSC Code YESB0TSSB05 for the The Satara Sahakari Bank Kumbharwda branch of Yes Bank in Greater Bombay, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code YESB0TSSB05. 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 YESB0TSSB05.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Yes Bank The Satara Sahakari Bank Kumbharwda in Greater Bombay 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 Kumbharwda, 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 Kumbharwda Greater Bombay branch is YESB0TSSB05.
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 Alankar Cinema Bldg, 1St Floor, 245/247, Khetwadi Lane, Svp Road, Mumbai 400004.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.