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 Mandvi 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 YESB0TSSB02. 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 Mandvi, Greater Bombay
Here are the main details that are associated with the IFSC Code YESB0TSSB02 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 | YESB0TSSB02 |
| Branch | The Satara Sahakari Bank Mandvi |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Nainkrupa Premises Coop Hsg Soc Ltd, 2Nd Floor, 118/122 Kazi Sayyad Street Mandavi, Mumbai 400003 |
These details are essential not only for online banking users but also for businesses and individuals who use Yes Bank in Greater Bombay for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0TSSB02 for the The Satara Sahakari Bank Mandvi branch of Yes Bank plays an important role.
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 The Satara Sahakari Bank Mandvi, Greater Bombay, Maharashtra, are allotted a unique IFSC like YESB0TSSB02 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Greater Bombay.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Greater Bombay and Mumbai.
- 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 The Satara Sahakari Bank Mandvi reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code YESB0TSSB02
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 The Satara Sahakari Bank Mandvi in Greater Bombay.
For example, the IFSC Code YESB0TSSB02 of Yes Bank for the The Satara Sahakari Bank Mandvi 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?
If you are trying to find the IFSC Code YESB0TSSB02 of Yes Bank for its The Satara Sahakari Bank Mandvi 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 Mandvi or Greater Bombay to get the exact IFSC Code YESB0TSSB02.
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 YESB0TSSB02 for Online Transfers?
Once you have the IFSC Code YESB0TSSB02 for the The Satara Sahakari Bank Mandvi 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 YESB0TSSB02. 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 YESB0TSSB02.
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 Mandvi in Greater Bombay 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 The Satara Sahakari Bank Mandvi, 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 of the The Satara Sahakari Bank Mandvi Greater Bombay branch is YESB0TSSB02.
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 Nainkrupa Premises Coop Hsg Soc Ltd, 2Nd Floor, 118/122 Kazi Sayyad Street Mandavi, Mumbai 400003.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.