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IFSC Code of Yes Bank, Godavari Laxmi Coop Bank Prabhatcol, Jalgaon, Maharashtra — YESB0GLCB05

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 Godavari Laxmi Coop Bank Prabhatcol branch in Jalgaon, Jalgaon, 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 Jalgaon or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0GLCB05. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Yes Bank, Godavari Laxmi Coop Bank Prabhatcol, Jalgaon

Here are the main details that are associated with the IFSC Code YESB0GLCB05 of Yes Bank for its branch located in Jalgaon, within the district of Jalgaon in the state of Maharashtra.

Particulars Details
Bank Yes Bank
IFSC Code YESB0GLCB05
Branch Godavari Laxmi Coop Bank Prabhatcol
City Jalgaon
District Jalgaon
State Maharashtra
Address Prabhat Chowk,M.J.Collage Road,Jalgaon 425002

These details helps users in online banking and for businesses and individuals who use Yes Bank in Jalgaon for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0GLCB05 for the Godavari Laxmi Coop Bank Prabhatcol 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 provided by the Reserve Bank of India. Every bank branch, along with Yes Bank located in Godavari Laxmi Coop Bank Prabhatcol, Jalgaon, Maharashtra, are given a unique IFSC like YESB0GLCB05 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Jalgaon.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Jalgaon and Jalgaon.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Yes Bank in Godavari Laxmi Coop Bank Prabhatcol goes to the correct branch. This is important because Yes Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code YESB0GLCB05

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 Godavari Laxmi Coop Bank Prabhatcol in Jalgaon.

For example, the IFSC Code YESB0GLCB05 of Yes Bank for the Godavari Laxmi Coop Bank Prabhatcol branch has these elements, identifying the bank and the branch location in Jalgaon and Maharashtra correctly.

How to Find IFSC Code for Yes Bank?

If you are looking for the IFSC Code YESB0GLCB05 of Yes Bank for its Godavari Laxmi Coop Bank Prabhatcol branch located in Jalgaon, 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 Jalgaon and Jalgaon, 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 Godavari Laxmi Coop Bank Prabhatcol or Jalgaon to get the exact IFSC Code YESB0GLCB05.

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 Jalgaon, then it will provide you proper information.

How to Use IFSC Code YESB0GLCB05 for Online Transfers?

Once you have the IFSC Code YESB0GLCB05 for the Godavari Laxmi Coop Bank Prabhatcol branch of Yes Bank in Jalgaon, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code YESB0GLCB05. The transfer is completed in batches instead of instantly. It is useful for both 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 YESB0GLCB05.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Godavari Laxmi Coop Bank Prabhatcol in Jalgaon, your payment can get delayed or might not go through at all.

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 Godavari Laxmi Coop Bank Prabhatcol, 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 Jalgaon manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Yes Bank in Godavari Laxmi Coop Bank Prabhatcol, Jalgaon?

The IFSC Code is YESB0GLCB05.

Is the IFSC Code YESB0GLCB05 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Yes Bank Godavari Laxmi Coop Bank Prabhatcol?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Godavari Laxmi Coop Bank Prabhatcol branch?

The address of the branch is Prabhat Chowk,M.J.Collage Road,Jalgaon 425002 located in Jalgaon, Jalgaon, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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