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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Yes Bank for its Veraval branch in Junagadh, Veraval, or Gujarat, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Yes Bank located in Junagadh or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code YESB0000992. 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, Veraval, Junagadh

Here are the key points that are associated with the IFSC Code YESB0000992 of Yes Bank for its branch located in Junagadh, within the district of Veraval in the state of Gujarat.

Particulars Details
Bank Yes Bank
IFSC Code YESB0000992
Branch Veraval
City Junagadh
District Veraval
State Gujarat
Address Shop No.6,7,25,26 27,Gr Floor,Vinayak Plaza-I,Rajendra Bhuvan Road,Veraval,Gujarat -362265

These details are important not only for users using online banking but also for businesses and individuals who use Yes Bank in Junagadh for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code YESB0000992 for the Veraval 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 YESB0000992 is given to every bank branch, including Yes Bank located in Veraval, Junagadh, Gujarat, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Yes Bank branch in Junagadh.
  • 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 Junagadh and Veraval.
  • 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 Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Yes Bank in Veraval doesn't end up at another location.

Format of the IFSC Code YESB0000992

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 Veraval in Junagadh.

For example, the IFSC Code YESB0000992 of Yes Bank for the Veraval branch includes these elements, identifying the bank and the branch location in Junagadh and Gujarat correctly.

How to Find IFSC Code for Yes Bank?

To find the IFSC Code YESB0000992 of Yes Bank for its Veraval branch located in Junagadh, 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 Junagadh and Veraval, 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 Veraval or Junagadh to find the exact IFSC Code YESB0000992.

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 Junagadh will provide accurate information.

How to Use IFSC Code YESB0000992 for Online Transfers?

Once you have the IFSC Code YESB0000992 for the Veraval branch of Yes Bank in Junagadh, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code YESB0000992. 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 YESB0000992.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Yes Bank Veraval in Junagadh 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 Veraval, 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 Junagadh manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Yes Bank Veraval Junagadh?

The IFSC Code of the Veraval Junagadh branch is YESB0000992.

Is IFSC Code YESB0000992 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Yes Bank Veraval branch?

The branch is located at Shop No.6,7,25,26 27,Gr Floor,Vinayak Plaza-I,Rajendra Bhuvan Road,Veraval,Gujarat -362265.

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.