The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Yes Bank for its Parshwanath Cooperative Bank Ltd Kolhapur branch in Kolhapur, Kolhapur, Maharashtra, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Yes Bank located in Kolhapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0CPCB01. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Yes Bank, Parshwanath Cooperative Bank Ltd Kolhapur, Kolhapur

Here are some of the key details that come with the IFSC Code YESB0CPCB01 of Yes Bank for its branch located in Kolhapur, within the district of Kolhapur in the state of Maharashtra.

Particulars Details
Bank Yes Bank
IFSC Code YESB0CPCB01
Branch Parshwanath Cooperative Bank Ltd Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Address 669,E,Shahupuri,3Rd Lane,Kolhapur-416001

These details helps users in online banking and for businesses and individuals who use Yes Bank in Kolhapur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0CPCB01 for the Parshwanath Cooperative Bank Ltd Kolhapur branch of Yes Bank plays a vital role.

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 Parshwanath Cooperative Bank Ltd Kolhapur, Kolhapur, Maharashtra, is provided a unique IFSC like YESB0CPCB01 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Yes Bank branch in Kolhapur.
  • 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 Kolhapur and Kolhapur.
  • 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 Parshwanath Cooperative Bank Ltd Kolhapur do not get misguided to another person.

Format of the IFSC Code YESB0CPCB01

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 Parshwanath Cooperative Bank Ltd Kolhapur in Kolhapur.

For example, the IFSC Code YESB0CPCB01 of Yes Bank for the Parshwanath Cooperative Bank Ltd Kolhapur branch includes these elements, identifying the bank and the branch location in Kolhapur and Maharashtra accurately.

How to Find IFSC Code for Yes Bank?

To find the IFSC Code YESB0CPCB01 of Yes Bank for its Parshwanath Cooperative Bank Ltd Kolhapur branch located in Kolhapur, 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 Kolhapur and Kolhapur, 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 Parshwanath Cooperative Bank Ltd Kolhapur or Kolhapur to find the exact IFSC Code YESB0CPCB01.

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 Kolhapur will provide accurate information.

How to Use IFSC Code YESB0CPCB01 for Online Transfers?

If you have the IFSC Code YESB0CPCB01 for the Parshwanath Cooperative Bank Ltd Kolhapur branch of Yes Bank in Kolhapur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code YESB0CPCB01. 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 YESB0CPCB01.

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 Parshwanath Cooperative Bank Ltd Kolhapur in Kolhapur, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Yes Bank in Parshwanath Cooperative Bank Ltd Kolhapur, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Kolhapur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Yes Bank Parshwanath Cooperative Bank Ltd Kolhapur Kolhapur?

The IFSC Code of the Parshwanath Cooperative Bank Ltd Kolhapur Kolhapur branch is YESB0CPCB01.

Is IFSC Code YESB0CPCB01 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 Parshwanath Cooperative Bank Ltd Kolhapur branch?

The branch is located at 669,E,Shahupuri,3Rd Lane,Kolhapur-416001.

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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