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 Sangawade, Maharashtra 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 YESB0000853. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Yes Bank, Sangawade, Maharashtra, Kolhapur
Below in the table are the key details related to IFSC Code YESB0000853 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 | YESB0000853 |
| Branch | Sangawade, Maharashtra |
| City | Kolhapur |
| District | Kolhapur |
| State | Maharashtra |
| Address | Shop No.1,2,Vishwa Bhawan,At Post Sangawade,Taluka Karveer,Dist Kolhapur,Maharashtra,416202 |
These details are important not only for users using online banking but also for businesses and individuals who use Yes Bank in Kolhapur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code YESB0000853 for the Sangawade, Maharashtra 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 provided by the Reserve Bank of India. Every bank branch, along with Yes Bank located in Sangawade, Maharashtra, Kolhapur, Maharashtra, are allotted a unique IFSC like YESB0000853 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Kolhapur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Kolhapur and Kolhapur.
- 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 Sangawade, Maharashtra reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code YESB0000853
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 Sangawade, Maharashtra in Kolhapur.
For example, the IFSC Code YESB0000853 of Yes Bank for the Sangawade, Maharashtra branch includes these elements, identifying the bank and the branch location in Kolhapur and Maharashtra correctly.
How to Find IFSC Code for Yes Bank?
To find the IFSC Code YESB0000853 of Yes Bank for its Sangawade, Maharashtra 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 Sangawade, Maharashtra or Kolhapur to find the exact IFSC Code YESB0000853.
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 YESB0000853 for Online Transfers?
Once you have the IFSC Code YESB0000853 for the Sangawade, Maharashtra branch of Yes Bank in Kolhapur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code YESB0000853. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 YESB0000853.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Sangawade, Maharashtra in Kolhapur, your payment can get delayed or might not go through at all.
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 Sangawade, Maharashtra, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Kolhapur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0000853.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Shop No.1,2,Vishwa Bhawan,At Post Sangawade,Taluka Karveer,Dist Kolhapur,Maharashtra,416202 located in Kolhapur, Kolhapur, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.