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 Shri Narsinha Saraswati Sahakari Bank Ltd branch in Kolhapur, Panhala, 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 YESB0NSSB01. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Yes Bank, Shri Narsinha Saraswati Sahakari Bank Ltd, Kolhapur
Below in the table are the key details related to IFSC Code YESB0NSSB01 of Yes Bank for its branch located in Kolhapur, within the district of Panhala in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0NSSB01 |
| Branch | Shri Narsinha Saraswati Sahakari Bank Ltd |
| City | Kolhapur |
| District | Panhala |
| State | Maharashtra |
| Address | A/P Asurle Porle Tal Panhala Kolhapur - 416229 |
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 YESB0NSSB01 for the Shri Narsinha Saraswati Sahakari Bank Ltd 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, including Yes Bank located in Shri Narsinha Saraswati Sahakari Bank Ltd, Kolhapur, Maharashtra, is provided with a unique IFSC like YESB0NSSB01 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Yes Bank branch in Kolhapur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Kolhapur and Panhala.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Yes Bank in Shri Narsinha Saraswati Sahakari Bank Ltd do not get mixed with another location.
Format of the IFSC Code YESB0NSSB01
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 Shri Narsinha Saraswati Sahakari Bank Ltd in Kolhapur.
For example, the IFSC Code YESB0NSSB01 of Yes Bank for the Shri Narsinha Saraswati Sahakari Bank Ltd branch has these elements, identifying the bank and the branch location in Kolhapur and Maharashtra correctly.
How to Find IFSC Code for Yes Bank?
If you are trying to find the IFSC Code YESB0NSSB01 of Yes Bank for its Shri Narsinha Saraswati Sahakari Bank Ltd branch located in Kolhapur, 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 Kolhapur and Panhala, 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 Shri Narsinha Saraswati Sahakari Bank Ltd or Kolhapur to get the exact IFSC Code YESB0NSSB01.
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 Kolhapur, you'll get the correct details.
How to Use IFSC Code YESB0NSSB01 for Online Transfers?
Once you have the IFSC Code YESB0NSSB01 for the Shri Narsinha Saraswati Sahakari Bank Ltd branch of Yes Bank in Kolhapur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code YESB0NSSB01. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Yes Bank IFSC Code YESB0NSSB01.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Yes Bank Shri Narsinha Saraswati Sahakari Bank Ltd in Kolhapur, it can 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 Shri Narsinha Saraswati Sahakari Bank Ltd, 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 Kolhapur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0NSSB01.
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 A/P Asurle Porle Tal Panhala Kolhapur - 416229 located in Kolhapur, Panhala, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.