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 Lokhandwala Complex, Andheri - West branch in Mumbai, Mumbai, or Maharashtra, 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 Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0001197. 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, Lokhandwala Complex, Andheri - West, Mumbai

Here are the main details that are associated with the IFSC Code YESB0001197 of Yes Bank for its branch located in Mumbai, within the district of Mumbai in the state of Maharashtra.

Particulars Details
Bank Yes Bank
IFSC Code YESB0001197
Branch Lokhandwala Complex, Andheri - West
City Mumbai
District Mumbai
State Maharashtra
Address Ground Floor, Part Of Unit 1, B Wing, The Spring Fields Ii, Lokhandwala Complex, Andheri - West, Mumbai - 400053

These details are crucial, not just for online banking users but also for businesses and individuals who use Yes Bank in Mumbai for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0001197 for the Lokhandwala Complex, Andheri - West branch of Yes Bank has an important 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 Lokhandwala Complex, Andheri - West, Mumbai, Maharashtra, are given a unique IFSC like YESB0001197 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Mumbai.
  • 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 Mumbai and Mumbai.
  • 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 Lokhandwala Complex, Andheri - West 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 YESB0001197

The format of the IFSC Code for banks, including Yes Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Yes Bank, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Lokhandwala Complex, Andheri - West in Mumbai.

For example, the IFSC Code YESB0001197 of Yes Bank for the Lokhandwala Complex, Andheri - West branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra accurately.

How to Find IFSC Code for Yes Bank?

If you are looking for the IFSC Code YESB0001197 of Yes Bank for its Lokhandwala Complex, Andheri - West branch located in Mumbai, 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 Mumbai and Mumbai, 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 Lokhandwala Complex, Andheri - West or Mumbai to get the exact IFSC Code YESB0001197.

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 Mumbai, then it will provide you proper information.

How to Use IFSC Code YESB0001197 for Online Transfers?

Once you have the IFSC Code YESB0001197 for the Lokhandwala Complex, Andheri - West branch of Yes Bank in Mumbai, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code YESB0001197. 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 YESB0001197.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Yes Bank Lokhandwala Complex, Andheri - West in Mumbai 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 Lokhandwala Complex, Andheri - West, 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 Mumbai manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Yes Bank Lokhandwala Complex, Andheri - West Mumbai?

The IFSC Code of the Lokhandwala Complex, Andheri - West Mumbai branch is YESB0001197.

Is IFSC Code YESB0001197 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 Lokhandwala Complex, Andheri - West branch?

The branch is located at Ground Floor, Part Of Unit 1, B Wing, The Spring Fields Ii, Lokhandwala Complex, Andheri - West, Mumbai - 400053.

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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