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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Yes Bank for its Matunga Road, Mumbai branch in Mumbai, Mumbai, Maharashtra, then this guide will give you detailed information.
The banking system has evolved significantly 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 YESB0000735. 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, Matunga Road, Mumbai, Mumbai
Below in the table are the key details related to IFSC Code YESB0000735 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 | YESB0000735 |
| Branch | Matunga Road, Mumbai |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| Address | Shop No.3,Pal Residency,Plot No.358,Bhandarkar Road,Matunga Cr,Mumbai,Maharashtra,400019 |
These details help users in online banking and for businesses and individuals who use Yes Bank in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0000735 for the Matunga Road, Mumbai branch of Yes Bank has a very important 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 Matunga Road, Mumbai, Mumbai, Maharashtra, is provided a unique IFSC like YESB0000735 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Yes Bank branch in Mumbai.
- 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 Mumbai and Mumbai.
- 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 Matunga Road, Mumbai do not get misguided to another person.
Format of the IFSC Code YESB0000735
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 Matunga Road, Mumbai in Mumbai.
For example, the IFSC Code YESB0000735 of Yes Bank for the Matunga Road, Mumbai branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra correctly.
How to Find IFSC Code for Yes Bank?
If you are trying to find the IFSC Code YESB0000735 of Yes Bank for its Matunga Road, Mumbai branch located in Mumbai, 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 Mumbai and Mumbai, 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 Matunga Road, Mumbai or Mumbai to get the exact IFSC Code YESB0000735.
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 Mumbai, you'll get the correct details.
How to Use IFSC Code YESB0000735 for Online Transfers?
Once you have the IFSC Code YESB0000735 for the Matunga Road, Mumbai branch of Yes Bank in Mumbai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code YESB0000735. 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 YESB0000735.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Matunga Road, Mumbai in Mumbai, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Yes Bank in Matunga Road, Mumbai, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Yes Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Mumbai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Matunga Road, Mumbai Mumbai branch is YESB0000735.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Shop No.3,Pal Residency,Plot No.358,Bhandarkar Road,Matunga Cr,Mumbai,Maharashtra,400019.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.