There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Yes Bank for its Gandhibagh Sahakari Bank Pardi branch in Nagpur, Nagpur, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Yes Bank situated in Nagpur or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code YESB0GSB007. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Yes Bank, Gandhibagh Sahakari Bank Pardi, Nagpur
Below in the table are the key details related to IFSC Code YESB0GSB007 of Yes Bank for its branch located in Nagpur, within the district of Nagpur in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0GSB007 |
| Branch | Gandhibagh Sahakari Bank Pardi |
| City | Nagpur |
| District | Nagpur |
| State | Maharashtra |
| Address | Hb Town Bhandara Rd Pardi Nagpur 440008 |
These details are essential not only for online banking users but also for businesses and individuals who use Yes Bank in Nagpur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0GSB007 for the Gandhibagh Sahakari Bank Pardi branch of Yes Bank plays 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 Gandhibagh Sahakari Bank Pardi, Nagpur, Maharashtra, are allotted a unique IFSC like YESB0GSB007 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Nagpur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Nagpur and Nagpur.
- 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 Gandhibagh Sahakari Bank Pardi reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code YESB0GSB007
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 Gandhibagh Sahakari Bank Pardi in Nagpur.
For example, the IFSC Code YESB0GSB007 of Yes Bank for the Gandhibagh Sahakari Bank Pardi branch has these elements, identifying the bank and the branch location in Nagpur and Maharashtra correctly.
How to Find IFSC Code for Yes Bank?
If you are looking for the IFSC Code YESB0GSB007 of Yes Bank for its Gandhibagh Sahakari Bank Pardi branch located in Nagpur, 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 Nagpur and Nagpur, 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 Gandhibagh Sahakari Bank Pardi or Nagpur to get the exact IFSC Code YESB0GSB007.
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 Nagpur, then it will provide you proper information.
How to Use IFSC Code YESB0GSB007 for Online Transfers?
Once you have the IFSC Code YESB0GSB007 for the Gandhibagh Sahakari Bank Pardi branch of Yes Bank in Nagpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code YESB0GSB007. The transfer is completed in batches instead of instantly. It is useful for both 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 YESB0GSB007.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Gandhibagh Sahakari Bank Pardi in Nagpur, 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 Gandhibagh Sahakari Bank Pardi, 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 Nagpur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0GSB007.
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 Hb Town Bhandara Rd Pardi Nagpur 440008 located in Nagpur, Nagpur, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.