For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Yes Bank for its Bicholim Urban Cooperative Bank Sanquelim branch in North Goa, Sanquelim, Goa, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Yes Bank located in North Goa or anywhere in Goa can transfer funds instantly by using the correct IFSC Code YESB0BLC012. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Yes Bank, Bicholim Urban Cooperative Bank Sanquelim, North Goa

Here are the key points that are associated with the IFSC Code YESB0BLC012 of Yes Bank for its branch located in North Goa, within the district of Sanquelim in the state of Goa.

Particulars Details
Bank Yes Bank
IFSC Code YESB0BLC012
Branch Bicholim Urban Cooperative Bank Sanquelim
City North Goa
District Sanquelim
State Goa
Address Shop No.Bsugf-05,06,07,Vamneshwar Residency,Dattawadi,Sanquelim,Goa.403505

These details are essential not only for online banking users but also for businesses and individuals who use Yes Bank in North Goa for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0BLC012 for the Bicholim Urban Cooperative Bank Sanquelim 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 Bicholim Urban Cooperative Bank Sanquelim, North Goa, Goa, are allotted a unique IFSC like YESB0BLC012 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in North Goa.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like North Goa and Sanquelim.
  • 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 Bicholim Urban Cooperative Bank Sanquelim reaches the right place, even though there are thousands of branches in Goa and across India.

Format of the IFSC Code YESB0BLC012

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): 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 Bicholim Urban Cooperative Bank Sanquelim in North Goa.

For example, the IFSC Code YESB0BLC012 of Yes Bank for the Bicholim Urban Cooperative Bank Sanquelim branch includes these elements, identifying the bank and the branch location in North Goa and Goa accurately.

How to Find IFSC Code for Yes Bank?

If you are looking for the IFSC Code YESB0BLC012 of Yes Bank for its Bicholim Urban Cooperative Bank Sanquelim branch located in North Goa, 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 North Goa and Sanquelim, 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 Bicholim Urban Cooperative Bank Sanquelim or North Goa to get the exact IFSC Code YESB0BLC012.

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 North Goa, then it will provide you proper information.

How to Use IFSC Code YESB0BLC012 for Online Transfers?

Once you have the IFSC Code YESB0BLC012 for the Bicholim Urban Cooperative Bank Sanquelim branch of Yes Bank in North Goa, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code YESB0BLC012. 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 YESB0BLC012.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Bicholim Urban Cooperative Bank Sanquelim in North Goa, 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 Bicholim Urban Cooperative Bank Sanquelim, 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 North Goa to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Yes Bank in Bicholim Urban Cooperative Bank Sanquelim, North Goa?

The IFSC Code is YESB0BLC012.

Is the IFSC Code YESB0BLC012 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Yes Bank Bicholim Urban Cooperative Bank Sanquelim?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Bicholim Urban Cooperative Bank Sanquelim branch?

The address of the branch is Shop No.Bsugf-05,06,07,Vamneshwar Residency,Dattawadi,Sanquelim,Goa.403505 located in North Goa, Sanquelim, Goa.

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.