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 Boring Canal Road branch in Patna, Patna, Bihar, 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 Patna or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code YESB0000620. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Yes Bank, Boring Canal Road, Patna
The table below shows the main details of the IFSC Code YESB0000620 for the Yes Bank branch in Patna, which falls under the Patna district in Bihar.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0000620 |
| Branch | Boring Canal Road |
| City | Patna |
| District | Patna |
| State | Bihar |
| Address | Shop No. 3,4 On Lower Gr Floor, Shop No. 5,6,7,8 On Upper Gr Floor, Shree Ram Palace, Boring Canal Road Patna Bihar 800001 |
These details are important not only for users using online banking but also for businesses and individuals who use Yes Bank in Patna for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code YESB0000620 for the Boring Canal Road 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 Boring Canal Road, Patna, Bihar, is provided with a unique IFSC like YESB0000620 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Yes Bank branch in Patna.
- 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 Patna and Patna.
- 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 Bihar and the rest of India and the IFSC Code ensures that transactions meant for Yes Bank in Boring Canal Road do not get mixed with another location.
Format of the IFSC Code YESB0000620
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 Boring Canal Road in Patna.
For example, the IFSC Code YESB0000620 of Yes Bank for the Boring Canal Road branch includes these elements, identifying the bank and the branch location in Patna and Bihar accurately.
How to Find IFSC Code for Yes Bank?
If you are trying to find the IFSC Code YESB0000620 of Yes Bank for its Boring Canal Road branch located in Patna, 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
You can easily find the IFSC and MICR codes because most banks, including Yes Bank branches in Patna and Patna, print them 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 Boring Canal Road or Patna to get the exact IFSC Code YESB0000620.
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 Patna, you'll get the correct details.
How to Use IFSC Code YESB0000620 for Online Transfers?
If you have the IFSC Code YESB0000620 for the Boring Canal Road branch of Yes Bank in Patna, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code YESB0000620. Transfers are processed in batches. 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. Asks for the recipient's account details and Yes Bank IFSC Code YESB0000620.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Yes Bank Boring Canal Road in Patna, it may result in delayed or failed transactions.
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 Boring Canal Road, 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 Patna to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0000620.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Shop No. 3,4 On Lower Gr Floor, Shop No. 5,6,7,8 On Upper Gr Floor, Shree Ram Palace, Boring Canal Road Patna Bihar 800001 located in Patna, Patna, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.