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 Shivaji Nagar, Pune, Maharashtra branch in Pune, Pune, 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 Pune or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code YESB0001462. 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, Shivaji Nagar, Pune, Maharashtra, Pune
Here are the main details that are associated with the IFSC Code YESB0001462 of Yes Bank for its branch located in Pune, within the district of Pune in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0001462 |
| Branch | Shivaji Nagar, Pune, Maharashtra |
| City | Pune |
| District | Pune |
| State | Maharashtra |
| Address | Gr.Floor, Amaraj Apartment, Cts No. 1202/1, Final Plot No. 567/3/1, Ghole Road(Off Fc Road), Shivajinagar, Pune 411005 |
These details are essential not only for online banking users but also for businesses and individuals who use Yes Bank in Pune for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0001462 for the Shivaji Nagar, Pune, Maharashtra 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 that is provided by the Reserve Bank of India. A unique IFSC like YESB0001462 is given to every bank branch, including Yes Bank located in Shivaji Nagar, Pune, Maharashtra, Pune, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Yes Bank branch in Pune.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Pune and Pune.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Yes Bank in Shivaji Nagar, Pune, Maharashtra doesn't end up at another location.
Format of the IFSC Code YESB0001462
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 Shivaji Nagar, Pune, Maharashtra in Pune.
For example, the IFSC Code YESB0001462 of Yes Bank for the Shivaji Nagar, Pune, Maharashtra branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra correctly.
How to Find IFSC Code for Yes Bank?
If you are looking for the IFSC Code YESB0001462 of Yes Bank for its Shivaji Nagar, Pune, Maharashtra branch located in Pune, 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 Pune and Pune, 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 Shivaji Nagar, Pune, Maharashtra or Pune to get the exact IFSC Code YESB0001462.
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 Pune, then it will provide you proper information.
How to Use IFSC Code YESB0001462 for Online Transfers?
Once you have the IFSC Code YESB0001462 for the Shivaji Nagar, Pune, Maharashtra branch of Yes Bank in Pune, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code YESB0001462. 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 YESB0001462.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Shivaji Nagar, Pune, Maharashtra in Pune, your payment can get delayed or might not go through at all.
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 Shivaji Nagar, Pune, Maharashtra, 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 Pune manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0001462.
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 Gr.Floor, Amaraj Apartment, Cts No. 1202/1, Final Plot No. 567/3/1, Ghole Road(Off Fc Road), Shivajinagar, Pune 411005 located in Pune, Pune, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.