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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Yes Bank for its The Annasaheb Savant Co Operative Urban Bank Mahad Ltd branch in Raigad, Mahad, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Yes Bank located in Raigad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0CMAHAD. 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, The Annasaheb Savant Co Operative Urban Bank Mahad Ltd, Raigad
The table below shows the main details of the IFSC Code YESB0CMAHAD for the Yes Bank branch in Raigad, which falls under the Mahad district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0CMAHAD |
| Branch | The Annasaheb Savant Co Operative Urban Bank Mahad Ltd |
| City | Raigad |
| District | Mahad |
| State | Maharashtra |
| Address | Shreyas Complex, Near Bhaji Market, Mahad, Dist Raigad - 402301 |
These details help users in online banking and for businesses and individuals who use Yes Bank in Raigad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0CMAHAD for the The Annasaheb Savant Co Operative Urban Bank Mahad Ltd 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Yes Bank located in The Annasaheb Savant Co Operative Urban Bank Mahad Ltd, Raigad, Maharashtra, is provided with a unique IFSC like YESB0CMAHAD to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Yes Bank branch in Raigad.
- 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 Raigad and Mahad.
- 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Yes Bank in The Annasaheb Savant Co Operative Urban Bank Mahad Ltd do not get mixed with another location.
Format of the IFSC Code YESB0CMAHAD
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 The Annasaheb Savant Co Operative Urban Bank Mahad Ltd in Raigad.
For example, the IFSC Code YESB0CMAHAD of Yes Bank for the The Annasaheb Savant Co Operative Urban Bank Mahad Ltd branch has these elements, identifying the bank and the branch location in Raigad and Maharashtra correctly.
How to Find IFSC Code for Yes Bank?
If you are trying to find the IFSC Code YESB0CMAHAD of Yes Bank for its The Annasaheb Savant Co Operative Urban Bank Mahad Ltd branch located in Raigad, the following methods can help:
Cheque Book
The cheque books that are issued by Yes Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Yes Bank branches in Raigad and Mahad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Yes Bank and find the branch locator section. Search for The Annasaheb Savant Co Operative Urban Bank Mahad Ltd or Raigad to get the exact IFSC Code YESB0CMAHAD.
Mobile Banking App
If you use Yes Bank's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Yes Bank and Raigad that will provide accurate information.
How to Use IFSC Code YESB0CMAHAD for Online Transfers?
Once you have the IFSC Code YESB0CMAHAD for the The Annasaheb Savant Co Operative Urban Bank Mahad Ltd branch of Yes Bank in Raigad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code YESB0CMAHAD. 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 YESB0CMAHAD.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank The Annasaheb Savant Co Operative Urban Bank Mahad Ltd in Raigad, 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 The Annasaheb Savant Co Operative Urban Bank Mahad Ltd, 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 Raigad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the The Annasaheb Savant Co Operative Urban Bank Mahad Ltd Raigad branch is YESB0CMAHAD.
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 Shreyas Complex, Near Bhaji Market, Mahad, Dist Raigad - 402301.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.