The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Yes Bank for its Raigarh branch in Raigarh, Raigarh, Chhattisgarh, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Yes Bank located in Raigarh or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code YESB0000642. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Yes Bank, Raigarh, Raigarh
Here are the key points that are associated with the IFSC Code YESB0000642 of Yes Bank for its branch located in Raigarh, within the district of Raigarh in the state of Chhattisgarh.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0000642 |
| Branch | Raigarh |
| City | Raigarh |
| District | Raigarh |
| State | Chhattisgarh |
| Address | Part Ground Floor,Plot No.202/1,Ward No.5,Opp.Hotel Ansh Internal,Dhimrapur Road,Raigarh,Chattisgarh 496001 |
These details are essential not only for online banking users but also for businesses and individuals who use Yes Bank in Raigarh for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0000642 for the Raigarh branch of Yes Bank plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Yes Bank located in Raigarh, Raigarh, Chhattisgarh, is provided a unique IFSC like YESB0000642 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Yes Bank branch in Raigarh.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Raigarh and Raigarh.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Chhattisgarh and the rest of India, the IFSC Code ensures that transactions meant for Yes Bank in Raigarh do not get misguided to another person.
Format of the IFSC Code YESB0000642
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 Raigarh in Raigarh.
For example, the IFSC Code YESB0000642 of Yes Bank for the Raigarh branch includes these elements, identifying the bank and the branch location in Raigarh and Chhattisgarh correctly.
How to Find IFSC Code for Yes Bank?
To find the IFSC Code YESB0000642 of Yes Bank for its Raigarh branch located in Raigarh, the following methods can help you out:
Cheque Book
The cheque book issued by Yes Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Yes Bank branches in Raigarh and Raigarh, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Yes Bank and go to the branch locator section. Then search for Raigarh or Raigarh to find the exact IFSC Code YESB0000642.
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 maintains an updated database of all IFSC codes. Searching for Yes Bank and Raigarh will provide accurate information.
How to Use IFSC Code YESB0000642 for Online Transfers?
Once you have the IFSC Code YESB0000642 for the Raigarh branch of Yes Bank in Raigarh, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code YESB0000642. 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 YESB0000642.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Raigarh in Raigarh, 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 Raigarh, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Raigarh manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Raigarh Raigarh branch is YESB0000642.
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 Part Ground Floor,Plot No.202/1,Ward No.5,Opp.Hotel Ansh Internal,Dhimrapur Road,Raigarh,Chattisgarh 496001.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.