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 Shree Dharati Coop Bank Madhapar branch in Rajkot, Rajkot, Gujarat, 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 Rajkot or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code YESB0SDB007. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Yes Bank, Shree Dharati Coop Bank Madhapar, Rajkot
Here are some of the key details that come with the IFSC Code YESB0SDB007 of Yes Bank for its branch located in Rajkot, within the district of Rajkot in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0SDB007 |
| Branch | Shree Dharati Coop Bank Madhapar |
| City | Rajkot |
| District | Rajkot |
| State | Gujarat |
| Address | Plot 68-69-70, 1St Floor, Nr Madhapar Bus Stand, Madhapar - 360006 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Yes Bank in Rajkot for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0SDB007 for the Shree Dharati Coop Bank Madhapar branch of Yes Bank has 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 YESB0SDB007 is given to every bank branch, including Yes Bank located in Shree Dharati Coop Bank Madhapar, Rajkot, Gujarat, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Yes Bank branch in Rajkot.
- 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 Rajkot and Rajkot.
- 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 Gujarat and the rest of India, which is why the IFSC Code ensures that transactions meant for Yes Bank in Shree Dharati Coop Bank Madhapar doesn't end up at another location.
Format of the IFSC Code YESB0SDB007
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 Shree Dharati Coop Bank Madhapar in Rajkot.
For example, the IFSC Code YESB0SDB007 of Yes Bank for the Shree Dharati Coop Bank Madhapar branch includes these elements, identifying the bank and the branch location in Rajkot and Gujarat accurately.
How to Find IFSC Code for Yes Bank?
If you are looking for the IFSC Code YESB0SDB007 of Yes Bank for its Shree Dharati Coop Bank Madhapar branch located in Rajkot, 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 Rajkot and Rajkot, 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 Shree Dharati Coop Bank Madhapar or Rajkot to get the exact IFSC Code YESB0SDB007.
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 Rajkot, then it will provide you proper information.
How to Use IFSC Code YESB0SDB007 for Online Transfers?
Once you have the IFSC Code YESB0SDB007 for the Shree Dharati Coop Bank Madhapar branch of Yes Bank in Rajkot, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code YESB0SDB007. 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 YESB0SDB007.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Shree Dharati Coop Bank Madhapar in Rajkot, 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 Shree Dharati Coop Bank Madhapar, 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 Rajkot to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0SDB007.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Plot 68-69-70, 1St Floor, Nr Madhapar Bus Stand, Madhapar - 360006 located in Rajkot, Rajkot, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.