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 The Coop Bank Of Rajkot Mavdichokdi 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 YESB0RAJ016. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Yes Bank, The Coop Bank Of Rajkot Mavdichokdi, Rajkot
Here are the main details that are associated with the IFSC Code YESB0RAJ016 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 | YESB0RAJ016 |
| Branch | The Coop Bank Of Rajkot Mavdichokdi |
| City | Rajkot |
| District | Rajkot |
| State | Gujarat |
| Address | Mavdi Chowkdi, Opp. Jitiya Hanuman Temple, 150 Ft. Ring Road, Rajkot - 4 |
These details help users in online banking and for businesses and individuals who use Yes Bank in Rajkot for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0RAJ016 for the The Coop Bank Of Rajkot Mavdichokdi 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, along with Yes Bank located in The Coop Bank Of Rajkot Mavdichokdi, Rajkot, Gujarat, are given a unique IFSC like YESB0RAJ016 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Rajkot.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Rajkot and Rajkot.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Yes Bank in The Coop Bank Of Rajkot Mavdichokdi goes to the correct branch. This is important because Yes Bank has thousands of branches in Gujarat and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code YESB0RAJ016
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): 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 The Coop Bank Of Rajkot Mavdichokdi in Rajkot.
For example, the IFSC Code YESB0RAJ016 of Yes Bank for the The Coop Bank Of Rajkot Mavdichokdi 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 YESB0RAJ016 of Yes Bank for its The Coop Bank Of Rajkot Mavdichokdi 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 The Coop Bank Of Rajkot Mavdichokdi or Rajkot to get the exact IFSC Code YESB0RAJ016.
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 YESB0RAJ016 for Online Transfers?
Once you have the IFSC Code YESB0RAJ016 for the The Coop Bank Of Rajkot Mavdichokdi branch of Yes Bank in Rajkot, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code YESB0RAJ016. Transfers are processed in batches. This is 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. Requires the recipient's account details and Yes Bank IFSC Code YESB0RAJ016.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Yes Bank The Coop Bank Of Rajkot Mavdichokdi in Rajkot may result in delayed or failed transactions.
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 The Coop Bank Of Rajkot Mavdichokdi, 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 Rajkot manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0RAJ016.
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 Mavdi Chowkdi, Opp. Jitiya Hanuman Temple, 150 Ft. Ring Road, Rajkot - 4 located in Rajkot, Rajkot, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.