For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Yes Bank for its Pune Commercial Co-Op Bank Ltd branch in Satara, Koregaon, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Yes Bank located in Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0SVNB01. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Yes Bank, Pune Commercial Co-Op Bank Ltd, Satara
Below in the table are the key details related to IFSC Code YESB0SVNB01 of Yes Bank for its branch located in Satara, within the district of Koregaon in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Yes Bank |
| IFSC Code | YESB0SVNB01 |
| Branch | Pune Commercial Co-Op Bank Ltd |
| City | Satara |
| District | Koregaon |
| State | Maharashtra |
| Address | F9/F10 Adarsh Shivneri, Koregaon - 415501 |
These details help users in online banking and for businesses and individuals who use Yes Bank in Satara for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0SVNB01 for the Pune Commercial Co-Op Bank 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, along with Yes Bank located in Pune Commercial Co-Op Bank Ltd, Satara, Maharashtra, are allotted a unique IFSC like YESB0SVNB01 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Satara.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Satara and Koregaon.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Yes Bank in Pune Commercial Co-Op Bank Ltd reaches the right place, even though there are thousands of branches in Maharashtra and across India.
Format of the IFSC Code YESB0SVNB01
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 Pune Commercial Co-Op Bank Ltd in Satara.
For example, the IFSC Code YESB0SVNB01 of Yes Bank for the Pune Commercial Co-Op Bank Ltd branch has these elements, identifying the bank and the branch location in Satara and Maharashtra correctly.
How to Find IFSC Code for Yes Bank?
To find the IFSC Code YESB0SVNB01 of Yes Bank for its Pune Commercial Co-Op Bank Ltd branch located in Satara, 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 Satara and Koregaon, 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 Pune Commercial Co-Op Bank Ltd or Satara to find the exact IFSC Code YESB0SVNB01.
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 Satara will provide accurate information.
How to Use IFSC Code YESB0SVNB01 for Online Transfers?
If you have the IFSC Code YESB0SVNB01 for the Pune Commercial Co-Op Bank Ltd branch of Yes Bank in Satara, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code YESB0SVNB01. Transfers are processed in batches. 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. Asks for the recipient's account details and Yes Bank IFSC Code YESB0SVNB01.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Yes Bank Pune Commercial Co-Op Bank Ltd in Satara, it 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 Pune Commercial Co-Op Bank Ltd, 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 Satara manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is YESB0SVNB01.
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 F9/F10 Adarsh Shivneri, Koregaon - 415501 located in Satara, Koregaon, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.