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 Pune Commercial Co-Op Bank Ltd branch in Satara, Koregaon, Maharashtra, 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 Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0SVNB02. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
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 YESB0SVNB02 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 | YESB0SVNB02 |
| Branch | Pune Commercial Co-Op Bank Ltd |
| City | Satara |
| District | Koregaon |
| State | Maharashtra |
| Address | New Petrol Pump, Mainn Road, Koregaon - 415501 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Yes Bank in Satara for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0SVNB02 for the Pune Commercial Co-Op Bank Ltd 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 provided by the Reserve Bank of India. Every bank branch, including Yes Bank located in Pune Commercial Co-Op Bank Ltd, Satara, Maharashtra, is provided with a unique IFSC like YESB0SVNB02 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Yes Bank branch in Satara.
- 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 Satara and Koregaon.
- 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 Pune Commercial Co-Op Bank Ltd do not get mixed with another location.
Format of the IFSC Code YESB0SVNB02
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 Pune Commercial Co-Op Bank Ltd in Satara.
For example, the IFSC Code YESB0SVNB02 of Yes Bank for the Pune Commercial Co-Op Bank Ltd branch includes these elements, identifying the bank and the branch location in Satara and Maharashtra correctly.
How to Find IFSC Code for Yes Bank?
If you are trying to find the IFSC Code YESB0SVNB02 of Yes Bank for its Pune Commercial Co-Op Bank Ltd branch located in Satara, the following methods can help:
Cheque Book
The cheque book issued by Yes Bank includes the IFSC Code printed on each cheque leaf which you can easily spot 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 your passbook.
Bank Website
Visit the official website of Yes Bank and navigate to the branch locator section. Search for Pune Commercial Co-Op Bank Ltd or Satara to get the exact IFSC Code YESB0SVNB02.
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 keeps an updated list of all IFSC codes. If you search for Yes Bank and Satara, you'll get the correct details.
How to Use IFSC Code YESB0SVNB02 for Online Transfers?
Once you have the IFSC Code YESB0SVNB02 for the Pune Commercial Co-Op Bank Ltd branch of Yes Bank in Satara, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code YESB0SVNB02. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Yes Bank IFSC Code YESB0SVNB02.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Yes Bank Pune Commercial Co-Op Bank Ltd in Satara, it can result in delayed or failed transactions.
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 Pune Commercial Co-Op Bank 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 Satara to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Pune Commercial Co-Op Bank Ltd Satara branch is YESB0SVNB02.
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 New Petrol Pump, Mainn Road, Koregaon - 415501.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.