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 Akola Urban Coop Bank Mangrulpir branch in Washim, Mangrulpir, 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 Washim or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0AUB004. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Yes Bank, Akola Urban Coop Bank Mangrulpir, Washim

Here are the main details that are associated with the IFSC Code YESB0AUB004 of Yes Bank for its branch located in Washim, within the district of Mangrulpir in the state of Maharashtra.

Particulars Details
Bank Yes Bank
IFSC Code YESB0AUB004
Branch Akola Urban Coop Bank Mangrulpir
City Washim
District Mangrulpir
State Maharashtra
Address Infront Of Sbi Main Rd, Mangrulpir 444403

These details are essential not only for online banking users but also for businesses and individuals who use Yes Bank in Washim for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0AUB004 for the Akola Urban Coop Bank Mangrulpir 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 Akola Urban Coop Bank Mangrulpir, Washim, Maharashtra, is provided a unique IFSC like YESB0AUB004 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Yes Bank branch in Washim.
  • 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 Washim and Mangrulpir.
  • 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 Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Yes Bank in Akola Urban Coop Bank Mangrulpir do not get misguided to another person.

Format of the IFSC Code YESB0AUB004

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 Akola Urban Coop Bank Mangrulpir in Washim.

For example, the IFSC Code YESB0AUB004 of Yes Bank for the Akola Urban Coop Bank Mangrulpir branch has these elements, identifying the bank and the branch location in Washim and Maharashtra correctly.

How to Find IFSC Code for Yes Bank?

If you are trying to find the IFSC Code YESB0AUB004 of Yes Bank for its Akola Urban Coop Bank Mangrulpir branch located in Washim, 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 Washim and Mangrulpir, 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 Akola Urban Coop Bank Mangrulpir or Washim to get the exact IFSC Code YESB0AUB004.

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 Washim, you'll get the correct details.

How to Use IFSC Code YESB0AUB004 for Online Transfers?

Once you have the IFSC Code YESB0AUB004 for the Akola Urban Coop Bank Mangrulpir branch of Yes Bank in Washim, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code YESB0AUB004. 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 YESB0AUB004.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Akola Urban Coop Bank Mangrulpir in Washim, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Yes Bank in Akola Urban Coop Bank Mangrulpir, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official Yes Bank website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Washim manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Yes Bank in Akola Urban Coop Bank Mangrulpir, Washim?

The IFSC Code is YESB0AUB004.

Is the IFSC Code YESB0AUB004 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Yes Bank Akola Urban Coop Bank Mangrulpir?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Akola Urban Coop Bank Mangrulpir branch?

The address of the branch is Infront Of Sbi Main Rd, Mangrulpir 444403 located in Washim, Mangrulpir, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.