Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Yes Bank for its Chikhli Urban Coop Bank Risod branch in Washim, Risod, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Yes Bank located in Washim or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code YESB0CCUB21. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Yes Bank, Chikhli Urban Coop Bank Risod, Washim

Here are the main details that are associated with the IFSC Code YESB0CCUB21 of Yes Bank for its branch located in Washim, within the district of Risod in the state of Maharashtra.

Particulars Details
Bank Yes Bank
IFSC Code YESB0CCUB21
Branch Chikhli Urban Coop Bank Risod
City Washim
District Risod
State Maharashtra
Address Mahananda Complex, Loni Road Pin 444506

These details are crucial, not just for online banking users but also for businesses and individuals who use Yes Bank in Washim for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code YESB0CCUB21 for the Chikhli Urban Coop Bank Risod 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, along with Yes Bank located in Chikhli Urban Coop Bank Risod, Washim, Maharashtra, are given a unique IFSC like YESB0CCUB21 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Washim.
  • 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 Washim and Risod.
  • 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 Chikhli Urban Coop Bank Risod goes to the correct branch. This is important because Yes Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code YESB0CCUB21

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 Chikhli Urban Coop Bank Risod in Washim.

For example, the IFSC Code YESB0CCUB21 of Yes Bank for the Chikhli Urban Coop Bank Risod branch includes these elements, identifying the bank and the branch location in Washim and Maharashtra accurately.

How to Find IFSC Code for Yes Bank?

If you are looking for the IFSC Code YESB0CCUB21 of Yes Bank for its Chikhli Urban Coop Bank Risod branch located in Washim, 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 Washim and Risod, 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 Chikhli Urban Coop Bank Risod or Washim to get the exact IFSC Code YESB0CCUB21.

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 Washim, then it will provide you proper information.

How to Use IFSC Code YESB0CCUB21 for Online Transfers?

Once you have the IFSC Code YESB0CCUB21 for the Chikhli Urban Coop Bank Risod 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 YESB0CCUB21. 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 YESB0CCUB21.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Yes Bank Chikhli Urban Coop Bank Risod in Washim, 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 Chikhli Urban Coop Bank Risod, 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 Washim to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Yes Bank in Chikhli Urban Coop Bank Risod, Washim?

The IFSC Code is YESB0CCUB21.

Is the IFSC Code YESB0CCUB21 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 Chikhli Urban Coop Bank Risod?

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 Chikhli Urban Coop Bank Risod branch?

The address of the branch is Mahananda Complex, Loni Road Pin 444506 located in Washim, Risod, 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.