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Find Yes Bank IFSC & MICR Code

Yes Bank IFSC Code

The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.

The Yes Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'YESB', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.

How to Search for Yes Bank IFSC Codes?

If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Yes Bank branch. If you are looking for online IFSC Code of Yes Bank you can find here in Goodreturns.

State Wise Yes Bank IFSC & MICR Code

About Yes Bank

Format of Yes Bank IFSC Code

Yes Bank, headquartered in Mumbai, is a Private Sector Bank co-founded in 2004 by Rana Kapoor.

Along with a vast network of more than 1000 Pan India Branches, 1800 ATMs across all 29 States and seven Union Territories of India, YES BANK offers you all-inclusive banking services. It is the fifth-largest private sector bank in India that provides facilities for all your financial requirements, namely investment banking, corporate finance, loans, credit cards, and much more. RTGS, IMPS and NEFT fund transfer methods are used by Yes Bank customers in order to transfer money across any branch of any bank in India. Such types of electronic transfers are held by using the IFSC code. For each bank branch in India, the IFSC (Indian Financial System Code) is unique. Precise and straightforward transfers are guaranteed by the IFSC code. An alphanumeric code composed of 11 characters called IFSC. Alphabets that represent the name of the bank are the first 4 letters. The initial four alphabets of Yes Bank's IFSC code are named YESB. This is preceded by "0" which is kept for potential use. Normally, the last six characters are numeric and indicate a particular branch of the bank. For instance: IFSC code of Yes Bank Dwarka, New Delhi Branch is YESB0000263. 

  • ‘YESB’ represents the name of the bank, i.e. Yes Bank
  • ‘0’ is kept for future use
  • ‘000263’ represents the bank branch i.e. Dwarka, New Delhi Branch

How to find the Yes Bank IFSC Code Online and Offline?

 During the transfer of funds, the IFSC code lets systems route payments to the relevant branches. Once all the necessary information is given by the payer, the fund can be transferred in a hassle-free manner to the payee's account with the aid of the IFSC Code. Therefore, the proper functionality of NEFT, RTGS, and IMPS is highly dependent on YES Bank and other banks' IFSC code as well. Customers can check for the YES BANK IFSC Code using any of the following methods:

Through Goodreturns.in site

The complete database of IFSC codes of Yes Bank and its branches is available on the website of the RBI. Not only for Yes Bank, all the banks of India and its relevant branches are listed on the official website of RBI. Either third-party finance websites or the bank's website is the best online tool for finding the IFSC code of every Yes bank branch. Goodreturns.in presents a thorough table for Yes Bank branches throughout India comprising IFSC codes. On a 24x7 basis, any customer can easily and efficiently recognise the IFSC and MICR code of their bank branch by accessing the Goodreturns.in website. Follow the steps listed below to find the IFSC and MICR code of any branch of Yes Bank from the comfort of your home or office.

  • Visit Goodreturns.in and head to the ‘Banking’ section
  • Under the list of ‘Banking’ tab click on the ‘IFSC Code’ option
  • Now you have to submit the name of the bank as Yes Bank, branch, state and city from the drop-down menu.
  • Once you are done click on the ‘Find Bank’ option and you will get the complete details of your bank branch’s IFSC Code, MICR code, branch address, contact number of the branch and much more.      

How can I make fund transfers through Yes Bank RTGS and NEFT Service?

Using the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement System (RTGS) and IMPS systems, customers of Yes Bank can initiate fund transfers. You can send money through different banks, different accounts, different states and different cities using either of these services.

Real Time Gross Settlement System (RTGS)

It is easy to use RTGS to transfer a minimum amount of Rs 1 lakh and above. You can go through net banking or step into either of the branches to make fund transfer using RTGS. You must fulfil a form for the Fund Transfer Instruction that is available at the Yes bank. To fill the form completely you will need the following specifics:

  • Name of the beneficiary as per his / her bank account
  • Account number and type of account of the beneficiary
  • Bank name, branch and IFSC code of the beneficiary
  • Amount that you are willing to transfer to the beneficiary
  • On weekdays and Saturdays, RTGS is accessible for customers to use. It will not be usable on national holidays and Sundays. 

Here are the cut-off timings at Yes Bank for RTGS:

  • Net Banking: 09. 00 – 16. 15 (from Monday to Friday) and 09. 00 – 12. 45 on Saturday  
  • Branch Request: 09. 00 – 15. 30 (from Monday to Friday) and 09. 00 – 12. 30 on Saturday  

National Electronic Funds Transfer (NEFT)

NEFT can be used for the exchange of smaller amounts of cash not reaching Rs. 99,999. Customers should follow the same protocol as set down for RTGS to use this platform. For customers of Yes Bank, NEFT transfers are available on all working days, except Sundays and national holidays. In order to initiate fund transfer through NEFT you need the following details of the beneficiary:

  • Name of the beneficiary as per his / her bank account
  • Type of account and bank account number of the beneficiary
  • Bank name, branch, IFSC code of the beneficiary
  • Amount to be transferred to the beneficiary

Time frame to use Yes Bank NEFT fund transfer service

Transaction requests imposed on weekdays for 1,830 hours and on Saturday for 1,230 hours will be debited automatically and sent to RBI on the next working day for approval. Transfer requests raised by internet banking on NEFT holidays and on Sundays will also be debited automatically and sent to RBI on the next working day for clearance.

  • For net banking: 24 x 7
  • Branch Request: 09. 00 – 16. 30 (from Monday to Friday) and 09. 00 – 12. 00 (on Saturday)

Methods to locate Yes Bank IFSC Code

During the transfer of funds, the IFSC code ensures system route payments to the relevant branches. Once all the necessary information are given by the payer, then the fund can be transferred in a hassle-free form to the payee's account with the aid of the IFSC Code. Therefore, the proper functionality of NEFT, RTGS, and IMPS is highly dependent on YES Bank and other banks' IFSC code as well. Customers can use any of the methods listed below to check for the YES BANK IFSC Code- 

Cheque book- On the banks' cheque book, the codes are printed. At the top of the cheque, the IFSC code is stated, while at the bottom of the cheque there is the cheque number and MICR code.

Via Passbook issued by Yes Bank- The IFSC Code can also be found by bank account holders on the account passbook issued by the bank.

Through the official website of RBI- These codes can also be checked by account holders of their respective bank branch by accessing the official website of the Reserve Bank of India.

Digital Banking- Customers can also search this using the credentials in the mobile application of the bank or via internet banking after signing in to their net banking or mobile banking account.    

Yes Bank Wire Transfer

YES BANK, allow International Wire Transfers from any of your regional banks to offer you the versatility to send money to any YES BANK account in India. Only go to your nearest bank branch now and allow them to credit your NRI account from the correspondent bank in concern. The currency you choose to use for the transfer of funds can also be specified.

YES BANK Wire Transfer/ SWIFT

  • One of the simplest offline ways of transferring funds to India is Wire Transfer.
  • No matter where you are in the country, just step in and submit Wire Transfer orders to your nearest overseas bank. The money will be transferred to the YES BANK account of your beneficiary in India,

Advantages

  • Simplicity: what you need to do is issue an order for a wire transfer to your nearest overseas bank.
  • Seamless: Within 24 hours to 48 working hours of YES BANK receiving funds the amount is transferred to the beneficiary account 

Specifics required for Wire Transfer

  • Your name
  • Bank name where you have opened your account
  • Your bank account number

Correspondent Bank Details

  • Name of the bank
  • Account Number:
  • ABA Number/ IBAN (if necessary):
  • SWIFT:

Yes Bank Immediate Payment Service (IMPS)

Considering the Immediate Mobile Payment Service (IMPS), Yes Bank customers are using their online banking account, their mobile phone or ATM to transfer money from one bank account to another. Transfer of funds is going to be successful within a matter of seconds through IMPS. The facility is open 24/7 for 365 days a year under which the funds are transferred to the beneficiary’s account instantly.

Eligibility required to use Yes Bank IMPS Fund Transfer facility

Customers need to fall under the following criteria in order to be eligible for the Yes Bank IMPS fund transfer: 

  • For the Yes Bank IMPS transfer, only account holders of Yes Bank are eligible. 
  • Mobile number of the customer must be recorded with the bank’s database
  • To transfer funds from one's mobile phone, online banking account or ATM to the recipient, a Mobile Money Identifier (MMID) should be linked to their bank account.
  • In order to allow a transfer from one account to another, he / she should also have an MPIN.
    Customers can only receiver funds those who do not have an MPIN  

Pros of Yes Bank IMPS

Mentioned below are some of the properties of Yes Bank IMPS Fund Transfer.

  • Using the IMPS fund transfer you can transfer up to Rs 50,000 per day
  • Via the mobile app, online banking account or an ATM, customers can transfer funds instantly to a beneficiary
  • Both the sender and the receiver will get a message approving the transaction once the transaction has been processed.
  • Also, after banking hours, on bank and public holidays and on Sundays, customers can transfer funds on a 24x7x365 basis.
  • Utility bills, DTH top-up, pay credit card outstanding, making online transactions, purchasing travel tickets etc can be rendered via IMPS.
  • The use of IMPS can be facilitated by all customers having a Yes Bank net banking or mobile banking account
  • IMPS fund transfer is real-time and completely free of charge or hidden costs
  • To receive the funds, beneficiaries do not have to be registered in any mobile banking facility.

How to  initiate fund transfer through Yes Bank IMPS?

Using the IMPS fund transfer, there are three ways adopting which a Yes Bank's customer can transfer funds:

Online or Net Banking: The user needs to add the payee and then transfer the money in order to make an IMPS transfer using his or her net banking account. The specifics for future transactions will be maintained once the beneficiary is added. 

Steps to add beneficiary

  • Sign in to your Yes Bank net banking account and select “IMPS Fund Transfer”
  • Now click on ‘Add Payee’’ in order to add the beneficiary of the same bank or from another bank.
  • Specify the required details of the beneficiary such as account name, bank account number, type of account and IFSC code.
  • Once done click on ‘Confirm’ to add the beneficiary

IMPS Fund Transfer Through Yes Bank Mobile Banking

Here, also, the customer will have to enter the recipient's information first and then carry out the process for the transfer of funds via IMPS. Within 30 minutes, the payee will be verified by the bank.

  • Select “IMPS Transfer funds” and then opt “IMPS using IFSC code” or “IMPS using MMID”.
  • Now enter the amount that you want to transfer to the beneficiary and confirm the same
  • An OTP will be generated on your registered mobile number
  • Enter the OTP on the space provided and your transaction will be successful once the OTP is verified.

Add beneficiary

  • Open the Yes Bank mobile app and sign in to your mobile banking account using the required credentials
  • Now tap on the ‘Select Funds’ option and opt whether the beneficiary is from Yes Bank or from another bank.
  • Now specify the required details of the beneficiary and tap on ‘Continue’
  • An OTP will be generated on your registered mobile number, verify the OTP and the process will be completed.

IMPS Fund Transfer Through Yes Bank ATM

An IMPS transfer can also be facilitated by Yes banking customers via a Yes Bank ATM. The user will have to enter the recipient's details first and then he or she will be able to transfer the money. 

Add beneficiary

  • Visit your nearest Yes Bank ATM and insert your debit card in the ATM card slot.
  • Tap on ‘Fund Transfer’ option and select ‘IMPS’
  • Once done, select the ‘Registration’ option and enter your registered mobile number
  • Once done, an SMS will be sent to your mobile number, re-enter your mobile number on the space provided and you are done.    

What are the details required of the beneficiary for using Yes Bank IMPS?

The remitter is required to provide the recipient 's details in order to allow an IMPS transfer. Using the MMID or the IFSC code of the beneficiary, the account holder can transfer funds to the beneficiary.\

MMID: If the remitter transfers funds through the MMID, the recipient is required to have the MMID of the recipient. The MMID is a unique seven-digit number that every account holder is provided with. The first four digits represent the bank's unique code. The below-listed specifics are required when you make an IMPS transfer using the beneficiary's MMID:

  • Name of the recipient
  • MMID of the recipient
  • Mobile number of the recipient

IFSC: A IFSC code defines a beneficiary's bank branch, you need to enter the following details if you opt to transfer funds using the beneficiary’s IFSC code:

  • Name of the beneficiary
  • Account number of the beneficiary
  • Account type of the beneficiary
  • IFSC code of the recipient’s bank branch

Yes Bank RTGS/NEFT Form

Yes Bank RTGS Method is used for money transfer from any Yes Bank Account above 2 lakh. To make a transaction, you need to fill in the RTGS / NEFT form. The ideal spot to download Yes Bank RTGS Form, Yes Bank NEFT Challan Form, is the Bank's Website. The Bank offers a Real Time Gross Settlement System (RTGS) and a National Electronic Fund Transfer System (NEFT) which enables an effective, stable, economical and reliable system for transferring funds from a bank to a bank as well as from a remitter's bank account to a recipient's bank account in another bank throughout the country.     

How to initiate offline NEFT fund transfer service using Yes Bank NEFT Form\?

Even if online banking and mobile banking facilities are not enabled, an account holder can also trigger the NEFT transaction. This can be achieved at any nearest bank branch by fulfilling the Yes Bank NEFT Form. The Yes Bank NEFT form is also available for download from the official Yes Bank website. The website can be accessed and the NEFT form can be downloaded. You will have to print the form, fill in all the requisite information and send the form to the Yes Bank branch after downloading the pdf file.

Specifics required to fill in the Yes Bank NEFT form

  • Name of the recipient
  • Account number of the recipient
  • IFSC code of the recipient’s bank branch
  • Valid mobile number of the remitter
  • Valid account number of the remitter
  • Name of the remitter

For making the NEFT transfer online, the above-listed details are required to fill in the Yes Bank NEFT form.

Procedure to initiate NEFT fund transfer via Yes Bank Net Banking

  • Sign in to Yes Bank Retail Net Banking portal and click on the “Other Bank Transfer – NEFT” under the Funds Transfer section.
  • Fill in required details such as transfer amount, account number, IFSC Code, name of the beneficiary.
  • A unique transaction confirmation number is generated after these details are submitted. For any query relevant to the NEFT transfer, this number can be used.    

Yes Bank MMID

A systematic and intuitive framework that can be used by a bank customer to use the facilities of the bank has been allowed by numerous online platforms. Yes Bank is one of the initial arrivers of an online banking platform and has made it easy for its customers to remotely conduct transactions. Online payment platforms and money transfer services have become one of the smartest and most unique advancements in this sector. A customer can now transfer any amount of money to another person having a bank account with the same bank or another bank, under defined limits, using payment mechanisms such as NEFT, RTGS and IMPS. IMPS is among the most essential and established payment mechanisms that enables a customer to transfer an amount of money in real time, instant and securely. Advanced as an Immediate Payment Service, IMPS is a revolutionary banking service that allows a customer, in real time and instantly, to transfer an amount of money to another person's bank account. This implies that when a person transfers money to another person through the IMPS mode at the same time as the payment is made, the balance is credited to another person's account. Currently, IMPS is considered one of the most revolutionary ways of electronic fund transfer. Through using his or her mobile phone, one can use the IMPS service or even sign in to their bank account and use the facility.  

How to use Yes Bank IMPS service?

Both parties to the transaction of money, which usually include the sender and the recipient must have an MMID code with them to use the IMPS facility. As we all know that Mobile Money Identifier is referred to as MMID. Each bank associated in the delivery of services such as NEFT, RTGS and IMPS will also offer this code to its customers so that they can use the facility to transfer funds to another party using their mobile number and code instead of their account number at their request. A way for a Yes Bank customer to transfer funds to another individual is also to use Yes Bank MMID. A MMID code is only provided to a customer against a mobile number that is linked to the bank account. And in order to use IMPS service both the sender and the receiver should have the MMID code with them. You need to follow the below listed steps in case you want to receive funds via IMPS service:

  • First you need to register your mobile number with his bank account at YES bank.
  • Once your mobile number is registered with the bank you will get MMID
  • Now in order to receive funds from the sender, you will have to share your mobile number and MMID code with the sender.
  • Once transfer is initiated by the sender and the same is completed successfully you will get an SMS confirmation on your registered mobile number. 

Yes Bank IMPS Charges

Yes Bank Immediate Payment Service or IMPS is an instant fund transfer mechanism initially introduced via mobile phones and now spread to net banking and ATMs from Yes Bank to another bank. You need the account number of the recipient and the IFSC or Aadhaar number if you want to transfer money via Yes Bank IMPS. With a Mobile Money Identification Number (MMID) and mobile number, you can also trigger payment via IMPS. Through using the Yes Bank IMPS service for making and accepting payments, you will get the following functionality and advantages.

Immediate fund transfer service: The transactions made through Yes Bank IMPS are not settled batch-wise, unlike any other form of fund transfer, this implies that the recipient will get the payment instantly.

On the go service: On a 24/7 basis, even on bank holidays, you can do Yes Bank IMPS transactions. Customers can therefore trigger fund transfers easily anywhere and at any point.

Can be used through multiple channels: yes Bank IMPS transactions can be carried out through different networks, such as online banking, mobile banking, as well as through an ATM service.

Instant confirmation: The transactions are secure and effective with Yes Bank IMPS. Mobile-based confirmation will be provided to you for every transaction made via IMPS.  

 

 

 

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