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'.
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.
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.
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:
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.
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.
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:
Here are the cut-off timings at Yes Bank for RTGS:
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:
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.
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, 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
Specifics required for Wire Transfer
Correspondent Bank Details
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:
Mentioned below are some of the properties of Yes Bank IMPS Fund Transfer.
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
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.
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.
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:
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:
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.
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
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
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.
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:
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.