Yes Bank

Reserve bank of India has allotted IFSC codes to all the bank branches in India to easily identify the transactions which are done through a particular branch. IFSC codes are unique 11 digits codes with alphabetic and numeric characters, which are given to all bank branches, and the code won't repeat. It is mandatory to enter IFSC code or MICR codes to identify the branches to perform the cash transactions, without this code the bank branches can't transfer the funds.

These codes helps the users to ensure that the transferred funds receives to the rightful person without any error or concern.

The IFSC code for Yes bank's Uthamar Gandhi Salai, Opp Park Hotel, Nungambakkam, Chennai, Tamil Nadu-600034 is YESB0000005.

This IFSC code can be used for online money transaction via NEFT, RTGS and IMPS to any YES Bank account or to any other bank accounts, Here the first 4 alphabets YESB indicates the bank name, The fifth digit is 0 [zero] for future use, The last 6 digits 000005 indicates the particular branch of YES Bank which is located in Uthamar Gandhi Salai, Opp Park Hotel, Nungambakkam, Chennai, Tamil Nadu-600034.

IFSC code whose full form is Indian Financial System Code used for online payment applications like RTGS which is Real Time Gross Settlement, NEFT which is National Electronic Funds Transfer, IPM, from one bank to another through IMPS which is electronic Instant Mobile Money transfer Service and CFMS which is Centralized Funds Management System instructed by RBI.

RBI has allotted IFSC codes to all banks in India to find out the branches when money transfer takes place. According to RBI guidelines the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India, with the help of IFSC codes and MICR codes the online funds transaction are made easily without any confusion. This codes helps to avoid risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches to the rightful account holder at the specified branch.

Easy way to find YES bank's IFSC code and MICR code?

If the customer knows the full name of the bank and its branch location then it is easy to find the IFSC and MICR code, the customer can find the codes in the passbook and cheque books of the specified bank which is printed on the passbook, or the website of RBI also offers the entire list of IFSC codes required for the account holder. Some third party website also shows the IFSC codes in their websites.

Some of the popular financial comparison sites display the table carrying IFSC codes for Bank of Baroda's branches throughout the India. Any account holder visiting the website has to choose the Bank IFSC code link present on the home page where 4 columns are displayed. Customers must feed some bank details like the state -> district -> branch -> to get the IFSC codes or MICR codes for YES bank. The website displays all details about the bank such as the phone number, address, of the branch, name, branch code, etc...

ABOUT YES BANK

Yes bank was founded on 2004, and its one of the biggest private sector banks in India, whose headquarters is located in Bombay[Mumbai]. Due to a massive loss in 2020 RBI took control of Yes bank and later they re-constructed whole system and appointed a new CEO for Yes bank who was a former SBI's chief financial officer, and afterwards Yes bank merged with SBI who has a 30% stake in the company.

YES bank has over the 1000 branches across the nation and it has approximately 1800 ATM's in India, YES bank are planning to expand their business in foreign level by opening some branches in foreign country's states like New York in USA, Shanghai in China, Branch offices in Singapore and London in UK, and DIFC in Dubai.

The subsidiaries of Yes bank is listed below:

Yes Bank has done some serious business in Retail sector, MSME and in Corporate banking sector.

Yes bank have three subsidiaries which are shown as follows

• YES Securities (India) Limited
• YES Trustee Limited
• YES Asset Management (India) Limited.

Products and services provided by the YES Bank:-

Deposit Accounts: There are two types of accounts which can be used in the YES bank i.e. Savings Account and Current Account.
Loans: There are a total of eight types of loan system which is provided by the YES Bank i.e. Home loan, Personal loan, Two wheeler loan, Car loan, Loan against property, Gold loan, Business loan, Loan against securities.
Investments: There are two types of investments system in YES bank which is Fixed deposits and Recurring deposits.
Cards: There are two types of cards which are used in YES bank i.e. Debit cards and Credit cards.
Banking system: There are four types of Banking service provided in YES bank i.e. Balance enquiry, Mobile banking, Net banking, and Customer care services.

The total asset value of YES bank is 2,02,26,38,85,000.00 which is in Indian Rupees as of in U.S. dollars it is 2.7 billion us dollars $.

For further detail contact or write to YES bank and the address is given below;

ADDRESS:
YES BANK Tower, IFC-2, 15th Floor,
Senapati Bapat Marg,
Elphinstone (W),
Mumbai 400013,
Maharashtra,
India.
Contact number:1800 1200
E-mail: yestouch@yesbank.in