To transfer amount from one bank account to other one yes bank avails the facility of IMPS, RTGS and NEFT that all yes bank existing customer use whenever they want to transfer money. Indian financial system code (IFSC) makes use of these methods quite efficient and as we know that IFSC code will be unique for all banks branch across the country. According to current statics released by reserve bank of India (RBI) there are 89 banks including their over 40000 branches across the country. As far as utility is concern IFSC code is important for transparent and accurate transfer.
Indian financial system code (IFSC) is combination of 11 alphanumeric characters. For example YESB0000119 is IFSC code of Bhopal branch. Basically first four characters refers to name of bank and as per instruction of RBI fifth one will remain zero for future use and remaining numbers refers to code of respective bank branch.
In 2004, Rana Kapoor laid the foundation of this reputed private sector bank and its head quarter is located in Mumbai. Bank is offering its services in all 35 states including union territory through its over 500 branches. As it is one of the rapidly growing private section and currently it is fifth largest private sector bank that avails products and services like branch baking, wealth management business line, corporate finance, investment banking, business banking and other exclusive financial services with complete flexibility.
One of the easiest way of getting IFSC and MICR code of yes bank is through cash book or cheque book printed by the yes bank. If someone want to use online platform like official portal of bank or reserve bank of India (RBI), Apart from these two specific options customer may use third party platform like applykaroo.com to get the correct information about yes bank particular branch ifsc and micr code along with contact address while transferring amount from one to other bank account whether it is same branch or other bank account. If someone is using the application of applykroo to know about yes bank details then he/she just need to enter information about bank name, state and district name along with branch name then desired information will appear on their gadget or device screen.
All existing customer of yes bank can use the facility of real time grass settlement (RTGS), IMPS and national electronic fund transfer (NEFT) to transfer amount from one account to other bank account.
As per transaction related policy of RBI and yes bank, under NEFT facility maximum that that can be transfer is INR 99999. Transaction under this scheme customer needs to follow some basic guideline to get the authority to perform transaction. Some important required information is listed blow to perform transaction under NEFT
a. Beneficiary name.
b. Amount type along with beneficiary account number.
c. IFSC code, name of bank along with branch name.
d. Specify the amount you are going to transfer.
e. Write any special remark for receiver or beneficiary.
When transaction amount is more than INR 1 lakhs then this method can be used to complete the process. Basically RTGS and IMPS services complete the transaction related task in real time as their name suggest that. To perform RTGS transaction in yes bank account, customer need to fill form to get the approval from bank and after approval desired or required amount can be easily transferred.
“ Apply Karoo is one of the best and reliable destination to get Useful information.”
“User Friendly environment and Easy Information for Users.”
“Here, Getting Credit Cards Information is quite simple.”