Yes Bank
MADIKERI TOWN CO-OPERATIVE BANK LTD. BRANCH
+918272229602
Understanding IFSC Code: The Digital DNA of Yes Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the MADIKERI TOWN CO-OPERATIVE BANK LTD.
branch of Yes Bank, the code YESB0MTCOBK ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the YESB0MTCOBK Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"YESB" represents Yes Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for MADIKERI TOWN CO-OPERATIVE BANK LTD.
Payment Systems Supported by YESB0MTCOBK
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—571259252—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Yes Bank in MADIKERI typically follows the RBI holiday calendar. Digital transfers via YESB0MTCOBK for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While YESB0MTCOBK is the valid code for MADIKERI TOWN CO-OPERATIVE BANK LTD. at MADIKERI, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Yes Bank Branch List
- • MADIKERI IFSC Codes
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Financial Tools
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Branch Context
- • MADIKERI TOWN CO-OPERATIVE BANK LTD. Contact
- • Address of Yes Bank
- • MICR Code Finder
- • KARNATAKA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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