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Shri Kanyaka Nagari Sahakari Bank

SHRI KANYAKA NAGARI SAHAKARI BANK GONDPIPARI BRANCH

+917171228778

IFSC CODE
YESB0SKNS05
MICR Code 442808502
Branch Code SKNS05
City / District GONDPIPARI
State MAHARASHTRA
Office Address CHINTAWAR COMPLEX GONDPIPARI CHANDRAPUR 442702
Phone +917171228778
📍 View Branch on Google Maps

Understanding IFSC Code: The Digital DNA of Shri Kanyaka Nagari Sahakari Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the SHRI KANYAKA NAGARI SAHAKARI BANK GONDPIPARI branch of Shri Kanyaka Nagari Sahakari Bank, the code YESB0SKNS05 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 YESB0SKNS05 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"YESB" represents Shri Kanyaka Nagari Sahakari Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for SHRI KANYAKA NAGARI SAHAKARI BANK GONDPIPARI

Payment Systems Supported by YESB0SKNS05

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—442808502—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 Shri Kanyaka Nagari Sahakari Bank in GONDPIPARI typically follows the RBI holiday calendar. Digital transfers via YESB0SKNS05 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 YESB0SKNS05 is the valid code for SHRI KANYAKA NAGARI SAHAKARI BANK GONDPIPARI at GONDPIPARI, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

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Financial Tools

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Branch Context

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Platform Links

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