IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.
YES BANK KHALILABAD ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main payment and settlement systems in India.
1) RTGS : Real Time Gross Settlement 2) NEFT : National Electronic Fund Transfer
For Example :
YES BANK KHALILABAD ifsc code : YESB0KHBKCB is 11 digit Unique IFSC Code.
First 4 characters represents Bank Code : YESB for Bank : YES BANK
5th character is Zero and it is reserved for future reference
Last 6 characters represents Branch Code : KHBKCB for Bank Branch KHALILABAD NAGAR SAH BANK COLLECTRT
Anatomy of a Cheque
The above image represent cheque format which locates IFSC Code and MICR Code in Red Box
MICR code for yes bank khalilabad represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.
MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).
MICR Code for YES BANK : 272847203 is 9 digit Unique MICR Code.
First 3 digits represents CityCode Code : 272 for City : KHALILABAD
Middle 3 digits reprents Bank Code: 847 for Bank : YES BANK
Last 3 digits represents Branch Code : 720 for Bank Branch KHALILABAD NAGAR SAH BANK COLLECTRT
Some of the most polular searches for IFSC code