IFSC Code of Yes Bank, Lokvikas Nagari Sah Bank Main Br Branch, Maharashtra

Below are the complete branch details for Yes Bank, LOKVIKAS NAGARI SAH BANK MAIN BR branch, located in AURANGABAD, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is YESB0LNSB02. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.

The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case YESB0LNSB02 for Yes Bank – LOKVIKAS NAGARI SAH BANK MAIN BR — saves you from rejected transfers, returned credits and the back-and-forth that follows them.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For Yes Bank's LOKVIKAS NAGARI SAH BANK MAIN BR branch, the IFSC YESB0LNSB02 breaks down as follows: YESB identifies the bank, 0 is the reserved character, and LNSB02 identifies this particular branch.

Branch details at a glance

Bank profile

Yes Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Lokvikas Nagari Sah Bank Main Br branch — IFSC YESB0LNSB02 — extends the bank's services to customers in and around Aurangabad, Maharashtra.

Lokvikas Nagari Sah Bank Main Br branch overview

Located at LOKVIKAS BHAVAN, 10 SEVEN HILL COLONY, JALANA RAOD AURANGABAD 431001, the Lokvikas Nagari Sah Bank Main Br branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC YESB0LNSB02 is required for all interbank electronic transfers routed through this branch.

Why every Yes Bank branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including LOKVIKAS NAGARI SAH BANK MAIN BR of Yes Bank — its own 11-character IFSC. The code YESB0LNSB02 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC YESB0LNSB02 the same way you would treat your account number — verify it once and save it carefully for future use.

How to transfer money using IFSC YESB0LNSB02

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC YESB0LNSB02 across all three.

NEFT to Yes Bank, LOKVIKAS NAGARI SAH BANK MAIN BR using IFSC YESB0LNSB02

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC YESB0LNSB02, and confirm that the system picks up Yes Bank – LOKVIKAS NAGARI SAH BANK MAIN BR. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to LOKVIKAS NAGARI SAH BANK MAIN BR

If you need to transfer ₹2 lakh or more in one go to an account at Yes Bank's LOKVIKAS NAGARI SAH BANK MAIN BR branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC YESB0LNSB02 while initiating the transfer and the credit will appear within minutes.

IMPS to Yes Bank LOKVIKAS NAGARI SAH BANK MAIN BR (IFSC YESB0LNSB02)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC YESB0LNSB02 in your mobile or internet banking app, and the money is credited to the LOKVIKAS NAGARI SAH BANK MAIN BR branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC YESB0LNSB02 for Yes Bank – LOKVIKAS NAGARI SAH BANK MAIN BR, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Lokvikas Nagari Sah Bank Main Br branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Yes Bank's LOKVIKAS NAGARI SAH BANK MAIN BR branch, the IFSC YESB0LNSB02 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Account types you can open at the Lokvikas Nagari Sah Bank Main Br branch

Once you have an account at Yes Bank – LOKVIKAS NAGARI SAH BANK MAIN BR, the IFSC YESB0LNSB02 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Products and services

Customers walking into the Lokvikas Nagari Sah Bank Main Br branch can access most of Yes Bank's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC YESB0LNSB02

MICR & cheque-truncation details

Cheques drawn on the Lokvikas Nagari Sah Bank Main Br branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC YESB0LNSB02 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC YESB0LNSB02

Yes Bank customers can register for net banking and the bank's official mobile app once their account at the LOKVIKAS NAGARI SAH BANK MAIN BR branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC YESB0LNSB02 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

Common mistakes to avoid when using IFSC YESB0LNSB02

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Yes Bank – LOKVIKAS NAGARI SAH BANK MAIN BR, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: YESB0LNSB02.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

Reaching the branch

The Lokvikas Nagari Sah Bank Main Br branch sits at LOKVIKAS BHAVAN, 10 SEVEN HILL COLONY, JALANA RAOD AURANGABAD 431001. If you are travelling from outside Aurangabad, search for the branch on a maps application using the bank name and locality, or call 240-2341724 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC YESB0LNSB02 and your account number.

Verifying IFSC YESB0LNSB02 from official sources

The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm YESB0LNSB02 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 240-2341724.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Lokvikas Nagari Sah Bank Main Br are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to YESB0LNSB02 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: YESB0LNSB02 is the IFSC code of Yes Bank, LOKVIKAS NAGARI SAH BANK MAIN BR branch, in AURANGABAD, MAHARASHTRA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.