IFSC Code of Yes Bank, Mahanagar Nagrik Sahkari Bank Korond Branch, Madhya Pradesh

This page lists the IFSC code, branch address, contact number and fund-transfer information for Yes Bank, MAHANAGAR NAGRIK SAHKARI BANK KOROND branch in BHOPAL. The 11-digit IFSC YESB0MNSB03 uniquely identifies this branch in the RBI's centralised payments network and is required for every NEFT, RTGS or IMPS transaction routed to this branch. If you are paying somebody who banks with Yes Bank at the MAHANAGAR NAGRIK SAHKARI BANK KOROND location, this is the only IFSC you need.

We have organised this page into clearly labelled sections so you can jump straight to the part that interests you — the IFSC and MICR details, the full postal address, the contact phone number, a quick primer on NEFT, RTGS and IMPS, the typical product line-up at the branch, and a frequently asked questions section that addresses the queries people raise most often about this branch.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Yes Bank – MAHANAGAR NAGRIK SAHKARI BANK KOROND is YESB0MNSB03. The first four letters YESB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters MNSB03 map to this branch in BHOPAL, MADHYA PRADESH.

About Yes Bank

Yes Bank operates a wide network of branches across India, including the Mahanagar Nagrik Sahkari Bank Korond branch in Bhopal. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, YESB0MNSB03.

Mahanagar Nagrik Sahkari Bank Korond branch overview

Located at PLOT NO 02,KAROND CHOURAHA BY PASS ROAD,BHOPAL -462038, the Mahanagar Nagrik Sahkari Bank Korond branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC YESB0MNSB03 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Yes Bank's MAHANAGAR NAGRIK SAHKARI BANK KOROND branch came to be assigned the code YESB0MNSB03.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC YESB0MNSB03, money simply cannot be routed to the MAHANAGAR NAGRIK SAHKARI BANK KOROND branch electronically.

MICR & cheque-truncation details

Cheques drawn on the Mahanagar Nagrik Sahkari Bank Korond branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC YESB0MNSB03 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC YESB0MNSB03

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 YESB0MNSB03 across all three.

How to use IFSC YESB0MNSB03 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Yes Bank's MAHANAGAR NAGRIK SAHKARI BANK KOROND branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC YESB0MNSB03.
4. Confirm the bank name auto-populates as Yes Bank and the branch as MAHANAGAR NAGRIK SAHKARI BANK KOROND.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC YESB0MNSB03

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Yes Bank – MAHANAGAR NAGRIK SAHKARI BANK KOROND, ensure your bank's portal accepts IFSC YESB0MNSB03 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Yes Bank MAHANAGAR NAGRIK SAHKARI BANK KOROND (IFSC YESB0MNSB03)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC YESB0MNSB03 in your mobile or internet banking app, and the money is credited to the MAHANAGAR NAGRIK SAHKARI BANK KOROND branch account within seconds.

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

All three modes accept the IFSC YESB0MNSB03 for Yes Bank – MAHANAGAR NAGRIK SAHKARI BANK KOROND, 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 Mahanagar Nagrik Sahkari Bank Korond 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.

UPI payments and IFSC YESB0MNSB03

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Yes Bank – MAHANAGAR NAGRIK SAHKARI BANK KOROND is still mapped to IFSC YESB0MNSB03. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC YESB0MNSB03 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Mahanagar Nagrik Sahkari Bank Korond branch is mapped to IFSC YESB0MNSB03 on the RBI payments network. The branch generally supports the full retail product catalogue of Yes Bank, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains YESB0MNSB03.

Banking services available

The Mahanagar Nagrik Sahkari Bank Korond branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 755-4098001.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC YESB0MNSB03

Online banking and IFSC YESB0MNSB03

Yes Bank customers can register for net banking and the bank's official mobile app once their account at the MAHANAGAR NAGRIK SAHKARI BANK KOROND 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 YESB0MNSB03 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.

Reaching the branch

The Mahanagar Nagrik Sahkari Bank Korond branch sits at PLOT NO 02,KAROND CHOURAHA BY PASS ROAD,BHOPAL -462038. If you are travelling from outside Bhopal, search for the branch on a maps application using the bank name and locality, or call 755-4098001 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 YESB0MNSB03 and your account number.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Yes Bank – MAHANAGAR NAGRIK SAHKARI BANK KOROND:

• The IFSC is exactly YESB0MNSB03 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Yes Bank as the bank name and MAHANAGAR NAGRIK SAHKARI BANK KOROND as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

Working hours

Branch counters at Mahanagar Nagrik Sahkari Bank Korond 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 YESB0MNSB03 continue to work without interruption.

Verifying IFSC YESB0MNSB03 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 YESB0MNSB03 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 755-4098001.
• Visiting the bank's official branch locator page.

Branch address & contact

Frequently asked questions

Final notes

To recap: YESB0MNSB03 is the IFSC code of Yes Bank, MAHANAGAR NAGRIK SAHKARI BANK KOROND branch, in BHOPAL, MADHYA PRADESH. 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.