IFSC Code of Yes Bank, Memco More, Dhanbad, Jharkhand Branch, Jharkhand

If you are searching for the IFSC code of Yes Bank, MEMCO MORE, DHANBAD, JHARKHAND branch in DHANBAD, JHARKHAND, this page has every detail you need. The verified IFSC code for this branch is YESB0001516. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.

You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the MEMCO MORE, DHANBAD, JHARKHAND branch, and detailed step-by-step guides for using the IFSC YESB0001516 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular 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 – MEMCO MORE, DHANBAD, JHARKHAND is YESB0001516. The first four letters YESB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001516 map to this branch in DHANBAD, JHARKHAND.

About Yes Bank

Yes Bank operates a wide network of branches across India, including the Memco More, Dhanbad, Jharkhand branch in Dhanbad. 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, YESB0001516.

About this branch

The branch is located at PART UPPER GROUND FLOOR, PLOT NO. 103, WARD NO. 22, MEMCO MORE HIRAK ROAD, DHANBAD, JHARKHAND 828027. It serves the Dhanbad region and is connected to the bank's core banking platform, which means transactions initiated here are instantly visible across all other branches of Yes Bank. The IFSC YESB0001516 is used to identify this branch on the RBI payments network.

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 MEMCO MORE, DHANBAD, JHARKHAND branch came to be assigned the code YESB0001516.

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 YESB0001516, money simply cannot be routed to the MEMCO MORE, DHANBAD, JHARKHAND branch electronically.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Yes Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC YESB0001516 and the account number together uniquely identify the Memco More, Dhanbad, Jharkhand branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC YESB0001516

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 YESB0001516 across all three.

NEFT to Yes Bank, MEMCO MORE, DHANBAD, JHARKHAND using IFSC YESB0001516

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 YESB0001516, and confirm that the system picks up Yes Bank – MEMCO MORE, DHANBAD, JHARKHAND. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC YESB0001516

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 – MEMCO MORE, DHANBAD, JHARKHAND, ensure your bank's portal accepts IFSC YESB0001516 while registering the beneficiary. RTGS is also available 24x7.

Send money instantly through IMPS

For a real-time, anytime transfer to Yes Bank – MEMCO MORE, DHANBAD, JHARKHAND, use IMPS. With IFSC YESB0001516 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

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

All three modes accept the IFSC YESB0001516 for Yes Bank – MEMCO MORE, DHANBAD, JHARKHAND, 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 Memco More, Dhanbad, Jharkhand 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 YESB0001516

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 – MEMCO MORE, DHANBAD, JHARKHAND is still mapped to IFSC YESB0001516. 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 YESB0001516 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Memco More, Dhanbad, Jharkhand branch is mapped to IFSC YESB0001516 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 YESB0001516.

Products and services

Customers walking into the Memco More, Dhanbad, Jharkhand 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 YESB0001516

Digital banking channels

Most day-to-day work that customers used to do at the Memco More, Dhanbad, Jharkhand branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC YESB0001516 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

Reaching the branch

The Memco More, Dhanbad, Jharkhand branch sits at PART UPPER GROUND FLOOR, PLOT NO. 103, WARD NO. 22, MEMCO MORE HIRAK ROAD, DHANBAD, JHARKHAND 828027. If you are travelling from outside Dhanbad, search for the branch on a maps application using the bank name and locality, or call 326-18001200 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 YESB0001516 and your account number.

Common mistakes to avoid when using IFSC YESB0001516

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 – MEMCO MORE, DHANBAD, JHARKHAND, 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: YESB0001516.
• 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.

Working hours

Branch counters at Memco More, Dhanbad, Jharkhand 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 YESB0001516 continue to work without interruption.

Other ways to verify the IFSC code

While this page already lists the verified IFSC YESB0001516 for Yes Bank – MEMCO MORE, DHANBAD, JHARKHAND, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch address & contact

Frequently asked questions

Summary

The IFSC code YESB0001516 belongs to Yes Bank's MEMCO MORE, DHANBAD, JHARKHAND branch, located at PART UPPER GROUND FLOOR, PLOT NO. 103, WARD NO. 22, MEMCO MORE HIRAK ROAD,… in DHANBAD, JHARKHAND. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.