IFSC Code of Yes Bank, Indore Cloth Mkt Coop Bank Aerodram Branch, Madhya Pradesh

Use this page as a one-stop reference for everything related to Yes Bank's INDORE CLOTH MKT COOP BANK AERODRAM branch in INDORE, MADHYA PRADESH. The branch's IFSC code YESB0ICMB05 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, YESB0ICMB05 is the IFSC of Yes Bank's INDORE CLOTH MKT COOP BANK AERODRAM branch. The format is fixed: YESB = bank code, 0 = reserved, ICMB05 = branch identifier.

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 Indore Cloth Mkt Coop Bank Aerodram branch — IFSC YESB0ICMB05 — extends the bank's services to customers in and around Indore, Madhya Pradesh.

Indore Cloth Mkt Coop Bank Aerodram branch overview

Located at 625 KALANI NAGAR, INDORE 452005, the Indore Cloth Mkt Coop Bank Aerodram branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC YESB0ICMB05 is required for all interbank electronic transfers routed through this branch.

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 INDORE CLOTH MKT COOP BANK AERODRAM branch came to be assigned the code YESB0ICMB05.

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 YESB0ICMB05, money simply cannot be routed to the INDORE CLOTH MKT COOP BANK AERODRAM branch electronically.

How to transfer money using IFSC YESB0ICMB05

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 YESB0ICMB05 across all three.

NEFT to Yes Bank, INDORE CLOTH MKT COOP BANK AERODRAM using IFSC YESB0ICMB05

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 YESB0ICMB05, and confirm that the system picks up Yes Bank – INDORE CLOTH MKT COOP BANK AERODRAM. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC YESB0ICMB05

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 – INDORE CLOTH MKT COOP BANK AERODRAM, ensure your bank's portal accepts IFSC YESB0ICMB05 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Yes Bank INDORE CLOTH MKT COOP BANK AERODRAM (IFSC YESB0ICMB05)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC YESB0ICMB05 in your mobile or internet banking app, and the money is credited to the INDORE CLOTH MKT COOP BANK AERODRAM branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Indore Cloth Mkt Coop Bank Aerodram

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC YESB0ICMB05:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at INDORE CLOTH MKT COOP BANK AERODRAM is still linked to IFSC YESB0ICMB05.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC YESB0ICMB05

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 – INDORE CLOTH MKT COOP BANK AERODRAM is still mapped to IFSC YESB0ICMB05. 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 YESB0ICMB05 and the beneficiary's account number to complete the transfer.

Account types you can open at the Indore Cloth Mkt Coop Bank Aerodram branch

Once you have an account at Yes Bank – INDORE CLOTH MKT COOP BANK AERODRAM, the IFSC YESB0ICMB05 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 Indore Cloth Mkt Coop Bank Aerodram 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 YESB0ICMB05

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 YESB0ICMB05 and the account number together uniquely identify the Indore Cloth Mkt Coop Bank Aerodram branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Digital banking channels

Most day-to-day work that customers used to do at the Indore Cloth Mkt Coop Bank Aerodram 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 YESB0ICMB05 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.

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 – INDORE CLOTH MKT COOP BANK AERODRAM:

• The IFSC is exactly YESB0ICMB05 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 INDORE CLOTH MKT COOP BANK AERODRAM 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.

Reaching the branch

The Indore Cloth Mkt Coop Bank Aerodram branch sits at 625 KALANI NAGAR, INDORE 452005. If you are travelling from outside Indore, search for the branch on a maps application using the bank name and locality, or call 731-2629023 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 YESB0ICMB05 and your account number.

Verifying IFSC YESB0ICMB05 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 YESB0ICMB05 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 731-2629023.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Indore Cloth Mkt Coop Bank Aerodram 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 YESB0ICMB05 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code YESB0ICMB05 belongs to Yes Bank's INDORE CLOTH MKT COOP BANK AERODRAM branch, located at 625 KALANI NAGAR, INDORE 452005 in INDORE, MADHYA PRADESH. 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.