IFSC Code of Yes Bank, Paraspar Sahayak Coop Bank Mth Comp Branch, Madhya Pradesh

Use this page as a one-stop reference for everything related to Yes Bank's PARASPAR SAHAYAK COOP BANK MTH COMP branch in INDORE, MADHYA PRADESH. The branch's IFSC code YESB0PSCB01 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.

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 PARASPAR SAHAYAK COOP BANK MTH COMP branch, the IFSC YESB0PSCB01 breaks down as follows: YESB identifies the bank, 0 is the reserved character, and PSCB01 identifies this particular branch.

About Yes Bank

Yes Bank operates a wide network of branches across India, including the Paraspar Sahayak Coop Bank Mth Comp branch in Indore. 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, YESB0PSCB01.

Paraspar Sahayak Coop Bank Mth Comp branch overview

Located at 13,14,15,16, PALIKA PLAZA M.T.H, INDORE - 452007, the Paraspar Sahayak Coop Bank Mth Comp branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC YESB0PSCB01 is required for all interbank electronic transfers routed through this branch.

Branch details at a glance

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 PARASPAR SAHAYAK COOP BANK MTH COMP of Yes Bank — its own 11-character IFSC. The code YESB0PSCB01 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 YESB0PSCB01 the same way you would treat your account number — verify it once and save it carefully for future use.

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 YESB0PSCB01 and the account number together uniquely identify the Paraspar Sahayak Coop Bank Mth Comp branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

How to transfer money using IFSC YESB0PSCB01

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 YESB0PSCB01 across all three.

How to use IFSC YESB0PSCB01 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Yes Bank's PARASPAR SAHAYAK COOP BANK MTH COMP 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 YESB0PSCB01.
4. Confirm the bank name auto-populates as Yes Bank and the branch as PARASPAR SAHAYAK COOP BANK MTH COMP.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to PARASPAR SAHAYAK COOP BANK MTH COMP

If you need to transfer ₹2 lakh or more in one go to an account at Yes Bank's PARASPAR SAHAYAK COOP BANK MTH COMP branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC YESB0PSCB01 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Yes Bank – PARASPAR SAHAYAK COOP BANK MTH COMP, use IMPS. With IFSC YESB0PSCB01 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Paraspar Sahayak Coop Bank Mth Comp

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 YESB0PSCB01:

• 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 PARASPAR SAHAYAK COOP BANK MTH COMP is still linked to IFSC YESB0PSCB01.

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.

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 PARASPAR SAHAYAK COOP BANK MTH COMP branch, the IFSC YESB0PSCB01 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.

Products and account variants supported

Every account opened at the Paraspar Sahayak Coop Bank Mth Comp branch is mapped to IFSC YESB0PSCB01 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 YESB0PSCB01.

Products and services

Customers walking into the Paraspar Sahayak Coop Bank Mth Comp 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 YESB0PSCB01

Online banking and IFSC YESB0PSCB01

Yes Bank customers can register for net banking and the bank's official mobile app once their account at the PARASPAR SAHAYAK COOP BANK MTH COMP 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 YESB0PSCB01 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.

How to reach the Paraspar Sahayak Coop Bank Mth Comp branch

The branch is located at 13,14,15,16, PALIKA PLAZA M.T.H, INDORE - 452007, which puts it inside Indore, the broader Indore district, and the state of Madhya Pradesh. To plan your visit:

1. Open Google Maps on your phone and search for “Yes Bank Paraspar Sahayak Coop Bank Mth Comp branch” — the verified location pin for IFSC YESB0PSCB01 should appear at the top of the results.
2. Confirm the branch is open by calling 9893492473 before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC YESB0PSCB01 and your account number.

Common mistakes to avoid when using IFSC YESB0PSCB01

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 – PARASPAR SAHAYAK COOP BANK MTH COMP, 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: YESB0PSCB01.
• 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.

Branch banking hours and holidays

Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Paraspar Sahayak Coop Bank Mth Comp branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC YESB0PSCB01, however, work 24x7.

Other ways to verify the IFSC code

While this page already lists the verified IFSC YESB0PSCB01 for Yes Bank – PARASPAR SAHAYAK COOP BANK MTH COMP, 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

Final notes

To recap: YESB0PSCB01 is the IFSC code of Yes Bank, PARASPAR SAHAYAK COOP BANK MTH COMP branch, in INDORE, 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.