Use this page as a one-stop reference for everything related to Yes Bank's SHUBHLAKSHMI MAH COOP BANK RNT MARG branch in INDORE, MADHYA PRADESH. The branch's IFSC code YESB0SLMCB2 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, YESB0SLMCB2 is the IFSC of Yes Bank's SHUBHLAKSHMI MAH COOP BANK RNT MARG branch. The format is fixed: YESB = bank code, 0 = reserved, SLMCB2 = branch identifier.
Branch details at a glance
| Bank Name | Yes Bank |
|---|---|
| Branch | Shubhlakshmi Mah Coop Bank Rnt Marg |
| IFSC Code | YESB0SLMCB2 |
| MICR Code | Refer to cheque leaf |
| Branch Address | SHALIMAR PLAZA 225 R.N.T MARG INDORE - 452001 |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| Phone | 9425054079 |
Bank profile
Yes Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Shubhlakshmi Mah Coop Bank Rnt Marg branch — IFSC YESB0SLMCB2 — extends the bank's services to customers in and around Indore, Madhya Pradesh.
Shubhlakshmi Mah Coop Bank Rnt Marg branch overview
Located at SHALIMAR PLAZA 225 R.N.T MARG INDORE - 452001, the Shubhlakshmi Mah Coop Bank Rnt Marg branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC YESB0SLMCB2 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 SHUBHLAKSHMI MAH COOP BANK RNT MARG of Yes Bank — its own 11-character IFSC. The code YESB0SLMCB2 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 YESB0SLMCB2 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 YESB0SLMCB2
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 YESB0SLMCB2 across all three.
NEFT to Yes Bank, SHUBHLAKSHMI MAH COOP BANK RNT MARG using IFSC YESB0SLMCB2
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 YESB0SLMCB2, and confirm that the system picks up Yes Bank – SHUBHLAKSHMI MAH COOP BANK RNT MARG. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
RTGS transfers via IFSC YESB0SLMCB2
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 – SHUBHLAKSHMI MAH COOP BANK RNT MARG, ensure your bank's portal accepts IFSC YESB0SLMCB2 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Yes Bank SHUBHLAKSHMI MAH COOP BANK RNT MARG (IFSC YESB0SLMCB2)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC YESB0SLMCB2 in your mobile or internet banking app, and the money is credited to the SHUBHLAKSHMI MAH COOP BANK RNT MARG branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC YESB0SLMCB2 for Yes Bank – SHUBHLAKSHMI MAH COOP BANK RNT MARG, 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.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – YESB0SLMCB2 | Yes – YESB0SLMCB2 | Yes – YESB0SLMCB2 |
For most retail customers crediting the Shubhlakshmi Mah Coop Bank Rnt Marg 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 YESB0SLMCB2
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 – SHUBHLAKSHMI MAH COOP BANK RNT MARG is still mapped to IFSC YESB0SLMCB2. 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 YESB0SLMCB2 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Shubhlakshmi Mah Coop Bank Rnt Marg branch is mapped to IFSC YESB0SLMCB2 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 YESB0SLMCB2.
Banking services available
The Shubhlakshmi Mah Coop Bank Rnt Marg branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 9425054079.
- 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 YESB0SLMCB2
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 YESB0SLMCB2 and the account number together uniquely identify the Shubhlakshmi Mah Coop Bank Rnt Marg 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 Shubhlakshmi Mah Coop Bank Rnt Marg 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 YESB0SLMCB2 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.
Common mistakes to avoid when using IFSC YESB0SLMCB2
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 – SHUBHLAKSHMI MAH COOP BANK RNT MARG, 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:
YESB0SLMCB2. - 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 Shubhlakshmi Mah Coop Bank Rnt Marg branch sits at SHALIMAR PLAZA 225 R.N.T MARG INDORE - 452001. If you are travelling from outside Indore, search for the branch on a maps application using the bank name and locality, or call 9425054079 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 YESB0SLMCB2 and your account number.
Verifying IFSC YESB0SLMCB2 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 YESB0SLMCB2 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 9425054079.
- Visiting the bank's official branch locator page.
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 Shubhlakshmi Mah Coop Bank Rnt Marg branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC YESB0SLMCB2, however, work 24x7.
Branch address & contact
Yes BankShubhlakshmi Mah Coop Bank Rnt Marg Branch
SHALIMAR PLAZA 225 R.N.T MARG INDORE - 452001
Indore, Madhya Pradesh
Phone: 9425054079
IFSC: YESB0SLMCB2
Frequently asked questions
Where is Yes Bank Shubhlakshmi Mah Coop Bank Rnt Marg branch located?
Yes Bank's Shubhlakshmi Mah Coop Bank Rnt Marg branch is located at SHALIMAR PLAZA 225 R.N.T MARG INDORE - 452001, Indore, Madhya Pradesh.
How do I add Yes Bank Shubhlakshmi Mah Coop Bank Rnt Marg as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC YESB0SLMCB2, and complete OTP verification. Once activated, you can transfer funds at any time.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Shubhlakshmi Mah Coop Bank Rnt Marg branch but serve different purposes.
What is the IFSC code of Yes Bank Shubhlakshmi Mah Coop Bank Rnt Marg branch?
The IFSC code of Yes Bank, Shubhlakshmi Mah Coop Bank Rnt Marg branch is YESB0SLMCB2. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
How quickly will an NEFT transfer using YESB0SLMCB2 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Yes Bank – Shubhlakshmi Mah Coop Bank Rnt Marg reflect within 30 minutes.
Is IFSC YESB0SLMCB2 the same for all accounts at Shubhlakshmi Mah Coop Bank Rnt Marg branch?
Yes. The IFSC YESB0SLMCB2 is shared by every account held at Yes Bank's Shubhlakshmi Mah Coop Bank Rnt Marg branch. Only the account number changes from customer to customer.
Summary
The IFSC code YESB0SLMCB2 belongs to Yes Bank's SHUBHLAKSHMI MAH COOP BANK RNT MARG branch, located at SHALIMAR PLAZA 225 R.N.T MARG INDORE - 452001 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.
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