IFSC Code of Yes Bank, Progressive Coop Bank Ltd Kalbadevi Branch, Maharashtra

If you are searching for the IFSC code of Yes Bank, PROGRESSIVE COOP BANK LTD KALBADEVI branch in MUMBAI, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is YESB0PB0005. 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 PROGRESSIVE COOP BANK LTD KALBADEVI branch, and detailed step-by-step guides for using the IFSC YESB0PB0005 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.

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 PROGRESSIVE COOP BANK LTD KALBADEVI branch, the IFSC YESB0PB0005 breaks down as follows: YESB identifies the bank, 0 is the reserved character, and PB0005 identifies this particular branch.

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 Progressive Coop Bank Ltd Kalbadevi branch — IFSC YESB0PB0005 — extends the bank's services to customers in and around Mumbai, Maharashtra.

Progressive Coop Bank Ltd Kalbadevi branch overview

Located at 617-B,1ST FLOOR,COOPER BUILDING CHS LTD JAGANNATH SHANKAR SHETH MARG,MUMBAI 400002, the Progressive Coop Bank Ltd Kalbadevi branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC YESB0PB0005 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 PROGRESSIVE COOP BANK LTD KALBADEVI branch came to be assigned the code YESB0PB0005.

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 YESB0PB0005, money simply cannot be routed to the PROGRESSIVE COOP BANK LTD KALBADEVI branch electronically.

How to transfer money using IFSC YESB0PB0005

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 YESB0PB0005 across all three.

NEFT to Yes Bank, PROGRESSIVE COOP BANK LTD KALBADEVI using IFSC YESB0PB0005

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 YESB0PB0005, and confirm that the system picks up Yes Bank – PROGRESSIVE COOP BANK LTD KALBADEVI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC YESB0PB0005

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 – PROGRESSIVE COOP BANK LTD KALBADEVI, ensure your bank's portal accepts IFSC YESB0PB0005 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Yes Bank PROGRESSIVE COOP BANK LTD KALBADEVI (IFSC YESB0PB0005)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC YESB0PB0005 in your mobile or internet banking app, and the money is credited to the PROGRESSIVE COOP BANK LTD KALBADEVI branch account within seconds.

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

All three modes accept the IFSC YESB0PB0005 for Yes Bank – PROGRESSIVE COOP BANK LTD KALBADEVI, 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 Progressive Coop Bank Ltd Kalbadevi 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 YESB0PB0005

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 – PROGRESSIVE COOP BANK LTD KALBADEVI is still mapped to IFSC YESB0PB0005. 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 YESB0PB0005 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Progressive Coop Bank Ltd Kalbadevi branch is mapped to IFSC YESB0PB0005 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 YESB0PB0005.

Banking services available

The Progressive Coop Bank Ltd Kalbadevi branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 22-22077725.

• 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 YESB0PB0005

MICR & cheque-truncation details

Cheques drawn on the Progressive Coop Bank Ltd Kalbadevi branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC YESB0PB0005 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Digital banking channels

Most day-to-day work that customers used to do at the Progressive Coop Bank Ltd Kalbadevi 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 YESB0PB0005 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 YESB0PB0005

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 – PROGRESSIVE COOP BANK LTD KALBADEVI, 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: YESB0PB0005.
• 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.

How to reach the Progressive Coop Bank Ltd Kalbadevi branch

The branch is located at 617-B,1ST FLOOR,COOPER BUILDING CHS LTD JAGANNATH SHANKAR SHETH MARG,MUMBAI 400002, which puts it inside Mumbai, the broader Greater Bombay district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Yes Bank Progressive Coop Bank Ltd Kalbadevi branch” — the verified location pin for IFSC YESB0PB0005 should appear at the top of the results.
2. Confirm the branch is open by calling 22-22077725 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 YESB0PB0005 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC YESB0PB0005 for Yes Bank – PROGRESSIVE COOP BANK LTD KALBADEVI, 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.

Working hours

Branch counters at Progressive Coop Bank Ltd Kalbadevi 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 YESB0PB0005 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code YESB0PB0005 belongs to Yes Bank's PROGRESSIVE COOP BANK LTD KALBADEVI branch, located at 617-B,1ST FLOOR,COOPER BUILDING CHS LTD JAGANNATH SHANKAR SHETH MARG,MUMBAI… in MUMBAI, MAHARASHTRA. 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.