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

Use this page as a one-stop reference for everything related to Yes Bank's PROGRESSIVE COOP BANK LTD SION branch in MUMBAI, MAHARASHTRA. The branch's IFSC code YESB0PB0002 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 PROGRESSIVE COOP BANK LTD SION branch, the IFSC YESB0PB0002 breaks down as follows: YESB identifies the bank, 0 is the reserved character, and PB0002 identifies this particular branch.

Branch details at a glance

About the bank

Yes Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Progressive Coop Bank Ltd Sion branch in Mumbai, Maharashtra is part of this network and uses the IFSC code YESB0PB0002 for all electronic settlement.

About the Progressive Coop Bank Ltd Sion branch

The Progressive Coop Bank Ltd Sion branch of Yes Bank is situated at 94-95,RUPAM BUILDING,1ST FLOOR,SION CIRCLE,SION EAST MUMBAI 400022. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code YESB0PB0002 is used.

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 PROGRESSIVE COOP BANK LTD SION of Yes Bank — its own 11-character IFSC. The code YESB0PB0002 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 YESB0PB0002 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 YESB0PB0002

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 YESB0PB0002 across all three.

NEFT to Yes Bank, PROGRESSIVE COOP BANK LTD SION using IFSC YESB0PB0002

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 YESB0PB0002, and confirm that the system picks up Yes Bank – PROGRESSIVE COOP BANK LTD SION. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to PROGRESSIVE COOP BANK LTD SION

If you need to transfer ₹2 lakh or more in one go to an account at Yes Bank's PROGRESSIVE COOP BANK LTD SION branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC YESB0PB0002 while initiating the transfer and the credit will appear within minutes.

IMPS to Yes Bank PROGRESSIVE COOP BANK LTD SION (IFSC YESB0PB0002)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC YESB0PB0002 in your mobile or internet banking app, and the money is credited to the PROGRESSIVE COOP BANK LTD SION branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Progressive Coop Bank Ltd Sion

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 YESB0PB0002:

• 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 PROGRESSIVE COOP BANK LTD SION is still linked to IFSC YESB0PB0002.

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 PROGRESSIVE COOP BANK LTD SION branch, the IFSC YESB0PB0002 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.

Account types you can open at the Progressive Coop Bank Ltd Sion branch

Once you have an account at Yes Bank – PROGRESSIVE COOP BANK LTD SION, the IFSC YESB0PB0002 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 Progressive Coop Bank Ltd Sion 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 YESB0PB0002

MICR & cheque-truncation details

Cheques drawn on the Progressive Coop Bank Ltd Sion branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC YESB0PB0002 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

Online banking and IFSC YESB0PB0002

Yes Bank customers can register for net banking and the bank's official mobile app once their account at the PROGRESSIVE COOP BANK LTD SION 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 YESB0PB0002 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.

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 – PROGRESSIVE COOP BANK LTD SION:

• The IFSC is exactly YESB0PB0002 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 PROGRESSIVE COOP BANK LTD SION 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 Progressive Coop Bank Ltd Sion branch sits at 94-95,RUPAM BUILDING,1ST FLOOR,SION CIRCLE,SION EAST MUMBAI 400022. If you are travelling from outside Mumbai, search for the branch on a maps application using the bank name and locality, or call 22-24093657 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 YESB0PB0002 and your account number.

Verifying IFSC YESB0PB0002 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 YESB0PB0002 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 22-24093657.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Progressive Coop Bank Ltd Sion 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 YESB0PB0002 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code YESB0PB0002 belongs to Yes Bank's PROGRESSIVE COOP BANK LTD SION branch, located at 94-95,RUPAM BUILDING,1ST FLOOR,SION CIRCLE,SION EAST MUMBAI 400022 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.