IFSC Code of Yes Bank, Pragati Sahakari Bank Ltd Str Branch, Gujarat

Use this page as a one-stop reference for everything related to Yes Bank's PRAGATI SAHAKARI BANK LTD STR branch in VADODARA, GUJARAT. The branch's IFSC code YESB0PSB005 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, YESB0PSB005 is the IFSC of Yes Bank's PRAGATI SAHAKARI BANK LTD STR branch. The format is fixed: YESB = bank code, 0 = reserved, PSB005 = branch identifier.

Bank profile

Yes Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Pragati Sahakari Bank Ltd Str branch — IFSC YESB0PSB005 — extends the bank's services to customers in and around Vadodara, Gujarat.

Pragati Sahakari Bank Ltd Str branch overview

Located at MANUBHAI TOWER SAYAJIGANJ VADODARA - 390005, the Pragati Sahakari Bank Ltd Str branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC YESB0PSB005 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 PRAGATI SAHAKARI BANK LTD STR of Yes Bank — its own 11-character IFSC. The code YESB0PSB005 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 YESB0PSB005 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR & cheque-truncation details

Cheques drawn on the Pragati Sahakari Bank Ltd Str branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC YESB0PSB005 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC YESB0PSB005

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 YESB0PSB005 across all three.

How to use IFSC YESB0PSB005 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Yes Bank's PRAGATI SAHAKARI BANK LTD STR 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 YESB0PSB005.
4. Confirm the bank name auto-populates as Yes Bank and the branch as PRAGATI SAHAKARI BANK LTD STR.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

RTGS transfers via IFSC YESB0PSB005

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 – PRAGATI SAHAKARI BANK LTD STR, ensure your bank's portal accepts IFSC YESB0PSB005 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Yes Bank PRAGATI SAHAKARI BANK LTD STR (IFSC YESB0PSB005)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC YESB0PSB005 in your mobile or internet banking app, and the money is credited to the PRAGATI SAHAKARI BANK LTD STR branch account within seconds.

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

All three modes accept the IFSC YESB0PSB005 for Yes Bank – PRAGATI SAHAKARI BANK LTD STR, 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 Pragati Sahakari Bank Ltd Str 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 YESB0PSB005

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 – PRAGATI SAHAKARI BANK LTD STR is still mapped to IFSC YESB0PSB005. 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 YESB0PSB005 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Pragati Sahakari Bank Ltd Str branch is mapped to IFSC YESB0PSB005 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 YESB0PSB005.

Banking services available

The Pragati Sahakari Bank Ltd Str branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 265-2361829.

• 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 YESB0PSB005

Digital banking channels

Most day-to-day work that customers used to do at the Pragati Sahakari Bank Ltd Str 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 YESB0PSB005 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.

Reaching the branch

The Pragati Sahakari Bank Ltd Str branch sits at MANUBHAI TOWER SAYAJIGANJ VADODARA - 390005. If you are travelling from outside Vadodara, search for the branch on a maps application using the bank name and locality, or call 265-2361829 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 YESB0PSB005 and your account number.

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 – PRAGATI SAHAKARI BANK LTD STR:

• The IFSC is exactly YESB0PSB005 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 PRAGATI SAHAKARI BANK LTD STR 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.

Working hours

Branch counters at Pragati Sahakari Bank Ltd Str 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 YESB0PSB005 continue to work without interruption.

Other ways to verify the IFSC code

While this page already lists the verified IFSC YESB0PSB005 for Yes Bank – PRAGATI SAHAKARI BANK LTD STR, 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

Summary

The IFSC code YESB0PSB005 belongs to Yes Bank's PRAGATI SAHAKARI BANK LTD STR branch, located at MANUBHAI TOWER SAYAJIGANJ VADODARA - 390005 in VADODARA, GUJARAT. 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.