IFSC code for Paraspar Sahayak Co-operative Bank, Paraspar sahayak co-operative bank imps, Indore, Maharashtra
Updated on: Thursday, May 1, 2025
IFSC CODE
YESB0PSCB01
Paraspar Sahayak Co-operative Bank
Paraspar Sahayak Co-operative Bank Imps, Mumbai, Maharashtra
Address
13,14,15,16, Palika Plaza M.t.h, Indore - 452007
Paraspar Sahayak Co-operative Bank
Paraspar Sahayak Co-operative Bank Imps, Mumbai, Maharashtra
Address
13,14,15,16, Palika Plaza M.t.h, Indore - 452007
Bank Details
IFSC Code
YESB0PSCB01
MICR Code
452284002
Bank Code
(Based on IFSC)
PRPX
Bank Code
(Based on MICR)
284
Contact
+919893492473
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IFSC Code of Paraspar Sahayak Co-operative Bank
Every Paraspar Sahayak Co-operative Bank branch in India has a unique Paraspar Sahayak Co-operative Bank IFSC Code. Paraspar Sahayak Co-operative Bank IFSC Code enables Paraspar Sahayak Co-operative Bank account holders to send and receive money electronically. Paraspar Sahayak Co-operative Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Paraspar Sahayak Co-operative Bank IFSC Code YESB0PSCB01
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., YESB, denotes the name of the bank which is Paraspar Sahayak Co-operative Bank.
The fifth character is 0.
The last six digits of the code, i.e., PSCB01, represents the branch which is Paraspar Sahayak Co-operative Bank
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MICR Code of Paraspar Sahayak Co-operative Bank
Every Paraspar Sahayak Co-operative Bank branch in India has a unique Paraspar Sahayak Co-operative Bank MICR Code. MICR code for Paraspar Sahayak Co-operative Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Paraspar Sahayak Co-operative Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
