How to check the IFSC code in the Yono app

The IFSC code stands for the Indian Financial Service Code which is a unique identification code for each branch of a bank. The IFSC code is issued by the Reserve Bank of India to help ensure safe and secure transactions. The Indian financial service code is an 11-digit alphanumeric code that is required for transferring funds within the country. It also provides various banking services like RTGS, NEFT, and IMPS, which help ensure money is transferred through the correct route. In this article, we’ll talk about what the IFSC code is and how to check the IFSC code in the Yono app. As we all know, the Indian financial service code which is known as the IFSC code plays a very important role in transferring funds within a country. It has become easier by using the Yono application. The IFSC code is given by the Reserve Bank of India to each branch of the banks. This code is helpful for safe and secure money transfers within a country.

What is the Yono application?

The Yono application stands for “You Only Need One.” It is a popular digital banking platform which is established by the State Bank of India to provide various services to its customers such as flight trains, bus taxi bookings, online shopping for medical bills, and much more. The mobile app works well on Android and iOS devices. The Yono app was developed by IBM which stands for International Business Machines Corporation on 24th November 2017.

How to check IFSC code in Yono App?

To check the IFSC code in the Yono app, you have to follow some of the basic steps which are given below:

Get the Yono app by downloading it from the Play Store or App Store.
Now you must log in with your user ID and password.
In the third step you must click on your account and after selecting the account see the transaction details.
Now click on “View Transactions.” There you will find your transaction history along with your IFSC code.

How to register in the Yono app?

To register in the Yono app, you have to follow some of the basic and simple steps which are given below:

Get the Yono app by heading over to the Play Store or App Store.
In the next step, you must allow the app to access your device’s location by clicking on the button “Allow”.
Now, click on the “Register now” button.
Kindly activate the phone call feature in the Yono SBI app by choosing “Allow.”
The Yono app will verify your details. After that enter your Internet banking details and enter the one-time password which is generated on your phone number.
Click on the “Next” option for successful registration on Yono App..

How to find the IFSC code- other ways

You must follow some of the basic steps to find your IFSC code which are given below:

You can locate your IFSC code in your bank passbook; it’s printed on the front sheet along with your other account details.
To find the IFSC code of your bank account, you can also use the Reserve Bank of India’s official website by adding your bank and branch name.
The branch locator tool can also be very useful; just enter your state, city, and bank branch details.

Components of IFSC code

The Indian financial service code consists of three components that are given below:

The first four characters are considered as the bank code which is specifically used for representing the specific bank.
The 5th character is 0, which is always reserved for future use).
The last 6 digits are specifically used for identifying the bank branch.

Importance of IFSC code

The importance of IFSC code is mentioned below:

The Indian financial service code is used to ensure that the funds are transferred to the correct bank branch or to the correct individual account without any type of fraud.
It supports paperless transactions or electronic transfers such as NEFT, RTGS, and IMPS which helps eliminate the need for physical checks.
The IFSC code helps ensure secure and hassle-free transactions and allows access to online payments for shopping, paying EMI bills and many more.
The Indian Financial Service Code helps prevent fraud and acts as a monitor to regulate electronic transactions with transparency and security.

Conclusion

To find the IFSC code on the Yono App, you need to open the Yono application on your mobile device and check the transaction history of your account. You will find the IFSC code mentioned in the transaction history. There are various other ways to check the IFSC code such as you can find it printed on the passbook, welcome letter while opening the account, etc.

FAQs

How can you find the IFSC code online?

For finding your IFSC code you must visit the official website of your bank.

How to check the IFSC code in the State Bank of India online?

To check the IFSC code status in SBI bank you can visit the official website of the State Bank of India, or it can also be done through the SBI Yono app.

What is the full form of the Yono app?

The yono app stands for “You Only Need One.” It is a digital banking platform established by the State Bank of India to provide various online services to its customers.

Who are the developers of Yono applications?

The Yono application is developed by International Business Machines Corporation, also known as Big Blue, the headquarters of this corporation is situated in New York.