Surat Mercantile Co-operative Bank – SURAT – GUJARAT
Last verified: 26-10-2026
IFSC Code: YESB0SMCB02
MICR Code: 395245002
Branch details
Address: 3/4155-A-B, PROPRITORY SCHOOL, BUNDELAWAD BHAGAL, SURAT – 395003
City: SURAT
State: GUJARAT
Contact: +912612334495
How to Use IFSC Code ‘YESB0SMCB02’ for Bank Transfers
YESB0SMCB02 is the IFSC code for the Surat Mercantile Co-operative Bank. The IFSC is used to identify the beneficiary bank branch for electronic fund transfers such as NEFT and RTGS.
NEFT
To send money through NEFT, enter the beneficiary’s:
- Account holder name
- Bank account number
- IFSC code: YESB0SMCB02
- Bank name: Surat Mercantile Co-operative Bank
- Branch name: SURAT MERC COOP BANK BHAGAL
Make sure the account number and IFSC are correct before confirming the transaction. RBI guidance emphasizes the importance of providing correct beneficiary account details.
RTGS
RTGS transactions are available for amounts of ₹2 lakh and above, subject to applicable bank guidelines.
Enter YESB0SMCB02 as the beneficiary’s IFSC when your bank asks for the branch IFSC.
IMPS
IMPS can be used for instant bank transfers when supported by your bank. When adding a beneficiary, enter the correct Surat Mercantile Co-operative Bank account number and IFSC where your banking app requires it.
How to Verify YESB0SMCB02 Before Transferring Money
Before making a transfer:
- Confirm that the IFSC is YESB0SMCB02.
- Check that the bank name and branch match the beneficiary’s details.
- Carefully verify the account number.
- Confirm the beneficiary name shown by your banking application, where available.
- If you have any doubt, verify the details with the beneficiary or Surat Mercantile Co-operative Bank before sending money.
Important: An incorrect account number can result in funds being credited incorrectly. RBI guidance says the account number is relied upon for crediting the beneficiary, so it should be checked carefully.
Indian Financial System Code (IFSC): YESB0SMCB02
The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).
- The first four characters represent the bank name.
- The fifth character is always ‘0’ and is reserved for future use.
- The last six characters (SMCB02) identify the specific branch.
MICR Code (Magnetic Ink Character Recognition): 395245002
The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.
