Sending Money to Yes Bank in India
How to send USD directly to Yes Bank accounts in India. Transfer times, IFSC codes, limits, and how Root delivers INR to any Yes Bank branch.
This guide is designed for NRIs in the USA sending money from the United States to Yes Bank accounts in India. Root makes it easy to send USD and have INR credited directly to any Yes Bank branch nationwide. We cover transfer steps, key requirements like IFSC codes, supported account types, fees, and important regulatory details such as TCS and PAN compliance. Whether you're supporting family or managing financial obligations in India, this guide ensures a smooth remittance experience to Yes Bank.
Yes Bank is a leading private sector bank in India with extensive NRI services and digital banking capabilities. Root currently supports transfers to NRO, savings, and current accounts at Yes Bank. NRE account support is coming soon, so NRI senders can plan accordingly for future transactions.
Quick Facts
Transfer Fee
$0 — Root charges zero fees
Exchange Rate
CHECK_LIVE (interbank rate)
Transfer Time
1-4 business days to Yes Bank
Account Types
NRO, Savings, Current accounts at Yes Bank
IFSC Required
Yes — 11-character code for recipient's branch
How to Send — Step by Step
Sign up with Root
Download the Root app or visit the website and create your account as an NRI sender in the USA. Verify your identity and US address to begin sending money to India.
Add Your Recipient
Enter the full name, phone number, and Indian bank account details of your recipient in India. Make sure the name exactly matches their Yes Bank account records to avoid delays.
Enter Yes Bank Account & IFSC Code
Input the recipient’s 11-character IFSC code and account number for their Yes Bank branch. You can find this on the Yes Bank website, mobile app, or printed on their checks.
Pro tip: Double-check the IFSC — an incorrect code can delay or return your transfer.
Enter Transfer Amount
Choose how many USD you’d like to send. Root will show you the live INR amount your recipient will receive, before any potential TCS deduction.
Review & Confirm
Review all details including recipient info, exchange rate, and total INR expected. Confirm the transfer using your preferred payment method in USD.
Track the Transfer
Monitor your transfer in real time via the Root app. Once processed, INR will be credited directly to the recipient’s Yes Bank account within 1-4 business days.
Send Money to Yes Bank with Root
Zero fees, interbank rate. INR credited directly to any Yes Bank account.
Send with RootFrequently Asked Questions
Can I send money from the USA to any Yes Bank branch in India?
Yes, Root can send INR to over 1,100 Yes Bank branches across India as long as you provide the correct 11-digit IFSC code and matching account number.
Does Yes Bank require a PAN card for large transfers?
Yes, transfers exceeding ₹500,000 (approximately $6,000) to a Yes Bank account may require the recipient’s PAN card for compliance with Indian tax regulations.
How much TCS will be applied when sending to a Yes Bank account?
If your total remittances under LRS exceed ₹7,00,000 ($8,400 approx) in a financial year, 5% TCS will be applied on the entire amount above the threshold starting October 2023.
How long does it take for money to reach a Yes Bank account?
Transfers via Root typically take 1-4 business days to be credited to a Yes Bank savings, current, or NRO account, depending on banking cycles and compliance checks.
Are NRE accounts supported for Yes Bank transfers?
Root currently supports NRO, savings, and current accounts at Yes Bank. NRE account support is not yet available but will be introduced soon.