HDFC Bank IFSC Code is an 11-digit alphanumeric code assigned to each branch of the bank by the RBI (Reserve Bank of India). This code helps in making electronically transfer of funds from one bank account to another successful. Some of the unique features of HDFC Bank IFSC Code are listed below –
- Helps to uniquely identify a specific HDFC Bank's branch.
- Helps to reduce errors in the online fund transfer process.
- Used for all electronic payment options such as NEFT, RTGS, and IMPS.
HDFC Bank IFSC Code Format
|HDFC Bank Code||Zero||HDFC Bank's Branch code|
The first four alphabets of HDFC Bank IFSC code indicates the bank name followed by a ‘0’ and the last 6 digits indicates the bank branch.
In the above example, HDFC0003208 is the IFSC Code of HDFC Bank's Old Goa branch, where ‘HDFC’ is the bank code followed by a ‘0’ and ‘003208’ indicates the Old Goa bank branch of HDFC Bank.
How does IFSC Code of HDFC Bank works?
In order to transfer funds to an HDFC Bank's beneficiary account of a particular branch, one has to provide details including the name of the payee, account number, IFSC code of the receiving HDFC bank branch, and the amount.
Once the remitter provides all these details, he/she will be able to transfer funds to the beneficiary easily as HDFC IFSC code will help to avoid errors in such transactions.
How to search for HDFC Bank IFSC Code & MICR Code?
HDFC Bank customers can find their branch's IFSC Code by any of the below mentioned ways -
1. The bank account holders can search for the IFSC Code by using the online IFSC Search Tool offered by Paisabazaar by following the steps mentioned below:
- The IFSC code finder tool can be found at the top of this page
- HDFC Bank is the default bank name selected
- Enter the other details like state and city names
- Select the HDFC bank's branch to find its IFSC code
Alternatively, IFSC and MICR codes for any HDFC Bank branch can be found on the following platforms as well:
2. The bank customers can check their bank's cheque to check IFSC code. The image below will help understand better:
- IFSC code is mentioned at the top of the cheque
- Cheque number and MICR code is present at the bottom of the cheque
3. Account holders can also check the IFSC Code on their account passbook provided by the bank.
4. The Reserve Bank of India’s website is another platform.
5. The HDFC Bank customers can also find these codes in the bank’s mobile application or through internet banking after login using the credentials.
How to make fund transfer using HDFC Bank IFSC Code?
Account holders can make fund transfer using the following modes:
Under National Electronic Funds Transfer (NEFT), fund transfer settles in 23 half-hourly batches. In order to carry out fund transactions through NEFT, the sender has to provide the beneficiary’s name, IFSC code of the beneficiary bank branch, account type, and account number.
Fund transfers through the Real Time Gross Settlement (RTGS) system occurs in real-time basis. In order to carry out fund transfer, the sender needs to provide details including the name of the payee, account number, IFSC code of the beneficiary’s bank branch, and the amount.
Immediate Payment Services (IMPS) is a real time instant inter-bank funds transfer system. In order to send money the sender needs to provide beneficiary’s account no, account type, HDFC Bank IFSC Code and beneficiary’s name.
About HDFC Bank
HDFC Bank is considered to be one of the leading banks in India. Headquartered in Mumbai, the bank was incorporated in August 1994 and has 5,130 branches and 13,395 ATMs in 2,764 cities/towns as of June 30, 2019. The bank offers a wide range of banking and financial services to its customers.