Every bank branch in India extending NEFT, RTGS, and IMPS services to its customers is assigned a unique code called the IFSC. The exchange of money between the bank accounts completely depends on the IFSC. Correct IFSC aids in sending the money to the intended HDFC Bank Branch.
Features of HDFC Bank IFSC
- IFSC is 11-character long and is alphanumeric in nature
- IFSC is initiated by the RBI and is allotted to all the registered banks
- IFSC helps banks to carry out secured transactions hence eliminating the risk of frauds
What is the format of the HDFC Bank IFSC Code?
| HDFC Bank Code | ZERO | HDFC Bank’s Branch Code | ||||||||
| H | D | F | C | 0 | 0 | 0 | 3 | 2 | 0 | 8 |
The first four alphabets of HDFC Bank IFSC code indicate the bank name followed by a ‘0’ and the ending 6 digits indicate the bank branch.
In the above example, HDFC0003208 is the IFSC Code of HDFC Bank's Old Goa branch, where ‘HDFC’ is the code of the bank followed by a ‘0’ and ‘003208’ indicates the Old Goa branch of HDFC Bank.
Some more examples of HDFC Bank IFSC Code -
- HDFC0000754 is the IFSC of Tezpur Branch of HDFC Bank
- HDFC0009149 is the IFSC of Aizawl Branch of HDFC Bank
- HDFC0002756 is the IFSC of Hilsa Branch of HDFC Bank
Why do we need the HDFC Bank IFSC Code?
- HDFC Bank IFSC acts as an electronic address of a bank branch so to send or receive money from one bank account to another it is necessary to have an IFSC.
- The major role of IFSC is to track the fund transactions between the bank accounts. Thus it minimizes the chances of fraud.
- IFSC plays a significant role in online banking as one can transfer funds according to his/her convenience any time from any part of the country just by knowing the beneficiary’s IFSC.
How to transfer money using HDFC Bank IFSC Code?
Be it offline banking or offline banking customers are required to provide certain key details of the beneficiary like the account holder’s name, account number, branch address, and most importantly the IFSC. Let us now understand various fund transfer systems that are being used in India for fund transfer.
HDFC Bank Fund Transfer by NEFT
NEFT is a fund transfer mode in India started by the RBI in the year 2005. It transfers money in batches and the payment settles in fixed hourly slots. The only condition for NEFT is that both the sender and receiver banks should be enabled.
HDFC Bank Fund Transfer by RTGS
RTGS is a fund transfer system whereby funds are credited in real-time into the beneficiary’s account. RTGS is mostly used by big corporates as it is meant for high-value transactions. Payment is processed on an individual basis in RTGS hence there are no delays in fund transfer.
HDFC Bank Fund Transfer by IMPS
An IMP is the latest fund transfer mode unlike NEFT and RTGS and is introduced by the NPCI. An IMP is a more customer-driven fund transfer system that can be availed using mobile phone services. It is functional 24*7 hence it is the most convenient and fast mode of fund transfer.
How to find the HDFC Bank IFSC Code & MICR Code?
- HDFC Bank IFSC is the prerequisite for carrying out any kind of fund transfer. Hence one should be aware of various platforms they can look up to get the HDFC Bank IFSC.
- Paisabazaar has come up with an IFSC Code search Tool that can be used to get the HDFC Bank IFSC. One needs to visit the official website of Paisabazaar and can search for the required IFSC.
- Apart from this one can visit the official website of the RBI. RBI supervises all the banking related activities taking place across the country hence it contains IFSC and MICR Codes off the HDFC Bank Branches.
Where to find HDFC Bank IFSC Code?
Below are some of the ways to find the HDFC Bank IFSC
- HDFC Cheque Book
- HDFC Passbook
- HDFC Online Banking
Where to find HDFC IFSC on a cheque book?
If we look at the HDFC Bank cheque book it can be seen that the IFSC is printed on the cheque page at the top section.
Where to find HDFC IFSC on a Passbook?
At the time of opening an account with the HDFC Bank, the bank provides a booklet called the passbook. One can find the IFSC of his/her branch mentioned at the front page of the passbook.
Where to find HDFC IFSC through Online Banking?
With the growing trend of online banking, banking operations have become a lot easier. Just login to the online banking platforms i.e. Net Banking and Mobile Banking app. And then Search under “My Account Details” tab.
What is the HDFC Bank MICR Code?
MICR Code is a 9-digit bar code which stands for Magnetic Ink Character Recognition. Magnetic Ink Character Recognition is actually a technology used for printing these bar codes on cheques.
The function of MICR Code is to quickly process the cheques and route the payment to the right branch. Apart from cheque clearing it also acts as a unique branch identifier.
Examples:
| HDFC Bank Branch | MICR Code | IFSC Code |
| Gadwal, Andhra Pradesh | 509240352 | HDFC Bank0001633 |
| Kampur, Assam | 782240502 | HDFC Bank0002933 |
| Vikaspuri, Delhi | 110240050 | HDFC Bank0000328 |
Where to find HDFC Bank MICR Code?
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- Cheque Book: If we look at the HDFC Bank cheque book it can be seen that the MICR Code is printed on the cheque page at the bottom section right next to the cheque number.
- Passbook: At the time of opening an account with the HDFC Bank, the banks provide a booklet called the passbook. One can find the MICR of his/her branch quoted in the passbook.
- Online Banking: With the growing trend of online banking, banking operations have become a lot easier. One can easily get the required IFSC by using the `HDFC Bank netbanking and HDFC Bank mobile banking facility.
What is the HDFC Bank Swift Code?
SWIFT Code which stands for Society for Worldwide Interbank Financial Telecommunication is a messaging system spread worldwide. This code is used by the financial institution to exchange funds between them.
It acts as a branch identifier and routes the funds to the targeted branch. The code is usually made by a combination of 8 to 11 digits.
How to find HDFC Bank Swift Code?
The most appropriate way to know the SWIFT Code of the beneficiary bank is by calling the HDFC Bank Customer care department and seeking help from them.
Difference between HDFC Bank MICR Code, SWIFT Code, and IFSC code
| HDFC Bank MICR Code | HDFC Bank IFSC | HDFC Bank SWIFT Code |
| MICR Code plays a vital in banking operations as it helps in quicker processing of cheques which further speeds up the fund transfer | IFSC is initiated by the RBI and is allotted to all the registered banks to carry out fund transfer process | SWIFT code or Number is used by the international financial institution to exchange funds between them |
| The code is made of 9-digits | IFSC is 11-character long and is alphanumeric in nature | SWIFT Code is 8 to 11 character long |
| MICR Code is used with in country | IFSC is used to exchange funds between the banks in India | SWIFT Code is used for making transaction across the globe |
Frequently Asked Questions (FAQs)
How to locate the nearest HDFC Bank Branch from IFSC Code?
HDFC Bank IFSC code is a combination of 3 essential components:
- The first 4 characters represent the bank code
- The 5th character is a ‘0’
- The remaining 6 characters signify a specific HDFC Bank branch
Hence from the last 6 characters, one can locate HDFC Bank branch
How to search HDFC Bank IFSC Code by account number?
Account-holders can’t do HDFC Bank IFSC code search by account number as of now. Accountholders can check their IFSC code of HDFC Bank branch by logging to HDFC Bank net banking portal or HDFC Bank mobile banking app.
Does HDFC Bank Credit Card has IFSC Code?
IFSC can only be used when a cardholder wishes to make HDFC Bank Credit Card payment. Apart from that IFSC has no relation with the HDFC Bank Credit Card.
What is the HDFC Bank CIF Number?
HDFC Bank CIF is a digital file containing all the essential details of an account holder. This code has a vital role to play for banks as this number can be used by the banks to retrieve the banking details of an account holder. The code comprises 11-digits and is unique to each customer of HDFC Bank.
What is the HDFC Bank BSR Code?
HDFC Bank BSR Code refers to the Basic Statistical Return Code, which is an eleven digit code given by the Reserve Bank of India. The first three digits of the HDFC Bank BSR Code identify the bank and the following four digits represent the branch. The code is utilized while filling TCS/TDS returns.
How to find the HDFC Bank Branch Code?
The first four alphabets of HDFC Bank IFSC code indicate the bank name followed by a ‘0’ and the last 6 digits indicate the bank branch.
For example, HDFC0003208 is the IFSC Code of HDFC Bank's Old Goa branch, where ‘HDFC Bank’ is the bank code followed by a ‘0’ and ‘003208’ indicates the Old Goa branch of HDFC Bank. Thus the last 6 characters give us the HDFC Bank Branch Code.