To facilitate transactions using NEFT, RTGS, and IMPS, the Reserve Bank of India issues a unique 11-digit alphanumeric code to every branch of HSBC that operate in the country. This IFSC code helps the RBI to regulate the online transactions that take place and also helps in identifying both the origin as well as the destination banks involved in the transaction.
HSBC Bank IFSC Code Format
|HSBC Bank Code||Zero||HSBC Bank's Branch Code|
All one needs to know about the HSBC IFSC Structure
- IFSC code contains 11 characters
- First 4 alphabets represent the ‘bank’
- The fifth character is zero (0)
- And last 6 numeric characters represent the ‘branch’
HSBC0110004 is the IFSC Code of South Extension Branch, Delhi
HSBC0380002 is the IFSC Code of Ahmedabad Branch, Gujarat
Why do we need the HSBC IFSC Code?
When a fund transfer is initiated to a customer of HSBC, one has to provide details including the name of the payee, account number, IFSC code of HSBC Bank's receiving branch, and the amount. Once the remitter provides all these details, he/she will be able to transfer funds easily as the IFSC Code will help in identifying the exact HSBC branch of the beneficiary bank account.
Moreover, the IFSC code is used by the RBI to keep a regular track of all the banking transactions, thereby minimising the possible chances of any discrepancy in the fund transfer process.
How to transfer money using HSBC IFSC Code?
There are three different modes of fund transfer using HSBC IFSC Code –
|RTGS is an online payment method that is meant for high-value funds transactions above Rs. 2 lakh and the transfer for the same is done on a real-time basis||NEFT is based on Deferred Net Settlement (DNS) and facilitates the transfer of funds from any bank branch to any other bank branch 24*7||IMPS is an instant fund service and works throughout the day. It can be used 24*7 to transfer funds to any other bank account|
How to search for HSBC IFSC Code?
IFSC Search Tool: Users can find IFSC code for the HSBC using Paisabazaar’s IFSC code locator tool. Any user can visit Paisabazaar.com and follow the steps mentioned below to check the HSBC IFSC code:
- Visit the IFSC Code Locator
- Enter HSBC in the bank name dropdown
- Enter the name of the state and the city
- Select the required bank branch of HSBC
- IFSC code will be displayed
- Alternatively, users can also visit the RBI’s official website to find the IFSC code of the Bank.
Where to find HSBC IFSC Code?
Cheque Leaf: IFSC code can be found on the cheque leaf of HSBC. The image below will help understand better:
As seen from the sample image, IFSC code is present at the top of the cheque whereas the cheque number and MICR code are placed at the bottom of the cheque.
Bank Passbook: One can even find the IFSC Code of HSBC on the passbook
Digital Banking Platforms: Customers can log in to the netbanking portal of the bank using the credentials and look for the IFSC code
Alternatively, one can get the IFSC code through HSBC’s mobile banking app.
What is the HSBC MICR Code?
It is a technology that is used in the banking sector in printing the MICR Codes. It is printed using the magnetic link so that numbers are readable even if it stamped over. Banks use a cheque reading machine which helps to identify the bank and the branch code to sort the cheques faster.
Structure of MICR Code
- The first three digits represent the city (City Code)
- The next 3 digits represent the bank (Bank Code)
- The last 3 digits represent the branch (Branch Code)
|Branch||MICR Code||IFSC Code|
Where to find HSBC MICR Code?
One can find out HSBC MICR Code on the following platforms:
- Cheque Leaf: MICR code can be found on the cheque leaf of HSBC.
- Bank Passbook: One can even find the MICR Code of HSBC on the passbook.
- Digital Banking Platforms: Customers can log in to the netbanking portal of the bank using the credentials and look for the MICR code.
- Some other ways are using the IFSC Search Tool by Paisabazaar & by visiting the RBI website.
What is the HSBC Swift Code?
SWIFT is a network that sends and receives information about financial transactions across the globe. HSBC SWIFT code is a unique identifier that is in the standard Bank Identifier Code (BIC) format and must be provided at the time of making international fund transfers. The code lets banks communicate messages about international transfers.
How to find HSBC Swift Code?
Get in touch with the Customer Care Department of HSBC to avail of the Swift Code.
Difference between HSBC IFSC, MICR & SWIFT Code?
|IFSC Code||MICR Code||SWIFT Code|
|Stands for Indian Financial System Code||Stands for Magnetic Ink Character Recognition||Stands for Society for Worldwide Interbank Financial Telecommunication|
|Is a unique identification code required for electronic transfer of funds via NEFT, RTGS and IMPS system||MICR code uses magnetic ink and makes the processing of a large number of cheques easier||Swift code helps in easier identification of the financial institution thus making an international transfer of money instant|
|Contains 11 alphanumeric characters||Contains 9-digits||Contains 8 to 11 characters|
How to locate the nearest HSBC branch from IFSC Code?
HSBC IFSC Code is formed by 11 characters in such a way that:
- First four characters display the bank name
- The last six give the branch information
- The fifth character is set to numeric zero for future reference
- Hence from the last six digits, one can locate the nearest bank branch
How to search HSBC IFSC Code by account number?
Accountholders can’t do HSBC IFSC code search by account number as of now. They can check their IFSC code by logging into the bank’s net banking portal or mobile banking app.
Does HSBC Credit Card have IFSC Code?
No, a credit or a debit card doesn't contain any kind of IFSC Code.
HSBC IFSC Code is a unique 11-digit number formed by the combination of alphabets and numerical used for fund transfer. The IFSC Code is assigned to each branch of the HSBC by RBI to carry out electronic fund transfers.
What is the HSBC CIF Number?
HSBC Customer Information File(CIF) Number comprises of 11-digits that are used by the bank to decode the information of their customers about the loans, Demat and KYC.
The 11 digit code is unique for each of the bank holders. And it cannot be changed. Hence, the bank can use this code to track all your information.
What is HSBC BSR Code?
BSR Code refers to Basic Statistical Returns code which is an 11-digit code allotted by the RBI to all the registered banks in India used to maintain records of all the online payments and alerts the income tax department about the payments through banks.
BSR Codes usually appear on the following documents:
- TDS certificates
- In OLTAS challan and deduct details
- In Challan Identification Number (CIN), which is unique for each challan
How to find HSBC branch Code?
If we look at the HSBC IFSC Code format, the first 4 characters represent the bank code. The fifth character is 0 (zero), whereas the last 6 characters of the code represent the respective branch.
So from the last 6 characters, one can find out the HSBC Branch code.