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Introduction

Online bank transfers are the most convenient and secure way to transfer money. Online bank transfers are transparent and give you a clear line of transaction to protect you from any fraud or errors. HDFC Bank has around 5300 branches spread across 2700 cities. When one wants to transfer money to any one of these HDFC Bank branches, it is important to get the correct IFSC Code so that you can ensure smooth money transfer to the beneficiary’s account.

There are various ways to locate the IFSC Code of an HDFC Bank branch; you can look it up on the HDFC Bank website, you can find it on your cheque book & passbook, it is available on RBI’s IFSC page, or check it quickly with just a few clicks on CreditMantri.

What is an IFSC Code?

The Reserve Bank of India assigns a distinct eleven-digit number to each bank branch called the Indian Financial System Code or the IFSC. The particular number is a mixture of the two, alphabets and numbers, that are uniquely allocated to every single bank branch. The IFSC code is a simple component for on-line financial transactions, namely the Real Time Gross Settlement (RTGS), the Instant Payment Service (IMPS) and the National Electronic Fund Transfer (NEFT). Without the IFSC code, a financial exchange cannot be carried out because the IFSC code specifies the bank branch where the money is to be transferred.

How to identify an IFSC Code?

The IFSC code consists of 11 characters, the first four are alphabetical letters representing the name of the bank, and the branch number is represented by the last six characters (usually numeric or occasionally alphabetical). The fifth digit is automatically set to 0 (zero); as it is reserved for future use. The Bank IFSC Code enables NEFT & RTGS to send messages to banks / destination branches.

What is the importance of an IFSC code?

The main purpose of the IFSC Code is to ensure that the funds are allocated to the correct account in the appropriate branch. The IFSC Code enables exchange between two banks as the transferring of funds is carried out. Here are some of the other benefits of the IFSC Code:

  • It helps to move funds to the correct account in the right bank. The IFSC code is unique to every bank or branch.
  • Allows a faster and easier transfer of money between bank accounts
  • Removes the possibility of theft or hacking by using the IFSC Code
  • The IFSC Code shall allow a direct transfer between the sender and the recipient. When a digital transaction takes place, both parties will get alerts or e-mails from the banks concerned, whether it is a credit transaction or a debit transaction.
  • Enable it much easier for banks to validate the settlement process.
  • Promotes purchases of paperless currency. You will now benefit from an electronic, paperless bank transfer with the assistance of the IFSC. It seeks to make banking environmentally sustainable. Business transactions, based on IFSC codes, have become simple, fast and paperless.

How to find the IFSC Code of a HDFC Bank Branch?

HDFC Bank has more than 5300 branches across India. It is important to use the correct IFSC code so that the amount is transferred to the right bank account. HDFC Bank has a dynamic webpage that gives all the relevant information required for your fund transfer. It is very easy to locate the IFSC Code of an HDFC Bank Branch;

On your HDFC Bank cheque book and passbook

Your bank branchs IFSC Code is always printed on your passbook and cheque book. Your cheque book and passbook have a lot of important information regarding your bank branch. Your branch name, branch address, contact number and IFSC Code are some of the information you can find there. However, they will only have the IFSC Code of your bank branch and not the other branches. If you need the IFSC Code of other branches, follow one of the below methods.

On HDFC Bank Official Webpage

You can find the IFSC Code for any branch of HDFC Bank on their official webpage. On the homepage of HDFC Bank, click on ‘Locate Us’ on the top of the page. On this page, you can search for a particular branch using the state, city name & locality name. It will display a list of all branches in the particular locality. You can then click on the particular branch you are looking for. The displayed details of the branch will include the IFSC Code, contact details, address and other details for your convenience.

On the RBI website

The official RBI website has a separate section to find the IFSC Code for all banks. Login to the official RBI website. Scroll down to the bottom of the page to find More Links.  Choose IFSC / MICR Codes from this list. Here you can pick the name of the bank from the drop-down list and enter the name of your branch to find the IFSC code.

On the Internet

You can do a simple search on the Internet for the ‘HDFC Bank IFSC Code and there are a dozen websites that will provide you with the details.

How to find the IFSC Code of HDFC Bank on the CreditMantri website?

CreditMantri would allow you to check for an IFSC code for any bank branch within seconds. It has a host of other details for your use in all divisions of the HDFC Bank. Youll get a one-stop solution for all banking needs by signing in to CreditMantri.

Here are the steps to find the HDFC Bank Branch IFSC Code:

  • Login to the CreditMantri website
  • Tap the Community button in the top menu bar and select Resources.
  • Choose IFSC and MICR Codes Directory from this collection.
  • It lists all banks with their own names and logos. You can pick the HDFC Bank from this page.
  • You can also use the search bar at the top to locate your bank easily. In one shot, you can choose the name of the bank, state, district and branch to get the information.
  • It gives you all the relevant details about the bank for your convenience.

How do I transfer funds using the IFSC Code?

Money transactions via Netbanking are quite easy. All you need is the recipients account number and the branch name to trigger a transfer of funds.

  • Login to your account for Netbanking.
  • Choose Fund Transfers and go to Add Payee.
  • You need to type the name of the receiver (as on the account), the right account number and the IFSC branch code to add the payee.
  • You can find the IFSC Code branch on the website of the bank or on the CreditMantri.
  • Once you have added the payee, you can immediately transfer the funds to them via NEFT, IMPS or RTGS.

FAQs

1. What is the benefit of IFSC Code?

IFSC Code enables you to transfer money between bank accounts. It ensures that the money is transferred to the correct account in the correct branch. It also makes money transfers fast and instant.

2. What is the format of IFSC codes?

The IFSC code is made of 11-characters; The first four are alphabetic characters representing the bank name, and the last six characters (usually numeric, sometimes alphabetic) represent the branch. The fifth character is 0 (zero) and is currently reserved for future use. Bank IFSC Code allows the NEFT & RTGS systems to direct the messages to the destination banks/branches.

3. Can I transfer money without IFSC code?

The answer is both yes and no. In order to transfer money via Netbanking, IFSC code is needed. Netbanking allows you to transfer money via NEFT, IMPS & RTGS. However, in recent years, UPI money transfers or e-wallet money transfers have gained popularity. These methods only consider the mobile number linked to yours and the recipient’s bank account, and hence does not require the IFSC for a bank to bank money transfer.

4. What is the key difference between NEFT, IMPS & RTGS?

The key difference between these three payments systems is the transfer amount limit and the timings during which you can transfer the money.

5. Is IFSC and Swift Code the same?

No, they are different. The key distinction between the two codes is that IFSC is needed when transferring funds within the country and SWIFT code is needed when transferring funds abroad.

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