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HDFC Bank IFSC Code

IFSC stands for Indian Financial System Code, which is a key issued by the Reserve Bank of India (RBI). It helps streamline the fund transfer process and make it error-free. IFSC code is an 11-digit alphanumeric code and is unique for each bank branch. This code is used for electronic fund transfers like IMPS, NEFT and RTGS. HDFC IFSC code, like other bank codes, is unique and different for each of the branches all over India. Before initiating any type of fund transfer transaction, it is important that all remitters use the right HDFC Bank IFSC code.

Let’s take a few examples and understand the uniqueness of HDFC IFSC codes.

The HDFC IFSC code for the HDFC branch at Borivali East in the Mumbai district of Maharashtra is HDFC0001106. Here, the first four letters of the 11 digit code stand for the name of the bank. The fifth digit is mostly ‘zero’, and all the banks keep it as zero for later use. The last 6 digits represent the specific bank branch, which in this case is Borivali East.

Take a look at the HDFC IFSC codes of different HDFC branches in the same city.

City

Branch

IFSC Code

Mumbai

Goregaon East

HDFC0001120

Mumbai

Juhu

HDFC0001205

Mumbai

Dadar

HDFC0000084

Though all the branches are in the same city-Mumbai, of Maharashtra, they all have different IFSC codes.

How to Search for HDFC Bank IFSC & MICR Code

The HDFC IFSC code and MICR code or the Magnetic Ink Character Recognition Code can be found in the cheque books provided by the bank. On a cheque leaf, HDFC Bank MICR code can be found at the bottom of a cheque. The second set among the three sets of numerics at the bottom of the cheque leaf is called a MICR code. IFSC code can be found on the top left corner of the cheque leaf under the logo of the bank. 

You can also find the HDFC IFSC and HDFC MICR codes online on many third-party websites. The same information is available on the official website of HDFC Bank too. You can find more information related to the HDFC Bank IFSC and MICR codes on Finserv MARKETS. 

How to Transfer Money Using HDFC Bank NEFT, RTGS and IMPS Processes

Any HDFC Bank account holder can use fund transfer processes like NEFT, RTGS and IMPS to transfer an amount from their respective accounts to the accounts of any HDFC branch as well as to any other bank accounts other than HDFC. To transfer funds, you should register the beneficiary and then go on to select the ‘Fund Transfer’ option. You should have the bank name, branch, IFSC code, and beneficiary account number to carry out these processes. Read ahead to know the details of the fund transfer processes.

NEFT or National Electronic Funds Transfer

Features of the NEFT are given below.

  • Hassle-free and convenient money transfer facility.

  • Doesn’t have a maximum limit if the transactions are done offline at the HDFC branch.

  • NEFT transactions can be carried out anytime, anywhere online.

RTGS or Real Time Gross Settlement

Features of the RTGS are given below.

  • A quick method of real time money transfer.

  • It has a faster settlement cycle.

  • No inter-bank or clearing house settlement issues.

  • For online transactions, a minimum of Rs. 2 Lakh and a maximum of Rs. 10 Lakh can be transferred. 

IMPS or Immediate Payment Service

Features of the IMPS are given below.

  • It is an instant interbank electronic fund transfer service.

  • Easily transfer and receive funds on weekdays, Sundays and bank holidays.

  • The money gets credited to the receiver’s account instantly.

Take a look at the timings of all money transfer processes here.

Transfer Type

Offline

Online

NEFT

24 x 7, 365 days

24 x 7, 365 days

RTGS

24 x 7, 365 days (except 11.30 PM to 00:30 AM, due to cut-off)

24 x 7, 365 days (except 11.30 PM to 00:30 AM, due to cut-off)

IMPS

24 x 7, 365 days

24 x 7, 365 days

There are transaction charges specified by the bank for NEFT transactions and that is;

Amount

Charges for NEFT

Charges for RTGS

Charges for IMPS

Upto Rs. 1 Lakh

Rs. 2 + GST

NA

Rs. 5 + GST

Rs. 1 Lakh to Rs. 2 Lakh

Rs. 10 + GST

NA

Rs. 15 + GST

Rs. 2 Lakh and above

Rs. 10 + GST

Rs. 15 + GST

Rs. 15 + GST

*All charges are subject to change.

**Source: HDFC Bank Website

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