IFSC stands for Indian Financial System Code. It is an 11-digit/character code that can be found on your bank's cheque book or other bank documents. Individual bank branches that participate in online money transfer methods such as NEFT, IMPS, and RTGS are identified by this 11-character code. These numbers are used to ensure that money gets transferred to the correct person without any error.
Like other Indian banks, the Reserve Bank of India has also assigned unique IFSC numbers to HSBC Bank to make the process of recognizing branches while transferring money easier. If you have an account in HSBC Bank, and you wish to do interbank or interbank transactions, you are required to provide an HSBC IFSC code.
For example, the HSBC IFSC code for Bangalore's main branch is HSBC0560002.
The name of the bank is represented by the first four letters of an HSBC IFSC code number.
The last six numbers are used to identify the branch code.
The zero in the middle.
HSBC is one of the leading banking and financial services corporations in the world. The bank deals in Retail Banking, Wealth Management, Commercial Banking, etc. They have a wide presence in 64 countries and territories, including Europe, Asia, Middle East, Africa, and North and South America.
HSBC Bank came to India in 1853 and established its headquarter in Mumbai. Over the span of more than a century, the bank has expanded significantly and now delivers products and services to corporate and commercial banking clients, as well as retail partners.
You can easily find your HSBC Bank IFSC code and MICR code online by following the given steps:
Step 1: You can use any search engine to know your HSBC IFSC and MICR codes.
Step 2: You may also visit the bank’s official website - hsbc.co.in to know the same.
Step 3: Both codes can also be found by accessing the RBI’s official website www.rbi.org.in
The details about your HSBC IFSC and MICR codes can be found on the first page of your bank's passbook and cheque book.
NEFT, also known as National Electronic Funds Transfer, is one of the most efficient methods of sending money.
Here are the steps to follow for doing transactions.
Step 1: Log in to your HSBC Bank net banking account to get started.
Step 2: From the ‘Payments & Transfers’ menu, choose 'Fund Transfer.'
Step 3: You must add the person as a beneficiary in order to transfer the funds.
Step 4: After that, you must enter information about the recipient, such as their name, bank account information, and HSBC IFSC code.
Step 5: An OTP will be sent to your registered mobile number to verify the beneficiary's registration.
Step 6: After providing the OTP, the beneficiary will be added.
Step 7: In a few minutes/hours, the newly added beneficiary will be activated.
Step 8: You can transfer funds to the beneficiary's account after the beneficiary has been activated.
RTGS is an acronym for Real-Time Gross Settlement. It is among the most secure methods of transferring considerable amounts of money.
Below are the steps to follow for a successful transaction.
Step 1: To begin, log in to your HSBC Bank net banking account.
Step 2: Select the 'Fund Transfer’ option from the ‘Payments & Transfers’ tab.
Step 3: Choose the RTGS method to transfer funds.
Step 4: Next, you must add the person as a beneficiary.
Step 5: Following that, you must enter recipient’s information such as their name, bank account information, and HSBC Bank IFSC code.
Step 6: To authenticate the beneficiary's registration, an OTP will be sent to your registered mobile number. Enter the same.
Step 7: Then, the beneficiary will be added.
Step 8: It takes a few minutes/hours to activate the beneficiary.
Step 9: After the beneficiary has been activated, you can send money to their account.
IMPS, or Immediate Payment Service, is regarded as one of the most secure and quick methods of money transfer. This option allows doing transactions 24*7.
Following are the steps to follow for performing a transaction.
Step 1: Log in to your HSBC Bank net banking account first.
Step 2: You will see the 'Payments & Transfers' tab. Pick 'Fund Transfer' alternative from the list.
Step 3: Next, to complete the process, add the person as a beneficiary.
Step 4: To add a beneficiary, you must enter the recipient's name, bank account information, and HSBC IFSC code.
Step 5: An OTP will be sent to your registered mobile number to confirm the registration. Provide the same in the requested column.
Step 6: The beneficiary will then be added as well as activated in a few minutes/hours.
Step 7: Lastly, you can do the transaction once the payee has been activated.
Here are the various details required to make a money transfer with HSBC Bank.
Beneficiary's bank account information
Details of the amount
IFSC code of the beneficiary
Details about the recipient
One-time password (OTP)
You can discover your HSBC Bank IFSC code online or in person. You can find it online by searching for it on the bank's website or by using any search engine. In the offline method, the same information may be found on your passbook or cheque book.
HSBC’s Bank code is 004.