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Find HDFC Bank IFSC & MICR Code

HDFC Bank IFSC Code

The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.

The HDFC Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'HDFC', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.

How to Search for HDFC Bank IFSC Codes?

If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the HDFC Bank branch. If you are looking for online IFSC Code of HDFC Bank you can find here in Goodreturns.

State Wise HDFC Bank IFSC & MICR Code

About HDFC Bank

A Bank with excellent parameters

HDFC Bank has received plenty of accolades in the past, from being the most valuable bank in India, to being the most valuable brand in India.

It was one of the first banks to have received an in principle approval by the Reserve Bank of India way bank in 1994.

This was after the liberalization of the banking sector by the government, way back in 1994. The main promoter is the prestigious, Housing Development Finance Corporation.

HDFC Bank has over the years also growth through mergers. In a milestone transaction in the Indian banking industry, Times Bank Limited was merged with HDFC Bank Ltd., in the year 2000.

Never before had two private sector banks merged until than. In 2008, the amalgamation of Centurion Bank of Punjab with HDFC Bank was formally approved by Reserve Bank of India.

As series of awards for HDFC Bank

HDFC Bank receives a number of awards each year. Among them include the KPMG India's Best Banks 2015 Awards, Bank of the year and Best Digital Banking Initiative awards, NABARD award etc in the year 2016. The list for other years is rather long.

Huge Branch Network

HDFC Bank has a huge branch network and is close on the heels of private sector banking peer – ICICI Bank.

The bank had a network of 4281 branches as of December 31, 2015. This was spread across 2,505 cities.

We have provided the IFSC Codes of HDFC Bank, which should make life easier for individuals transferring money through NEFT and RTGS.

How and where I can check the IFSC and MICR Code of HDFC Bank?

Searchers of the IFSC or MICR code for the HDFC Bank can find it online on a variety of third-party websites.

The same information can also be found on the website of the bank. MICR is commonly given on the lower half of the cheque issued by the bank to you and MICR is stand for Magnetic Ink Character Recognition code. This code is utilized to clear cheques easily and without any bugs. In addition, both the IFSC and MICR code is recorded on the cheque book issued by your bank to you. This info can also be sought by an individual on the Goodreturns.in website. In addition to the HDFC Bank, an individual can find the IFSC and MICR code of all the banks based on his / her location. The measures to check the 11-digit key are as follows: 

  • Visit Goodreturns.in and click on the drop-down of the ‘Banking’ located on the top bar of the page
  • Now under the drop-down menu of ‘Banking’ select the ‘IFSC Code’ option and click on the name of the bank for which you are looking to find IFSC and MICR code.
  • Now on the next page, you need to select your the location of the bank i.e. state or district and your bank branch.
  • Once you have submitted all the details under the drop-down menu, Goodreturns.in portal will reveal the IFSC code and MICR code of the bank along with branch address and even contact number automatically.     

Ways to find HDFC Bank IFSC Code Online and Offline

Whether it is offline or online banking customers, some essential beneficiary information such as the name of the account holder, account number, branch address and, most notably, the IFSC must be provided. Let us now find the best ways to find HDFC Bank IFSC code of your respective branch.

  • The requirement for carrying out some kind of fund transfer is HDFC Bank IFSC. Therefore, to get the HDFC Bank IFSC, one should be aware of different platforms that they can look on.
  • Goodreturns has developed an IFSC Code search service that can be used to get IFSC code of your respective HDFC Bank branch. You need to visit Goodreturns.in where you can hunt for the IFSC code that you need.
  • Moreover, one can visit the RBI's official website. RBI manages all banking-related operations around the country and also includes IFSC and MICR codes of all the respective branches of the HDFC Bank.

But apart from the above-listed ways, as an HDFC Bank’s customer, you can also find the IFSC Code through the below covered offline ways.

Through HDFC Cheque Book- It can be seen when we look at the HDFC Bank cheque book that the IFSC is written on the top portion of the cheque book page.

Through HDFC passbook- The bank provides a booklet termed as passbook at the time of opening an account with HDFC Bank. On the front page of the passbook, you can find the IFSC of your branch stated.

Through Net Banking facility of HDFC Bank- Banking operations have grown a lot smoother with the increasing movement in online banking. Only sign in to the platforms for online banking, i.e. HDFC Bank Mobile Banking App, and you can find the IFSC and MICR code of your branch under ‘My Account’ section. 

Official website of RBI- Correspond to the official website of the Reserve Bank of India as another easy way to figure out your IFSC code. Please go to the 'IFSC codes' section. Here, if you know the name of your branch, it is a plus. From the drop-down list, you can pick your bank and enter the name of your branch. For your selected branch the site will show you the IFSC and MICR code. Don't fret if you don't know all the details of your branch. The RBI provides a summary of IFSC codes for all the branches of the bank once you select your bank. Your branch can be searched and the relevant IFSC code can be found by visiting the official website of RBI.

Bank’s Website i.e. HDFC Bank- On its website, nearly all banks have Branch Locator services accessible. You must access the bank's official website and search for the Branch Locator feature. By clicking on that tool you can find the appropriate IFSC and MICR code of your respective branch. You can access the bank's official website to find the address and information of the bank using the IFSC Code. Individuals also can make a quick IFSC Code Google search and get the address of the branch to which it belongs. If, when making an online payment, you type an erroneous IFSC code, the funds will be transferred back to your account and if the specific IFSC code the receiver’s bank branch does not fit with the bank’s database, this type of issue undoubtedly occurs.       

How To Render Fund Transfer Through HDFC Bank NEFT, RTGS and IMPS Service?

HDFC Bank provides diverse aspects, not only to other HDFC Bank branches but also to every other bank branch, to allow trouble-free and safe fund transfers. To transfer money not only to other HDFC accounts but to accounts kept in any other branch, customers can use NEFT, RTGS and IMPS.

National Electronic Funds Transfer (NEFT)

HDFC launches an electronic fund transfer service, e-Monies National Electronic Funds Transfer, which facilitates the simple, hassle-free and seamless transfer of funds. There is no maximum transaction cap for NEFT transactions made at the branch. However, the daily cap has been set for net banking transactions from Rs 1 and up to Rs 10 lakh. The bank implements a fixed schedule of timings for NEFT transactions made electronically or at the branch.

Timing to use HDFC NEFT Fund Transfer

  • For branch- Monday to Friday during working hours and Saturday (except 2nd & 4th) during working hours
  • For Net Banking- Monday to Friday between 6 p.m and Saturday (except 2nd & 4th) – 6 PM   

HDFC NEFT Charges

Below are the transaction charges for NEFT transactions as defined by the bank. 

  • For an amount up to Rs 10,000- Rs 2.5 per transaction (excl. taxes)
  • From Rs 10,001 – Rs 1 lakh: Rs 5 per transaction (excl. taxes)
  • From Rs 1 lakh – Rs 2 lakh: Rs 15 per transaction (excl. taxes)
  • From Rs 2 lakh and above: Rs 25 per transaction (excl. taxes)

Real Time Gross Settlement (RTGS)

Another quick form of money transfer where the transactions are made in real time is RTGS or Real Time Gross Settlement. With the exclusion of inter-bank or clearing house settlement complications, RTGS settlements have shorter settlement times. These transfers are often not confined to India's regional borders. For transactions below Rs 2 lakh to Rs 5 lakh and Rs 50 (per transaction), HDFC charges a fee of Rs 25 (per transaction) for all transactions above Rs 5 lakh. For transactions made through the branch, there are no transaction limits, but for net banking transactions, the bank has set regular restrictions of Rs 2 lakh and up to Rs 10 lakh. For branch and net banking, the timings for RTGS transactions are covered below. 

HDFC RTGS Timings

  • From Monday to Friday – 3:30 PM and Saturday (except 2nd & 4th) – 3:30 PM (branch timing).
  • From Monday to Friday – 4 PM and Saturday (except 2nd & 4th) – 4 PM (Net Banking Timing).

Immediate Payment Service (IMPS)

Another immediate inter-bank electronic fund transfer facility, provided by HDFC Bank, is IMPS (Immediate Payment Service). With IMPS, customers can send or receive funds quickly, not only on weekdays, but also on Sundays and even bank holidays. As the title implies, the money is transferred to the receiver's account instantly through IMPS transfers. Charges are as follows for IMPS transactions:

  • For up to Rs 10,000- Rs 5 per transaction excluding tax
  • For Rs 10,001 – Rs 1 lakh- Rs 5 per transaction excluding tax
  • For Rs 1,00,001 – Rs 2 lakh- Rs 15 per transaction excluding tax

HDFC Bank MICR Code

A MICR Code stands for Magnetic Ink Character Recognition and is a 9-digit bar code. Usually, Magnetic Ink Character Recognition is a process used on cheques to print these bar codes. The MICR Code feature is to process the cheques easily and transfer the payment to the correct branch. It also serves as a distinctive branch identifier, in addition for cheque clearance. 

Instances of HDFC Bank MICR Code

  • HDFC bank branch Gadwal, Andhra Pradesh: 509240352 (MICR Code), HDFC Bank0001633 (IFSC Code)
  • HDFC bank branch Kampur, Assam: 782240502(MICR Code), HDFC Bank0002933 (IFSC Code)
  • HDFC bank branch Vikaspuri, Delhi: 110240050(MICR Code), HDFC Bank0000328 (IFSC Code)

How can you find HDFC Bank MICR Code?

By considering the below ways you can find the HDFC Bank MICR Code

Bank Cheque Book: If you check at the HDFC Bank cheque book, you can see that the MICR code is written right next to the cheque number on the cheque page at the bottom of the page.

Passbook: The banks provide a handbook called the passbook at the time of opening an account with HDFC Bank. The MICR of your branch can be found cited in the passbook.

Online Banking: Banking services have succeeded in getting a lot smoother with the growing trend in online banking. Through using the 'HDFC Bank net banking and HDFC Bank mobile banking service, one can conveniently get the appropriate IFSC and MICR code of his or her respective branch.

How to get started with HDFC IMPS?

On a 24/7 basis, the Immediate Payment Service (IMPS) is open to all HDFC customers. IMPS enables customers to render quick, real-time transactions across multiple platforms, such as mobile banking or online banking. A customer of HDFC Bank can send and receive money to someone with an IMPS-enabled bank account and even to the customers of HDFC bank. IMPS, introduced by the National Payments Corporation of India (NPCI), is an electronic fund transfer system. All existing customers will have HDFC IMPS services accessible. Customers who use net banking or mobile banking service of HDFC Bank can use IMPS in order to make fund transfer. 

How to send funds using HDFC IMPS via net banking with IFSC Code?

  • Visit the net banking page of HDFC Bank and sign in to your account using the required credentials
  • Now select ‘Funds and Transfer’ and click on ‘IMPS Transfer’ option
  • Now fill all the required details such as account number, IFSC Code, transaction amount, etc.
  • Verify and confirm your submitted details and once the transaction is successfully processed you will get a confirmation message on your registered mobile number.  

How to transfer funds using HDFC IMPS via mobile banking with IFSC Code?

  • Open the HDFC mobile banking app and sign in to your account 
  • Now select the ‘Funds and Transfer’ option and then tap on ‘Other Bank using IMPS’ option 
  • Now select the IFSC option and proceed further by filling the required details such as account number, IFSC code, transaction amount, etc.
  • Now verify the submitted details and confirm it
  • Once the transaction is successfully processed you will get a confirmation message on your registered mobile number or email id.

How to transfer funds using HDFC IMPS using MMID via net banking?

  • Visit HDFC net banking portal and log in to your account using the required credentials i.e. username and password
  • Now select the ‘Funds Transfer’ option and then click on ‘IMPS Funds Transfer’ using mobile number
  • Now fill all the required specifics and confirm the transaction
  • Once the transaction is successfully processed you will get a confirmation message on your registered mobile number

How to transfer funds using HDFC IMPS using MMID via mobile banking?

  • Open the HDFC mobile banking app and sign in to your account
  • Select the ‘Funds Transfer’ option and then tap on the ‘Other Bank using IMPS’ option
  • Now select ‘Using IMPS’ option and fill all the required details of the beneficiary/recipient such as mobile number, MMID, amount, and remarks, if any
  • Once your transaction is successful you will get a confirmation message on your mobile number via SMS

Benefits and limitations of HDFC IMPS

  • IMPS transfers are taken out on a real-time basis, therefore funds sent through this mode meet the payee instantly at all times. There is no batch wise settlement of transactions, unlike other forms of fund transfer forms, such as NEFT, etc.
  • With all days of the year and on bank holidays, the IMPS service can be used. The platform can be used at any moment which allows users the simplicity and flexibility to facilitate transfers of funds from anywhere and at any moment. 
  • One of the key benefits of IMPS transfers is that it can also be rendered at an ATM facility and funds can be transferred through various networks such as online banking, mobile banking
  • This is a secure and efficient operation, and for all transactions carried out using IMPS, all users will seek mobile-based authentication.
  • Unsurprisingly, there is a service charge that is imposed when it comes to IMPS. In comparison to UPI transactions, where no fee is generally imposed. For IMPS fund transfer, there is a processing fee.
  • Activating a beneficiary / payee is a time-consuming phase. Normally, for a recipient to be enabled, there is a 30-minute waiting time. It is also a legal requirement to add a beneficiary and without this, IMPS transactions can not be facilitated.   

5 types of mobile banking platforms using which you can transfer money via HDFC Bank IMPS

The step-wise method of transferring money through IMPS using multiple channels such as MobileBanking and USSD are as follows:

Via Mobile Banking (For all Android devices, iPhone and tablets)

  • Login to the HDFC Bank NetBanking portal and head to the ‘Fund Transfer’ section
  • Now, select ‘IMPS Funds Transfer’ and enter your account number and all other required details in order to confirm the transaction.
  • Once the transaction is successful you will get a confirmation message for the transaction on your registered mobile number via SMS by the bank.

Via Mobile Banking for Blackberry users

  • Sign in to HDFC Mobile Banking account and select ‘Third Party Transfer’ and then opt ‘IMPS Funds Transfer’.
  • Now you need to select ‘Using IFSC/AC No.’ in order to transfer funds using IFSC code.
  • Now select the beneficiary to whom you want to transfer money and enter all the required details like beneficiary’s mobile number, MMID, amount and confirm the transaction.
  • Once the transaction is successful you will get a confirmation message for the transaction on your registered mobile number via SMS by the bank.

Via Mobile Banking using iPhone app

  • Sign in to HDFC Mobile Banking account and select the ‘Fund Transfer’ option and then opt  ‘Other Bank using IMPS’.
  • Now you need to select ‘Using MMID’ in order to transfer money using MMID.
  • Now select the beneficiary to whom you want to transfer funds and provide all the required details like beneficiary’s mobile number, MMID, amount and confirm the transaction.
  • Once the transaction is successful you will get a confirmation message for the transaction on your registered mobile number via SMS by the bank.

Via Browser

  • Visit m.hdfcbank.com and head to  ‘Third party Fund Transfer’.
  • Now select ‘IMPS Funds transfer using Account number’ and then opt the beneficiary from the list to whom you need to transfer money
  • Now enter the amount and confirm the transaction.
  • Once the transaction is confirmed and successfully initiated you will get a confirmation message for the transaction on your registered mobile number/email id.

Through USSD-Using IFSC, Mobile number, Account number or MMID

  • Dial *99# using your registered mobile number
  • Now specify IFSC as HDFC
  • Select either 'Fund Transfer-Account number' or 'Fund transfer-MMID' based on which option you are using.
  • You need to enter either the IFSC and account number or the MMID and mobile number of the recipient on the basis of the alternative you have chosen to transfer funds.
  • Now enter MPIN and last 4 digits of your bank account number and enter the amount you need to transfer
  • Confirm the transaction and you will get a successful message on your mobile number

Specifics required of the beneficiary for HDFC Bank IMPS

  • You need any of the following details to transfer funds through IMPS, based on the preference you opt to transfer money.
  • Bank account number of the recipient and the IFSC code of the bank branch.
  • MMID (Mobile Money Identifier) and mobile number of the recipient. 

HDFC IMPS Charges

A huge extent of digital technology and accelerated processing of practically everything around us characterises the modern period. There was a period when, according to red-tapism and complexity, matters relating to government institutions and specific procedures were considered to consume a lot of time and effort from an individual. But with the progression over time, that being said, modern technologies and improvements have sunk into the system, making it possible for people to perform transactions, make payments and receive funds in a digital manner. It is just a matter of time for the whole economy to come under the proper scope of digital technology to reap the benefits of instantaneous transactions for citizens all over India. But since digital transformation has expressed itself to a large degree in most urban areas, India's rural areas have not yet benefited to a significant extent from the advantages of digital technology. 

In the aftermath of digitisation, NEFT and IMPS are one of the most common payment systems that have taken a sharp rise to execute even the small banking transactions and fund transfer. Such conditions, which until some ages later were almost unimaginable and obscure to most people, are now has become the most preferred fund transfer option among the individuals of our nation.

IMPS are progressing to Immediate Payment. Like NEFT, IMPS also has a massive proportion of enticing transaction functionality, making it a service that is appealing for ordinary folk. However, it’s almost 24*7 availability is the one attribute that distinguishes IMPS from any other form of transaction. As you might already be informed, NEFT and RTGS facilities can be accessed at any time of the day but only defined and allocated time slots are used for the specific transfer of funds through such services. That being said, as is the custom with IMPS, at any time of the day, one can make a fund transfer and anticipate the funds to be transferred immediately. The transfer of money is seamless from one account to another, which is why it is considered an instant payment process. Also, during the night, on a Sunday and even on a bank holiday, such an immediate transfer can exist. Hence, the option of IMPS is better for anyone who needs to transfer money on an immediate basis for some reason. Like most other facilities that reside today, it is possible to transfer funds via IMPS through a computer or a mobile phone, with internet allowed on it. Also unlike NEFT, in order to allow the transfer, one does not need to incorporate another user as a payee into their account. It is possible to make transactions through IMPS directly by providing the bank account number and IFSC code. This can also be achieved by identifying with the other person a phone number and unique MMID number. In addition, to generate an MMID, it is important to log in to your online bank account or net banking account and also to contact a bank representative directly.    

How to make fund transfer through IMPS?

Just like many other facilities that exist today it is possible to transfer funds through IMPS via a computer or a mobile phone, with internet facilities enabled on it. Also with exception of NEFT, in order to allow the transfer, one does not need to incorporate another individual as a payee into their account. It is possible to make transfers via IMPs directly by accessing the bank account number and IFSC code. Not only this, you can even initiate fund transfer vis IMPS using mobile number and unique MMID number of the other party. In order to generate an MMID, it is necessary to log in to your online banking account or net banking account and even to call a bank agent directly.

Charges applicable on IMPS transactions

Certain IMPS charges at the HDFC bank are also applicable, like any other method of transaction. The following are the charges to use IMPS service:

  • INR 5 is applicable, excluding GST for the transaction amount of INR 1 to INR 1, 00,000
  • INR 15 is applicable excluding GST for the transaction amount of INR 1, 00,001 to INR 2, 00,000. 

HDFC Bank MMID

IMPS or Immediate Payment Service is a fast and safe electronic transfer mechanism of electronic funds that have benefited a large proportion of India's population. This method of fund transfer allows the transfer of cash from the bank to bank on a real-time and immediate basis. One of the prominent private banks providing the IMPS method is HDFC. HDFC enables its customers to use this service across its channels through net banking and mobile banking. What is it that makes IMPS so effective? Firstly, within the 24 hour period, the person can access the transfer of funds at any time. Secondly, you can transfer money to a beneficiary of any bank that comes under the IMPS active category with the help of IMPS. 

Eligibility required to use HDFC IMPS service

It is necessary to remember that all HDFC bank customers with this banking organisation handling an account can use IMPS for fund transfer facilities. To successfully make IMPS transactions, it is strictly necessary that the mobile number of the person needs to be registered with the bank.

Key benefits of HDFC Bank IMPS

It is recognized that HDFC handles its customers in the most relaxed way. Below are some of the benefits of HDFC Bank IMPS that you need to consider:

  • Applicable charges: The charges for online transfer, including IMPS, have recently been updated. For the transfer of an amount varying from Re 1 to Rs 1 lakh, according to the existing fee structure. In addition, a fee of Rs. 15 will be needed for transactions from Rs. 1 lakh and Rs. 2 lakh. Bear in mind that each of these payments is tax-exclusive and that GST has to be paid for these payments or transactions.    

 

 

 

 

 

 

 

 

 

 

 

 

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