State wise list of HDFC Bank IFSC code, MICR code and addresses of all branches in India
or Choose State from list below
Electronic funds transfer has changed the way people transact. To this effect, the Reserve Bank of India (RBI) has introduced three methods of fund transfer which are National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS). All these platforms make the use of IFSC (Indian Financial system Code) to facilitate quick and secure transfer of funds from one bank to another. The IFSC code is an important element when it comes to fund transfer as it serves multiple purposes. All banks which come under the NEFT network are assigned an IFSC code by the RBI which helps distinguish the sender and receiver bank in the event of a transaction.
The IFSC is an 11-digit alphanumeric code which is assigned to all banks participating in the NEFT network. It consists of three The IFSC code consists of three parts - first four characters identify the bank name, fifth character is always 0 and the last six characters represent the branch address. For example, the HDFC IFSC code for the Malleshwaram branch is ‘HDFC0000041’, wherein the first four characters ‘HDFC’ stand for the name of the bank, the fifth character is always zero and the last 6 characters specify the exact branch address.
If you’re looking for the IFSC codes for HDFC bank, you can easily find them online, not only on the HDFC website but also some third party websites. If you are looking for the IFSC code of your home branch, you can find that printed on your cheque book. Additionally, BankBazaar also provides information on the IFSC codes for HDFC Bank. On the BankBazaar main page, go to the bottom of the page you can find the link titled ‘Bank IFSC Code’. Click on the link and you will be taken to another page which shows 4 drop down menus. You have to select the particular bank that you’re looking for, the state, district and the particular branch whose IFSC code you’re looking for. Once you have selected your options, the site will display not only the IFSC code for the particular branch but also the MICR code, address and contact number for the branch.
HDFC Bank offers multiple ways to make hassle free and secure fund transfers, not only to other HDFC Bank branches but also to any other bank branch. Customers can make use of NEFT, RTGS and IMPS to transfer money not only to other HDFC accounts but to accounts held in any other bank.
National Electronic Funds Transfer (NEFT):
HDFC introduces e-Monies National Electronic Funds Transfer, an electronic fund transfer facility which allows for easy, hassle free and convenient money transfer. NEFT transactions done at the branch do not have any maximum transaction limit. However, for net banking transactions, the daily limit has been fixed from Rs 1 and up to Rs 10 lakh. For NEFT transfers done online or at the branch, the bank follows a set schedule of timings.
|
Branch Timing |
Net Banking Timing |
|
Monday to Friday – Branch Working Hours |
Monday to Friday – 6PM |
|
Saturday (except 2nd & 4th) – Branch Working Hours |
Saturday (except 2nd & 4th) – 6PM |
Following are the transaction charges as specified by the bank for NEFT transactions.
|
Amount |
Charge |
|
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) |
|
Rs 1 lakh – Rs 2 lakh |
Rs 15 per transaction (excl. taxes) |
|
Rs 2 lakh and above |
Rs 25 per transaction (excl. taxes) |
Real Time Gross Settlement (RTGS):
RTGS or Real Time Gross Settlement is another quick method of money transfer where the transfers are done in real time. RTGS transactions have faster settlement cycles with the absence of inter-bank or clearing house settlement issues. Also, these transactions are not limited to the geographical boundaries of India. HDFC levies a charge of Rs 25 (per transaction) for transactions between the amounts of Rs 2 lakh to Rs 5 lakh and a charge of Rs 50 (per transaction) for all transactions above Rs 5 lakh. There are no transaction limits for transaction done via the branch, but for ne banking transactions, the bank has specified a daily limit of Rs 2 lakh and up to Rs 10 lakh. The timings for RTGS transactions for branch and net banking are as follows:
|
Branch Timing |
Net Banking Timing |
|
Monday to Friday – 3:30 PM |
Monday to Friday – 4 PM |
|
Saturday (except 2nd & 4th) – 3:30 PM |
Saturday (except 2nd & 4th) – 4 PM |
Immediate Payment Service (IMPS):
IMPS (Immediate Payment Service) is another instant inter-bank electronic fund transfer service, offered by HDFC bank. With IMPS, customers can easily send or receive funds, not only on weekdays but Sundays and bank holidays as well. As the name suggests, via IMPS transfers, the money gets credited to the receiver’s account instantly. Charges for IMPS transactions are as follows:
|
Amount |
Charge (per transaction, excluding taxes) |
|
Up to Rs 10,000 |
Rs 5 |
|
Rs 10,001 – Rs 1 lakh |
Rs 5 |
|
Rs 1,00,001 – Rs 2 lakh |
Rs 15 |
Founded in the year 1994, HDFC, also known as the Housing Development Finance Corporation, is one of the leading financial services company in India. As one of the first private bank to be authorized by the RBI, HDFC operates with a network of over 3000 branches and over 11,000 ATMs located across 2,022 Indian cities. The bank offers an extensive range of financial products and services spanning across investment banking, wealth management, private banking, retail banking, corporate banking, mortgages, finance & insurance, credit cards, private equity and more.
Inspired by Bank of Tokyo-Mitsubishi and Mizuho Bank, HDFC Bank has unveiled the first product of Project AI (artificial intelligence). The robot, whose name is not yet finalised, will be introduced in one of the bank’s branches in Mumbai. Based on the feedback, the project will be scaled up.
The bank chose to launch the robot in Mumbai, as it wanted to steer clear of branches often visited by senior citizens who wanted personalised services. The humanoid will currently act as a receptionist, and is not capable of performing complicated behaviour analysis and service suggestions, like Pepper, the robot in Mizuho Bank.
As per sources, the robot will greet customers and provide them options of financial services on a screen. Once the customer makes a selection, a layout of the branch appears on the screen from where he can choose to proceed. In spite of the initial basic plan, the bank intends to expand the options to include voice and facial recognition, and behaviour analysis. However, the AI product will not be replacing crucial banking functions.
29th August 2016
OYO, an online aggregator of hotel rooms, has joined hands with HDFC Bank for its payment gateway PayZapp. OYO customers can link their debit and credit cards with PayZapp instead of having to preload money for each transaction, and make payments to OYO without hassle.
OYO Founder and CEO Ritesh Agarwal said the company hopes to reach more customers and make the hotel booking process seamless for all its clients with the help of PayZapp.
HDFC Bank’s Parag Rao, who is the country chief for card payment products, merchant acquiring services and marketing, said the bank wants to improve the payment experience of OYO and HDFC Bank customers through this partnership. Payments with PayZapp will not require any IFSC code-related transaction.
19th July 2016
HDFC Bank plans to focus intently on digital platforms in semi-urban and rural markets to achieve sustainable growth in the coming years. The bank has been doing quite well and is expected to grow at a faster rate as compared to the overall banking sector. The bank is all set to capitalize on its widespread network of branches and digital footprint to reach customers from both the rural and semi-urban centers.
The bank has strong focus on customer-centric financial products and services and is the most honored company in the list released by the Institutional Investors Magazine. Bank’s Managing Director has been named the best CEO by the list.
The next level for HDFC is the 4G networks which will lead to smoother operations for account holders. With high speed internet, customers will be able to have live interactions with bank representatives without actually going to the bank, or having anything to do with the particular IFSC code. HDFC is also launching its mobile banking app for the Apple iWatch very soon.
10th July 2016
As a part of its growth strategy, India’s leading private sector bank plans to add 500 branches in its kitty during the current fiscal. Around 60% of the new branches would be set up in semi-urban and rural areas to tap the potential there.
It must be noted that HDFC opened 506 branches during the last fiscal out of which 256 branches were opened in semi-urban and rural areas in various states. To fund the massive expansion plans it has, HDFC has plans to raise Rs.50, 000 crore through bonds. The country’s second largest bank reported a jump in net profit by 20.2 percent at the end of fourth quarter at Rs.3, 374.2 crore.
23rd May 2016
Automated teller machines (ATMs) of HDFC Bank is expected to offer users immediate individual credit, top-up loans and authorize applications for credit cards. This step is bound to make people see ATMs as a mini bank rather than a mere money bestowing machine. According to Senior Exec President of HDFC, Mr. Arvind Kapil, this will lead to efficiency in terms of cost as well as productivity as the bank already boasts of a huge nationwide ATM presence. Also, initiating a branch costs at least 10 times more than that of putting up an ATM kiosk. The first phase focuses on personal mortgage distribution in less than ten seconds and second phase will focus on giving out top-up loans among other services. ATM is also a means to transfer money. This is much similar to the electronic banking using IFSC Code.
5th May 2016
HDFC Bank, one of the premier banks in India, is on a hiring spree now. This is significant as they haven’t mass hired in over a year. They have already hired more than eight thousand staffs in a span of three quarters of this fiscal, which is nearly 11 percent of their total number of employees. The deputy MD of the bank, Mr. Paresh Sukthankar, clarified that this escalation was the need of the hour as the dimensions and the dispersal of financial products and services too had increased. They have also opened umpteen branches throughout the nation and has no plan of stopping, which justifies the bulk of hiring. Enabling electronic money transfer for all via RTGS and NEFT using relevant IFSC Codes allotted to each branch is one of the many challenges. Digital banking being the new norm, many of the new employees are qualified coders and software specialists.
7th March 2016
HDFC Bank has introduced rural Financial Literacy Initiative for agricultural workers, school kids and their parents in Poonch, Jammu & Kashmir under the tutelage of RBI. HDFC Bank will put up camps to hold these fiscal literacy sessions at each of the 18 rural branches throughout the state. This ingenuity showcases HDFC Bank’s endeavors to back inclusive growth and ensure than banking services reach remotest of the remotest. At a gathering planned in Lassana Government Higher Secondary School in Poonch village, the District Development Commissioner, Mr. Mohammad Harun Malik inducted the programme. The function was graced by the presence of key officials of HDFC.
HDFC Bank will utilize their official Financial Literacy Guide as well as placards for the purpose. Participants will be made familiar with online banking (especially money transfer via NEFT & RTGS using IFSC Code) as well as mobile banking not to mention a slew of other financial products and services like savings account, loans, insurance, debit cards etc.
5th February 2016
HDFC Bank, India’s second largest private bank, is experiencing the effect of its push on digital banking that started more than two years ago. Over 63 percent of the fund transactions performed by its clienteles were via online and mobile phone in the fiscal 2014 – 2015, escalated from 58 percent in the previous year and 44 percent in the 2012-13 fiscal. In addition, its mobile phone apps like PayZapp and Chillr have already garnered around a million downloads each. PayZapp, introduced in June, facilitates HDFC account holders to make online disbursements and transact funds, while Chillr permits customers to send cash to anyone in their phone book. The worth of HDFC Bank's mobile banking transactions stood at over INR 6928.71 crore in September. The second biggest in the domestic banking area, against INR 6461 crore in July. People can now accomplish 205 various kinds of transactions on the Internet and 85 on mobile phone alone. The bank branches are also completely digitally-facilitated. One major reason behind the triumph of HDFC Bank was its "innovation team", which continuously consider innovative ideas to make it more user-friendly.
7th January 2016
HDFC Bank is taking over Paytm, a developing contestant in the digital banking space, on its own territory, the business of recharging phone. The au fait private bank is providing its clients prepaid mobile phone recharge service via a missed call. Calling it a first-of-its-type service in the country, Mr. Nitin Chugh, head of digital banking in HDFC, said that once a client uses the service using SMS, all they have to do is to enter the recharge sum. Every time a missed call is made, phone will be recharged for that amount. The account holder can also put in number of family and friends and approve them to do the same through sending a text. HDFC Bank clients who are listed for Mobile (SMS) Banking can activate this service by sending a text and will be activated for missed call recharge for a set amount, for instance INR 50. If a client wants to change the set amount, it can also be done by sending a text.
20th December 2015
As one of India’s largest private sector bank, HDFC would be expanding its branch network by adding 100 branches in the eastern part of India. This addition will take HDFC’s total to up to 600 branches by the end of the financial year. Atul Barve, the HDFC Bank Branch Head made this announcement during the launch of the film, “Dhanchayat”. Around 195 to 200 branches would be located in West Bengal. The Branch Head added that HDFC also had a sizeable number of 2-man and 3-man branches in certain rural areas in the country.
As an educational film, Dhanchayat is targeted to raise awareness regarding borrowing funds from the unorganized sector. Mr Atul Barve said that under the Sustainable Livelihood Initiative, around 3.5 Million individuals are currently benefitting and the total outstanding amount under this scheme is Rs 1,500 crores. HDFC is widely known for its digital marketing strategies, with innovative mobile banking and internet banking solutions. Keeping up with its competitors, HDFC Bank has introduced various services and products for banking customers in India. Managing your bank accounts and making quick money transfers using IFSC codes is just one of the many superlative privileges that HDFC customers can enjoy.
7th September 2015
