HSBC IFSC and MICR Code:

State wise list of HSBC IFSC code, MICR code and addresses of all branches in India

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HSBC IFSC Code

Until recently, the process of transferring money from one bank account to another used to be a long one. At that time, an individual had to first visit the bank branch to make a transfer and then wait till it amount was processed and credited in the other account.

This time consuming method is now a thing of the past with the advent of electronic transfer methods like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) facilities being offered by banks and financial institutions. Courtesy an initiative by the Reserve Bank of India (RBI) to expedite online money transfers across the country, these services now allow individuals to send money using a quick and secure process.

To facilitate transactions using either NEFT, RTGS, and IMPS, the Reserve Bank of India have issued a unique 11-digit alphanumeric code to every bank branch of respective banks that operate in the country. This IFSC code helps the RBI to regulate the online transactions that take place and also helps in identifying both the origin as well as the destination banks involved in the transaction.

The IFSC code is a string of 11 characters containing both alphabets and numbers. The bank’s name makes up the first four characters, while the fifth character is 0. The bank branch number makes up the last six characters.

Listed below are a couple of bank branches of HSBC Bank that operate in Bangalore(Urban) along with details like IFSC code, open hours, mode of payment, remittance services, and bank details.

IFSC Code Open Hours (Monday to Saturday) Mode of payment Remittance Services Bank Details
HSBC0560003 10:00 am to 4:00 pm Cash, Cheque, Demand Draft and Net Banking NEFT HSBC Jayanagar Bangalore HSBC0560003
HSBC0560002 10:00 am to 4:00 pm Cash, Cheque, Demand Draft and Net Banking NEFT HSBC Main Branch Bangalore HSBC0560002

How Do I Search for HSBC IFSC and MICR Codes

Locating the IFSC and MICR codes for a particular bank branch is a very simple process. HSBC prints the IFSC Code of its bank branches registered on the NEFT network on the cheque books issued to its customers. The information is also available on the bank website as well.

Another way to find the IFSC codes are through third-party sites like BankBazaar. To check the IFSC and MICR code, the individual first needs to visit the homepage and select the ‘Bank IFSC’ icon at the bottom of the page. Next, he/she needs to enter the details requested on the page. On providing the details, the information regarding the IFSC and MICR codes of the bank checked for are displayed on the screen.

Transferring money online has become safer and faster with the advent of the NEFT and RTGS methods of wireless transfer. Both the facilities assure security and are the quickest means to move funds within India. Given below are ways you can use both services to facilitate an electronic money transfer.

NEFT (National Electronic Funds Transfer):

The National Electronic Funds Transfer services are available to HSBC customers from Monday to Saturday from 8:00 am to 7:00 pm. This service is not available on holidays and on second and fourth Saturdays every month. The transfer requests will be processed in hourly batches daily. However if requests are received after 4:15 pm, the transfer would be processed on the next working day.

HSBC customers can avail this service online or by visiting a branch. There is no upper or lower limit on NEFT transfers, however there is an upper limit of Rs. 15 lakhs in a day on transactions made online. For any transactions above Rs. 15 lakhs, customers would have to visit their nearest branch.

HSBC charges for providing this service to its customers, the rates are mentioned below:

Amount

Charges

Till Rs. 10, 000

Rs. 2.50 for every transaction

Rs. 10, 001 – Rs. 1,00,000

Rs. 5 for every transaction

Rs. 1,00,001 – Rs. 2, 00, 000

Rs. 15 for every transaction

Rs. 2,00,001 and above

Rs. 25 for every transaction

RTGS (Real Time Gross Settlement):

Real Time Gross Settlement is the fastest means of money transfer in India. The money transfers are processed as soon as the request is made, that is, on a “real time” basis. Each transaction is made individually and multiple transactions are not grouped or bundled together. This feature means that once a request for an RTGS transaction is made, it is final and cannot be taken back. The minimum amount that can be transferred through this medium is Rs. 2 lakhs. There is no upper limit. HSBC limits the amount of money that can be transferred each day by an individual to Rs. 15 lakhs. For those who wish to transfer amounts higher than this, they would have to visit an HSBC branch and make their transaction.

RTGS facility is available to HSBC customers from Monday to Saturday between 8:00 am to 4:00 pm for same day credit. In case transfer requests are received after 4:00pm, or on holidays, they would be processed on the following business day. This facility is not available on second and fourth Saturdays.

HSBC charges for RTGS facility are as follows:

Amount

Charges

Rs. 2, 00, 000 – Rs. 5, 00, 000

Rs. 25 for every transaction

Rs. 5, 00, 001 and above

Rs. 50 for every transaction

The Hong Kong and Shanghai Banking Corporation Limited or HSBC, as it is better known, is a leading banking and financial services provider with a global presence. The bank was established in 1865 in Hong Kong and is currently headquartered in London. With a presence in 72 countries through it’s over 6000 offices, the bank provides retail banking, global banking, wealth management and commercial banking as also private banking. The bank is renowned for its service quality and for going the extra mile when it comes to providing banking services to its customers.

News Related to HSBC Bank IFSC Code
  • HSBC does First-of-a-kind Blockchain Trading

    HSBC in association with ING has reportedly carried out the first-of-a-kind trading financial transaction on a live basis through a single blockchain platform.

    The transaction was to send a particular shipment, which was quite large, containing soybeans to Malaysia from Argentina. For the same purpose, HSBC has used a particular blockchain platform which has been overseen by the ‘consortium R3’. In order to facilitate this, a letter of credit has been issued to ING in order to help Cargill process the transaction in question. The respective banks were only representing and acting on the behalf of the various divisions of Cargill.

    This entire process has made the whole aspect of trading finance more streamlined, speedy, transparent and much more simpler.

    21 May 2018

  • Now, Global Disbursements Possible through Paypal

    All corporate customers of HSBC will soon be able to undertake global disbursements through Paytm across the world in as many as 120 countries.

    PayPal will be acting as the provider of all of these services and payments can be made to all those payees who have active PayPal accounts.

    This collaboration will it make it easier to make payments across the world without hassles.

    4 April 2018

  • HSBC enables identity verification of new customers through selfies

    HSBC customers will now be able to open accounts and submit selfies for identity verification. A mobile app that uses facial recognition software takes a headshot of the individual and compares it with a photo id (driver’s license, passport, etc.) uploaded by him.

    This innovation is expected to simplify and accelerate the process of opening a new account through a mobile or digital device. This is also in alignment with the increasing inclination of customers to open accounts online. Almost 50% of all HSBC accounts are now opened online when compared to 10% in 2013.

    HSBC is the latest bank to improve security through biometric technology. The biometric space is cheaper and more convenient for customers, but is challenging to implement. So it still has a long way to go before becoming the norm for authentication.

    5th September, 2016

  • HSBC Bank Introduces 'HSBC Skills for Life'

    HSBC India has introduced 'HSBC Skills for Life', a skill developing programme with the goal of providing the youth and females with essential skillsets to empower them to make maintainable and steady livelihood. For this programme, HSBC has dedicated an amount of INR 100 crore and targets to cover 75,000 youngsters and ladies over the coming five years. Through this star skill programme, HSBC will fund non-profit organizations in three zones – vocational skills, progress of underprivileged youth; up skilling of educationalists and teachers; and women empowerment via improving their livelihood. HSBC has also declared INR 50 crore in association with Swades Foundation, founded by Ronnie Screwvala to give out the initial idea of the programme. The partnership will offer vocational training to 30,000 young people in need. Giving a speech on the event, Mr. Stuart Milne said that expertise development is tactical requirement for our country which fits very well with HSBC's international emphasis on educating the youth from disadvantaged strata of the society.

    23rd December 2015

  • HSBC FASTrak - A Boon for FIIs

    Hongkong and Shanghai Banking Corporation (HSBC) has launched FASTrak which offers easy solutions that decreases the market level hurdles of overseas investors. This tool has been developed as a result of comprehensive feedback from FPIs and is aimed at decreasing the procedural complexities and exhaustive documentation requirements. These challenges are significantly reduced with the storage of key documentation and quick identification. Investors, after categorizing themselves, can complete a list of required documentation and can perform validation checks to store all data on a single platform.

    A trailblazer in banking technologies, HSBC offers investment and banking solutions for Indian customers. With features like Net Banking, HSBC customers can complete complex transactions like fund transfer from the comfort of their home using NEFT by just mentioning the IFSC code and account number of the beneficiary. Also, with the Net Banking facility, customers can maintain their accounts, manage cards, view balances and get account statements.

    3rd December 2015


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