There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Hdfc Bank for its Patoda branch in Bid, Patoda, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Hdfc Bank situated in Bid or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code HDFC0008696. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Hdfc Bank, Patoda, Bid

Here are some of the key details that come with the IFSC Code HDFC0008696 of Hdfc Bank for its branch located in Bid, within the district of Patoda in the state of Maharashtra.

Particulars Details
Bank Hdfc Bank
IFSC Code HDFC0008696
Branch Patoda
City Bid
District Patoda
State Maharashtra
Address Upper Grd Floor Khade Complex Manjarsumba Road Patoda Patoda Maharashtra 414204

These details are important not only for users using online banking but also for businesses and individuals who use Hdfc Bank in Bid for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code HDFC0008696 for the Patoda branch of Hdfc Bank is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Hdfc Bank located in Patoda, Bid, Maharashtra, are given a unique IFSC like HDFC0008696 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Bid.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Bid and Patoda.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Hdfc Bank in Patoda goes to the correct branch. This is important because Hdfc Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code HDFC0008696

The format of the IFSC Code for banks, including Hdfc Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): These represent the bank code. In Hdfc Bank, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Patoda in Bid.

For example, the IFSC Code HDFC0008696 of Hdfc Bank for the Patoda branch has these elements, identifying the bank and the branch location in Bid and Maharashtra correctly.

How to Find IFSC Code for Hdfc Bank?

If you are trying to find the IFSC Code HDFC0008696 of Hdfc Bank for its Patoda branch located in Bid, the following methods can help:

Cheque Book

The cheque books that are issued by Hdfc Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Hdfc Bank branches in Bid and Patoda, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Hdfc Bank and find the branch locator section. Search for Patoda or Bid to get the exact IFSC Code HDFC0008696.

Mobile Banking App

If you use Hdfc Bank's mobile app, you can easily check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Hdfc Bank and Bid that will provide accurate information.

How to Use IFSC Code HDFC0008696 for Online Transfers?

If you have the IFSC Code HDFC0008696 for the Patoda branch of Hdfc Bank in Bid, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code HDFC0008696. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Asks for the recipient's account details and Hdfc Bank IFSC Code HDFC0008696.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Hdfc Bank Patoda in Bid, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Hdfc Bank in Patoda, here are some ways that you can get it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Hdfc Bank website.
  • Search the RBI portal.

If you know both IFSC and MICR codes, then it can help account holders in Bid manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Hdfc Bank in Patoda, Bid?

The IFSC Code is HDFC0008696.

Is the IFSC Code HDFC0008696 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Hdfc Bank Patoda?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Patoda branch?

The address of the branch is Upper Grd Floor Khade Complex Manjarsumba Road Patoda Patoda Maharashtra 414204 located in Bid, Patoda, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.