For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Hdfc Bank for its Peddar Road branch in Greater Bombay, Mumbai, Maharashtra, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Hdfc Bank located in Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code HDFC0008590. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Hdfc Bank, Peddar Road, Greater Bombay
Here are the key points that are associated with the IFSC Code HDFC0008590 of Hdfc Bank for its branch located in Greater Bombay, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Hdfc Bank |
| IFSC Code | HDFC0008590 |
| Branch | Peddar Road |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Ground Floor Bhagwat Niwas Peddar Road Mumbai Maharashtra 400026 |
These details helps users in online banking and for businesses and individuals who use Hdfc Bank in Greater Bombay for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code HDFC0008590 for the Peddar Road branch of Hdfc Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Hdfc Bank located in Peddar Road, Greater Bombay, Maharashtra, is provided a unique IFSC like HDFC0008590 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Hdfc Bank branch in Greater Bombay.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Greater Bombay and Mumbai.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Hdfc Bank in Peddar Road do not get misguided to another person.
Format of the IFSC Code HDFC0008590
The format of the IFSC Code for banks, including Hdfc Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Hdfc Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Peddar Road in Greater Bombay.
For example, the IFSC Code HDFC0008590 of Hdfc Bank for the Peddar Road branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra accurately.
How to Find IFSC Code for Hdfc Bank?
If you are looking for the IFSC Code HDFC0008590 of Hdfc Bank for its Peddar Road branch located in Greater Bombay, the following methods can help:
Cheque Book
The cheque book that is issued by Hdfc Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Hdfc Bank branches in Greater Bombay and Mumbai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Hdfc Bank and look for the branch locator section, then search for Peddar Road or Greater Bombay to get the exact IFSC Code HDFC0008590.
Mobile Banking App
If you use Hdfc Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Hdfc Bank and Greater Bombay, then it will provide you proper information.
How to Use IFSC Code HDFC0008590 for Online Transfers?
Once you have the IFSC Code HDFC0008590 for the Peddar Road branch of Hdfc Bank in Greater Bombay, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code HDFC0008590. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Hdfc Bank IFSC Code HDFC0008590.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Hdfc Bank Peddar Road in Greater Bombay, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Hdfc Bank in Peddar Road, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Hdfc Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Greater Bombay manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Peddar Road Greater Bombay branch is HDFC0008590.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ground Floor Bhagwat Niwas Peddar Road Mumbai Maharashtra 400026.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.