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 Koranguchavadi branch in Salem, Salem, Tamil Nadu, 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 Salem or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code HDFC0008247. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Hdfc Bank, Koranguchavadi, Salem
Below in the table are the key details related to IFSC Code HDFC0008247 of Hdfc Bank for its branch located in Salem, within the district of Salem in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Hdfc Bank |
| IFSC Code | HDFC0008247 |
| Branch | Koranguchavadi |
| City | Salem |
| District | Salem |
| State | Tamil Nadu |
| Address | Door No 186 2 2Nd Floor Jai Sai Elclave Sri Nagar Colony Opp To Ans Dhivyam Omalur Main Rd Salem Tamil Nadu 636004 |
These details helps users in online banking and for businesses and individuals who use Hdfc Bank in Salem for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code HDFC0008247 for the Koranguchavadi branch of Hdfc Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like HDFC0008247 is given to every bank branch, including Hdfc Bank located in Koranguchavadi, Salem, Tamil Nadu, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Hdfc Bank branch in Salem.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Salem and Salem.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for Hdfc Bank in Koranguchavadi doesn't end up at another location.
Format of the IFSC Code HDFC0008247
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): Show the bank code. For Hdfc Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Koranguchavadi in Salem.
For example, the IFSC Code HDFC0008247 of Hdfc Bank for the Koranguchavadi branch includes these elements, identifying the bank and the branch location in Salem and Tamil Nadu accurately.
How to Find IFSC Code for Hdfc Bank?
To find the IFSC Code HDFC0008247 of Hdfc Bank for its Koranguchavadi branch located in Salem, the following methods can help you out:
Cheque Book
The cheque book issued by Hdfc Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Hdfc Bank branches in Salem and Salem, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Hdfc Bank and go to the branch locator section. Then search for Koranguchavadi or Salem to find the exact IFSC Code HDFC0008247.
Mobile Banking App
If you use Hdfc Bank's mobile app, you can 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. Searching for Hdfc Bank and Salem will provide accurate information.
How to Use IFSC Code HDFC0008247 for Online Transfers?
Once you have the IFSC Code HDFC0008247 for the Koranguchavadi branch of Hdfc Bank in Salem, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code HDFC0008247. 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 HDFC0008247.
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 Koranguchavadi in Salem, it can 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 Koranguchavadi, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Salem to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is HDFC0008247.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Door No 186 2 2Nd Floor Jai Sai Elclave Sri Nagar Colony Opp To Ans Dhivyam Omalur Main Rd Salem Tamil Nadu 636004 located in Salem, Salem, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.