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 Himachal Pradesh State Cooperative Bank Ltd for its Ghumarwin branch in Ghumarwin, Bilaspur, Himachal Pradesh, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Himachal Pradesh State Cooperative Bank Ltd situated in Ghumarwin or anywhere in Himachal Pradesh can easily transfer funds instantly by using the correct IFSC Code HPSC0000110. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Himachal Pradesh State Cooperative Bank Ltd, Ghumarwin, Ghumarwin
Here are some of the key details that come with the IFSC Code HPSC0000110 of Himachal Pradesh State Cooperative Bank Ltd for its branch located in Ghumarwin, within the district of Bilaspur in the state of Himachal Pradesh.
| Particulars | Details |
|---|---|
| Bank | Himachal Pradesh State Cooperative Bank Ltd |
| IFSC Code | HPSC0000110 |
| Branch | Ghumarwin |
| City | Ghumarwin |
| District | Bilaspur |
| State | Himachal Pradesh |
| Address | Ghumarwin Pin 174021 |
These details are important not only for users using online banking but also for businesses and individuals who use Himachal Pradesh State Cooperative Bank Ltd in Ghumarwin for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code HPSC0000110 for the Ghumarwin branch of Himachal Pradesh State Cooperative Bank Ltd 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 Himachal Pradesh State Cooperative Bank Ltd located in Ghumarwin, Ghumarwin, Himachal Pradesh, are allotted a unique IFSC like HPSC0000110 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ghumarwin.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ghumarwin and Bilaspur.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Himachal Pradesh State Cooperative Bank Ltd in Ghumarwin reaches the right place, even though there are thousands of branches in Himachal Pradesh and across India.
Format of the IFSC Code HPSC0000110
The format of the IFSC Code for banks, including Himachal Pradesh State Cooperative Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Himachal Pradesh State Cooperative Bank Ltd, 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 Ghumarwin in Ghumarwin.
For example, the IFSC Code HPSC0000110 of Himachal Pradesh State Cooperative Bank Ltd for the Ghumarwin branch has these elements, identifying the bank and the branch location in Ghumarwin and Himachal Pradesh correctly.
How to Find IFSC Code for Himachal Pradesh State Cooperative Bank Ltd?
If you are looking for the IFSC Code HPSC0000110 of Himachal Pradesh State Cooperative Bank Ltd for its Ghumarwin branch located in Ghumarwin, the following methods can help:
Cheque Book
The cheque book that is issued by Himachal Pradesh State Cooperative Bank Ltd 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 Himachal Pradesh State Cooperative Bank Ltd branches in Ghumarwin and Bilaspur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Himachal Pradesh State Cooperative Bank Ltd and look for the branch locator section, then search for Ghumarwin or Ghumarwin to get the exact IFSC Code HPSC0000110.
Mobile Banking App
If you use Himachal Pradesh State Cooperative Bank Ltd'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 Himachal Pradesh State Cooperative Bank Ltd and Ghumarwin, then it will provide you proper information.
How to Use IFSC Code HPSC0000110 for Online Transfers?
Once you have the IFSC Code HPSC0000110 for the Ghumarwin branch of Himachal Pradesh State Cooperative Bank Ltd in Ghumarwin, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code HPSC0000110. Transfers are processed in batches. This is 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. Requires the recipient's account details and Himachal Pradesh State Cooperative Bank Ltd IFSC Code HPSC0000110.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Himachal Pradesh State Cooperative Bank Ltd Ghumarwin in Ghumarwin 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 Himachal Pradesh State Cooperative Bank Ltd in Ghumarwin, 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 Himachal Pradesh State Cooperative Bank Ltd website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Ghumarwin to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Ghumarwin Ghumarwin branch is HPSC0000110.
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 Ghumarwin Pin 174021.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.