The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Himachal Pradesh State Cooperative Bank Ltd for its Rakhoh branch in Mandi, Mandi, Himachal Pradesh, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Himachal Pradesh State Cooperative Bank Ltd located in Mandi or anywhere in Himachal Pradesh can transfer funds instantly by using the correct IFSC Code HPSC0000358. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Himachal Pradesh State Cooperative Bank Ltd, Rakhoh, Mandi
Here are the key points that are associated with the IFSC Code HPSC0000358 of Himachal Pradesh State Cooperative Bank Ltd for its branch located in Mandi, within the district of Mandi in the state of Himachal Pradesh.
| Particulars | Details |
|---|---|
| Bank | Himachal Pradesh State Cooperative Bank Ltd |
| IFSC Code | HPSC0000358 |
| Branch | Rakhoh |
| City | Mandi |
| District | Mandi |
| State | Himachal Pradesh |
| Address | Vpo Rakhoh Tehsil Sarkaghat |
These details are essential not only for online banking users but also for businesses and individuals who use Himachal Pradesh State Cooperative Bank Ltd in Mandi for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code HPSC0000358 for the Rakhoh branch of Himachal Pradesh State Cooperative Bank Ltd plays an important 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 Himachal Pradesh State Cooperative Bank Ltd located in Rakhoh, Mandi, Himachal Pradesh, is provided a unique IFSC like HPSC0000358 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Himachal Pradesh State Cooperative Bank Ltd branch in Mandi.
- 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 Mandi and Mandi.
- 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 Himachal Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Himachal Pradesh State Cooperative Bank Ltd in Rakhoh do not get misguided to another person.
Format of the IFSC Code HPSC0000358
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 Rakhoh in Mandi.
For example, the IFSC Code HPSC0000358 of Himachal Pradesh State Cooperative Bank Ltd for the Rakhoh branch has these elements, identifying the bank and the branch location in Mandi and Himachal Pradesh correctly.
How to Find IFSC Code for Himachal Pradesh State Cooperative Bank Ltd?
To find the IFSC Code HPSC0000358 of Himachal Pradesh State Cooperative Bank Ltd for its Rakhoh branch located in Mandi, the following methods can help you out:
Cheque Book
The cheque book issued by Himachal Pradesh State Cooperative Bank Ltd includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Himachal Pradesh State Cooperative Bank Ltd branches in Mandi and Mandi, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Himachal Pradesh State Cooperative Bank Ltd and go to the branch locator section. Then search for Rakhoh or Mandi to find the exact IFSC Code HPSC0000358.
Mobile Banking App
If you use Himachal Pradesh State Cooperative Bank Ltd'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 Himachal Pradesh State Cooperative Bank Ltd and Mandi will provide accurate information.
How to Use IFSC Code HPSC0000358 for Online Transfers?
Once you have the IFSC Code HPSC0000358 for the Rakhoh branch of Himachal Pradesh State Cooperative Bank Ltd in Mandi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code HPSC0000358. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 HPSC0000358.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Himachal Pradesh State Cooperative Bank Ltd Rakhoh in Mandi, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Himachal Pradesh State Cooperative Bank Ltd in Rakhoh, here are some of the ways you can get 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.
Knowing both IFSC and MICR code can help account holders in Mandi manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Rakhoh Mandi branch is HPSC0000358.
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 Vpo Rakhoh Tehsil Sarkaghat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.