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 Hsbc Bank for its Peddar Road Mumbai branch in Mumbai, Greater Mumbai, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Hsbc Bank located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code HSBC0400007. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Hsbc Bank, Peddar Road Mumbai, Mumbai
The table below shows the main details of the IFSC Code HSBC0400007 for the Hsbc Bank branch in Mumbai, which falls under the Greater Mumbai district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Hsbc Bank |
| IFSC Code | HSBC0400007 |
| Branch | Peddar Road Mumbai |
| City | Mumbai |
| District | Greater Mumbai |
| State | Maharashtra |
| Address | Asha Mahal 46 B Dr G Deshmukh Marg Mumbai 400 026 |
These details help users in online banking and for businesses and individuals who use Hsbc Bank in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code HSBC0400007 for the Peddar Road Mumbai branch of Hsbc Bank has a very important role.
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, including Hsbc Bank located in Peddar Road Mumbai, Mumbai, Maharashtra, is provided with a unique IFSC like HSBC0400007 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Hsbc Bank branch in Mumbai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Mumbai and Greater Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Hsbc Bank in Peddar Road Mumbai do not get mixed with another location.
Format of the IFSC Code HSBC0400007
The format of the IFSC Code for banks, including Hsbc Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Hsbc 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 Mumbai in Mumbai.
For example, the IFSC Code HSBC0400007 of Hsbc Bank for the Peddar Road Mumbai branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra accurately.
How to Find IFSC Code for Hsbc Bank?
If you are trying to find the IFSC Code HSBC0400007 of Hsbc Bank for its Peddar Road Mumbai branch located in Mumbai, the following methods can help:
Cheque Book
The cheque book issued by Hsbc Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Hsbc Bank branches in Mumbai and Greater Mumbai, print them on the first page of your passbook.
Bank Website
Visit the official website of Hsbc Bank and navigate to the branch locator section. Search for Peddar Road Mumbai or Mumbai to get the exact IFSC Code HSBC0400007.
Mobile Banking App
If you use Hsbc Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Hsbc Bank and Mumbai, you'll get the correct details.
How to Use IFSC Code HSBC0400007 for Online Transfers?
If you have the IFSC Code HSBC0400007 for the Peddar Road Mumbai branch of Hsbc Bank in Mumbai, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code HSBC0400007. 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 Hsbc Bank IFSC Code HSBC0400007.
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 Hsbc Bank Peddar Road Mumbai in Mumbai, 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 Hsbc Bank in Peddar Road Mumbai, 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 Hsbc Bank website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Mumbai to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is HSBC0400007.
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 Asha Mahal 46 B Dr G Deshmukh Marg Mumbai 400 026 located in Mumbai, Greater Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
