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 Woori Bank for its Rtgs-Ho branch in Chennai, Chennai, 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 Woori Bank located in Chennai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code HVBK0NEFTSC. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Woori Bank, Rtgs-Ho, Chennai
Here are the main details that are associated with the IFSC Code HVBK0NEFTSC of Woori Bank for its branch located in Chennai, within the district of Chennai in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Woori Bank |
| IFSC Code | HVBK0NEFTSC |
| Branch | Rtgs-Ho |
| City | Chennai |
| District | Chennai |
| State | Tamil Nadu |
| Address | 2Nd Floor, Lotte India, No 4/169, Rajiv Gandhi Salai, Kandhanchavadi, Perungudi Taluk, Chennai - 600096 |
These details are important not only for users using online banking but also for businesses and individuals who use Woori Bank in Chennai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code HVBK0NEFTSC for the Rtgs-Ho branch of Woori Bank 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, including Woori Bank located in Rtgs-Ho, Chennai, Tamil Nadu, is provided with a unique IFSC like HVBK0NEFTSC to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Woori Bank branch in Chennai.
- 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 Chennai and Chennai.
- 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 Tamil Nadu and the rest of India and the IFSC Code ensures that transactions meant for Woori Bank in Rtgs-Ho do not get mixed with another location.
Format of the IFSC Code HVBK0NEFTSC
The format of the IFSC Code for banks, including Woori Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Woori 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 Rtgs-Ho in Chennai.
For example, the IFSC Code HVBK0NEFTSC of Woori Bank for the Rtgs-Ho branch includes these elements, identifying the bank and the branch location in Chennai and Tamil Nadu accurately.
How to Find IFSC Code for Woori Bank?
If you are trying to find the IFSC Code HVBK0NEFTSC of Woori Bank for its Rtgs-Ho branch located in Chennai, the following methods can help:
Cheque Book
The cheque book issued by Woori Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Woori Bank branches in Chennai and Chennai, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Woori Bank and navigate to the branch locator section. Search for Rtgs-Ho or Chennai to get the exact IFSC Code HVBK0NEFTSC.
Mobile Banking App
If you use Woori 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 Woori Bank and Chennai, you'll get the correct details.
How to Use IFSC Code HVBK0NEFTSC for Online Transfers?
Once you have the IFSC Code HVBK0NEFTSC for the Rtgs-Ho branch of Woori Bank in Chennai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code HVBK0NEFTSC. 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 Woori Bank IFSC Code HVBK0NEFTSC.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Woori Bank Rtgs-Ho in Chennai, your payment can get delayed or might not go through at all.
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 Woori Bank in Rtgs-Ho, 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 Woori Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Chennai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is HVBK0NEFTSC.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 2Nd Floor, Lotte India, No 4/169, Rajiv Gandhi Salai, Kandhanchavadi, Perungudi Taluk, Chennai - 600096 located in Chennai, Chennai, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.