HSBC IFSC code & MICR code

HSBC IFSC Code

Until recently, the process of transferring money from one bank account to another used to be a long one. At that time, an individual had to first visit the bank branch to make a transfer and then wait till it amount was processed and credited in the other account.

This time consuming method is now a thing of the past with the advent of electronic transfer methods like NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and IMPS (Immediate Payment Service) facilities being offered by banks and financial institutions. Courtesy an initiative by the Reserve Bank of India (RBI) to expedite online money transfers across the country, these services now allow individuals to send money using a quick and secure process.

To facilitate transactions using either NEFT, RTGS, and IMPS, the Reserve Bank of India have issued a unique 11-digit alphanumeric code to every bank branch of respective banks that operate in the country. This IFSC code helps the RBI to regulate the online transactions that take place and also helps in identifying both the origin as well as the destination banks involved in the transaction.

The IFSC code is a string of 11 characters containing both alphabets and numbers. The bank's name makes up the first four characters, while the fifth character is 0. The bank branch number makes up the last six characters.

Listed below are a couple of bank branches of HSBC Bank that operate in Bangalore(Urban) along with details like IFSC code, open hours, mode of payment, remittance services, and bank details.

How Do I Search for HSBC IFSC and MICR Codes

Locating the IFSC and MICR codes for a particular bank branch is a very simple process. HSBC prints the IFSC Code of its bank branches registered on the NEFT network on the cheque books issued to its customers. The information is also available on the bank website as well. Another way to find the IFSC codes are through third-party sites like BankBazaar.

To check the IFSC and MICR code, through Bank Bazaar Website, follow the given below steps:

1. You need to open the homepage of Bank Bazaar website

1. Scroll down to bottom and select the option ‘Bank IFSC’

1. After you need to enter the details requested on the page

1. Once you provide all the details regarding IFSC and MICR codes of the bank, the information will be displayed on the screen.

How Do I Transfer Funds Through HSBC NEFT & RTGS?

Transferring money online has become safer and faster with the advent of the NEFT and RTGS methods of wireless transfer. Both the facilities assure security and are the quickest means to move funds within India. Given below are ways you can use both services to facilitate an electronic money transfer.

NEFT (National Electronic Funds Transfer):

The National Electronic Funds Transfer services are available to HSBC customers from Monday to Saturday from 8:00 am to 7:00 pm. This service is not available on holidays and on second and the fourth Saturdays every month. The transfer requests will be processed in hourly batches daily. However if requests are received after 4:15 pm, the transfer will be processed on the next working day.

HSBC customers can avail this service online or by visiting a branch. There is no upper or lower limit on NEFT transfers, however there is an upper limit of Rs. 15 lakhs in a day on transactions made online. For any transactions above Rs. 15 lakhs, customers would have to visit their nearest branch.

HSBC charges for providing this service to its customers, the rates are mentioned below:

How to Pay HSBC Credit Card Bill via IFSC Code

• Access your bank's net banking portal by filling in your username and password.
• Select the option NEFT from the ‘Fund Transfer’ section.
• If your HSBC card is not added, then you have to add the card as beneficiary by providing the details such as:

1. Your 16-digit HSBC credit card number 

1. Select Account Type as Credit Card 

1. Credit card IFSC Code: HSBC0400002 

1. Your name (as on the credit card)

4. Choose your account for making payment

5. Select your credit card from the list of beneficiaries

6. Enter the amount and confirm the transaction.

RTGS (Real Time Gross Settlement):

Real Time Gross Settlement is the fastest means of money transfer in India. The money transfers are processed as soon as the request is made, that is, on a "real time" basis. Each transaction is made individually and multiple transactions are not grouped or bundled together. This feature means that once a request for an RTGS transaction is made, it is final and cannot be taken back. The minimum amount that can be transferred through this medium is Rs. 2 lakhs. There is no upper limit. HSBC limits the amount of money that can be transferred each day by an individual to Rs. 15 lakhs. For those who wish to transfer amounts higher than this, they would have to visit an HSBC branch and make their transaction.

RTGS facility is available to HSBC customers from Monday to Saturday between 8:00 am to 4:00 pm for same day credit. In case transfer requests are received after 4:00pm, or on holidays, it will be processed on the following business day. This facility is not available on second and fourth Saturdays.

HSBC charges for RTGS facility are as follows:

About HSBC:

The Hong Kong and Shanghai Banking Corporation Limited or HSBC, as it is better known, is a leading banking and financial services provider with a global presence. The bank was established in 1865 in Hong Kong and is currently headquartered in London. With a presence in 62 countries, and serving approximately 39 million customers, the bank provides retail banking, global banking, wealth management and commercial banking as also private banking. The bank is renowned for its service quality and for going the extra mile when it comes to providing banking services to its customers.