routing number hdfc bank
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Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.[1] Lending activities can be directly performed by the bank or indirectly through capital markets.
Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalised a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords.
Renaissance Italy
Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancient world. In the history of banking, a number of banking dynasties – notably, the Medicis, the Fuggers, the Welsers, the Berenbergs, and the Rothschilds – have played a central role over many centuries. The oldest existing retail bank is Banca Monte dei Paschi di Siena (founded in 1472), while the oldest existing merchant bank is Berenberg Bank (founded in 1590).
Transaction Details
To remit funds to India, you need to enter the following details in the remittance form
- HDFC Bank’s Nostro Account number
- HDFC Bank’s SWIFT Code
- Your or your beneficiary’s account number with HDFC Bank
- Disposal instructions Eg: Open a new NRE Savings Account or to book a new FCNR Deposit for 1 year in US$
Please note:
- While remitting funds for FCNR Deposit, do not mention your NRE/ NRO Savings Account Number to avoid the funds getting converted to INR. You could mention your customer ID number for reference.
- Please mention the purpose code in field 70/72 in the remittance form. Click here for the list of purpose codes.
Bank Detail Locator
Locating a bank is now easy and effortless. All it requires is you to select your bank name, state, district and branch. One may require IFSC code, MICR code, SWIFT code, PIN code, and routing number at some point or the other for their transaction purposes. With our website, My Bank Detail, you will get access to these vital details for your payment purposes easily.
Through MY Bank Detail.com, you can locate a bank based on their PIN codes, or search for IFSC code, MICR codes, SWIFT Codes, and routing number easily. But before that let’s understand the whole financial system accurately.
HDFC Bank
HDFC Bank is one of the prime and renowned banks that are known to serve their customers with utmost loyalty and timely services. Be it opening an account, a Demat account, or online internet banking registration, HDFC Bank will be at your service 24 x 7. Being known for enhancing every customer’s banking experience, HDFC Bank has efficiently provided consistent support and ace-quality services. Even for your smallest need, they make sure it is heeded and solved promptly.
Transactions or fund transfer is the most commonly used service in any bank. HDFC Bank offers a seamless transfer of money from theirs to another. RTGS and NEFT are the safest and quickest ways to transfer money.
RTGS
It is a fund transfer mechanism that lets you transfer money almost instantly. The transfer request can be made on the operating window which from 9 AM until 4:30 PM on weekdays and 9 AM until 2 PM on Sunday. TO initiate an RTGS request, you need to fill the RTGS form which requires certain financial details of your accounts as well as the beneficiary’s account. To experience the ease of this service, opt for the online RTGS rather than visit the branch. The time taken to process a fund transfer is almost equal to instant. One must note that the transfer of amount cannot be initiated if the fund amount is less than Rs. 2 lakh.
NEFT
NEFT or National Electronic fund transfer is a system used for one on one bank transfers. Being a national wide system, it is one of the popular ways of transferring funds online. You should activate an online bank account system or net banking. Login using your user ID and password. Proceed towards the NEFT fund transfer section and add beneficiary details such as name, their bank account number and IFSC code. After adding the beneficiary detail, all you have to do is to add the fund amount and transfer. NEFT transactions can be done only during the bank’s working hours. In the case of NEFT, there are no upper and lower limits.
Each of these services requires certain vital financial information of yours and your beneficiary’s account. Finding the IFSC code and MICR code is never a hassle. There are lots of ways of finding one. Gaze through your chequebook or passbook, check the bank website or on your mobile bank app. Another effortless way to find the IFSC code and MICR code of HDFC Bank is to use a third-party website like mybankdetail.com. All you got to do is select the correct details from the drop-down list such as HDFC Bank, location. District and State. You will see all the information about the bank on our page.
HDFC Bank – SWIFT codes in India
The SWIFT code for HDFC Bank is HDFCINBBXXX. Please bear in mind that HDFC Bank uses different SWIFT codes for the different types of banking services or branches. Kindly check with your recipient or with the bank directly to find out which one to use.
How can I find my HDFC Bank SWIFT code?
To find your SWIFT code, log into your online banking, or take a look at a recent bank statement. You can also use the handy tools available here to look up or verify the SWIFT code you need.
Getting the correct SWIFT code for your payment is important. If you use the wrong SWIFT code when sending money abroad, you might find your payment is returned or delayed.
The downside of international transfers with your bank
When you send or receive an international wire with your bank, you might lose money on a bad exchange rate and pay hidden fees as a result. That’s because the banks still use an old system to exchange money. We recommend you use Wise, which is usually much cheaper. With their smart technology:
- You get a great exchange rate and a low, upfront fee every time.
- You move your money as fast as the banks, and often faster – some currencies go through in minutes.
- Your money is protected with bank-level security.
- You join over 2 million customers who transfer in 47 currencies across 70 countries.
What are SWIFT codes?
SWIFT/BIC codes used to identify specific banks and branches in international money transfers, making sure your money gets to the right place. These codes used by banks to process international wire transfers and messages.
All SWIFT codes consist of 8 or 11 characters. An 11 digit code refers to a specific branch, while an 8 digit code (or one ending in ‘XXX’) refers to the bank’s head office. SWIFT code registrations handled by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The term SWIFT often used interchangeably with BIC, which stands for Bank Identifier Code.
HDFC BANK State wise list:
It has branches in the following state(s) :- Andaman and nicobar island, Andhra pradesh, Arunachal pradesh, Assam, Bihar, Bilaspur, Cg, Chandigarh, Chhattisgarh, Dadra and nagar haveli, Daman and diu, Delhi, Goa, Gujarat, Haryana, Himachal pradesh, Jammu and kashmir, Jharkhand, Karnataka, Kerala, Madhya pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Pondicherry, Puducherry, Punjab, Rajasthan, Sikkim, Tamil nadu, Telangana, Tripura, Uttar pradesh, Uttarakhand, West bengal.
HDFC Bank established in 1994. It is one of the leading private banks in India and was one of the first to get approval from the Reserve Bank of India (RBI).
Today HDFC Bank has a banking network of 5,608 branches and 14,897 ATMs in 2,902 cities/towns.
HDFC Bank caters to a wide range of banking services which includes commercial and investment banking on the wholesale side and transaction/branch banking on the retail side.
MNCs
For the bank’s customers, the bank offers a wide range of commercial and transactional banking services including working capital finance, business services, transaction services, cash management etc. The bank is also a leading provider of structured solutions, combined with cash management services. Provides vendor and distributor finance to facilitate better supply chain management for its corporate clients.
Based on its superior product delivery/service levels and strong customer orientation, the Bank has made significant inroads into the banking consortium of several leading Indian Corporates including MNCs, Domestic Business House Companies and Major Public Sector Companies. The Bank’s three core products The sectors are – forex and derivatives, local currency money markets and debt securities, and equities.
HDFC Bank was the first bank in India to launch an international debit card in association with Visa and also issued the MasterCard Maestro Debit Card.
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