BSR CODE OF HDFC BANK is a code used to identify the location of an HDFC Bank branch. This code is necessary when making transactions with the bank, such as transferring funds or paying bills. The code can be found on the HDFC Bank website, and it is important to note that it may be different for each branch.
What are BSR Codes and their importance?
BSR code is a unique code that is assigned to every bank branch by the Reserve Bank of India. This code is used to identify the bank and its branch when processing transactions.
The importance of BSR code lies in the fact that it helps to ensure that all transactions are processed smoothly and accurately. It also helps to track down the location of a particular bank branch, in case of any query or dispute.
How to find the BSR code of HDFC Bank?
To find the BSR code of HDFC bank, firstly, visit the official website of HDFC Bank. On the main page, locate and click on the link for ‘Bank IFSC/MICR Code’ under the ‘Useful Links’ section. On the new page that opens, select ‘HDFC Bank’ from the drop-down menu for ‘Bank Name’. Next, select your state and district from the respective drop-down menus. Finally, click on the ‘Search’ button. This will bring up a list of all HDFC Bank branches in your selected state and district, along with their BSR codes.
What are the uses of the BSR Code?
The BSR Code of HDFC Bank is an essential part of HDFC Bank’s operations. It is used to identify the bank branch where a transaction took place. The code is also used by the Reserve Bank of India (RBI) for statistical reporting.
The BSR Code of HDFC Bank has 11 digits, with the first 6 digits representing the bank and the last 5 digits representing the specific branch. For example, if the BSR code for HDFC Bank’s Mumbai branch is 023101, this means that the bank is HDFC Bank and the branch is located in Mumbai.
The BSR code is used by HDFC Bank to process transactions and reconcile accounts. It is also used by RBI for various purposes, such as identifying trends and analyzing banking data.
The role of BSR code in NEFT and RTGS transactions
The role of the BSR code in NEFT and RTGS transactions is to ensure that these transactions are processed smoothly and efficiently. BSR code is an eight-digit numeric code that is assigned by the Reserve Bank of India to every bank branch that participates in the NEFT and RTGS systems. This code is used by the banks to identify the originating bank branch when processing NEFT and RTGS transactions.
BSR code is mandatory for all NEFT and RTGS transactions. The code helps to ensure that the transaction is routed through the correct banking channel and that it is processed quickly and efficiently. When sending an NEFT or RTGS transaction, you will need to provide the BSR code of the originating bank branch. You can find this information on your bank statement or passbook, or you can contact your bank for assistance.
How to use the BSR code Of HDFC bank account holders?
BSR code is a unique code that is assigned to every HDFC bank branch. This code is required for many banking transactions like filing income tax returns, opening a new bank account, transferring funds, etc.
If you are an HDFC bank account holder, then you can easily find your BSR code on your passbook or bank statement. Alternatively, you can also find it on the HDFC Bank website by selecting your state and city from the drop-down lists.
Once you have located your BSR code, you can use it for various banking transactions as mentioned above. It is important to note that the BSR code changes from time to time, so make sure you always use the latest code while making any transaction.
The BSR code is an important identifier for HDFC Bank branches. It is used by the Reserve Bank of India to process transactions between banks and to keep track of HDFC Bank’s daily operations. If you are looking to make a transaction with HDFC Bank, be sure to use the correct BSR code for your branch. You can find the BSR code for your branch on HDFC Bank’s website or by contacting customer service.
Please note the BSR code of HDFC Bank is 786. This code is used to identify the bank and its branch when making a transaction. The first three digits of the code represent the bank, and the last three digits represent the specific branch. When making a transaction, you will need to provide your BSR code to your bank in order to ensure that the funds are transferred to the correct account.
For a better understanding of our readers, we are giving this example.
- The first two digits of the code represent the state in which the bank branch is located.
- The next two digits represent the district in which the bank branch is located.
- The last three digits of the code represent the sequential number of the bank branch in that district.
For example – the BSR code of HDFC Bank is 026009.
- The first two digits (02) represent the state in which the bank branch is located (Maharashtra).
- The next two digits (60) represent the district in which the bank branch is located (Thane).
- The last three digits (009) represent the sequential number of the HDFC Bank branch in the Thane district. Follow the official site for more info.
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