HDFC0005587 IFSC Code, HDFC BANK, BABAI

IFSC Code of Hdfc Bank, Babai, Madhya Pradesh IFSC CODE & MICR CODE

HDFC BANK, BABAI - HDFC0005587

  • Bank name: HDFC BANK

Bank Address: Ground Floor Main Road Near Sbi Bank Babai Madhya Pradesh 461661

  • IFSC Code hdfc0005587
  • Bank Code HDFC
  • Bank name HDFC BANK
  • Bank contact number +9173161606161
  • Bank branch BABAI
  • Bank ISO3166 Code IN-MP
  • Bank Center BABAI
  • MICR Code 461240004
  • State name MADHYA PRADESH
  • District name BABAI
  • City name HOSHANGABAD
  • Swift HDFCINBB
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for HDFC BANK, BABAI branch is HDFC0005587, ensures that your transactions are directed to the correct branch.

How to Use HDFC0005587 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the BABAI branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.