HDFC Bank Bhubaneswar IFSC Code

01/18/2018

Housing Development Financial Corporation or popularly known as HDFC is an Indian banking and financial services company which is headquartered in Mumbai, Maharashtra. The bank provides its service within the country and also widespread all over the world, for example, Bahrain, Hong Kong, Dubai etc.

HDFC bank helps its customers by providing various types of products and services such as:

Accounts and Deposits
Loan
Mobile Banking
SME Banking

IFSC Code HDFC Bank, Bhubaneswar

Reserve Bank of India (RBI) has launched IFSC codes which stand for Indian Financial System Code. This code was introduced by the RBI in order to ensure security and safety of the transactions. IFSC Code also helps in indentifying the bank and branch where the account of the beneficiary is held. RBI has also mandated IFSC code for different bank transactions. The IFSC code helps in recognizing each and every bank and its branches separately. The IFSC Codes follow two payment and settlement systems in India which are as follows:

RTGS (Real Time Gross Settlement)
NEFT (National Electronic Fund Transfer)

IFSC Code is 11- digit code assigned by the Reserve Bank of India (RBI) to every bank as a part of NEFT / RTGS.

In IFS Code

(a) First four characters identify the bank name i.e. HDFC

(b) The fifth character is always 0

[The IFS code used in above example is of Samantarapur, Bhubaneswar i.e., "HDFC0002396"].

Bhubaneswar which is also known as "Temple City" has become a model of liveability which is evident by city's stable growth rate in recent decades. The city also plays an important role as a regional gateway to the Golden Tourist Triangle of Puri, Konark and Chilika Lake. It is also considered to be the planned four "Information Technology Investments Regions" in India.