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HDFC Bank Online Banking
HDFC Bank is an Indian bank headquartered out of Mumbai that maintains financial services around the globe. It is one of the largest (private sector) banks in India, and has been ranked among the top 50 financial institutions in the world for their success in regards to market capitalization.
HDFC Bank provides customers with several options in regards to wire transfers, both international and domestic. The SWIFT code makes international wire transfers simple and secure, and their is only one such code for all HDFC branches.
Routing Number On Check
As HDFC Bank is an Indian bank primarily located only in Indian territory, it does not use ABA routing numbers. An HDFC Bank check will contain other financial coding and information, based on India’s particular financial processing system.
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How to Wire Funds
HDFC Bank has both domestic (Indian) and International transfer capabilities. For telegraphic wire transfers to institutions in the USA, a SWIFT code must be used. In order to successfully send funds to an HDFC bank account, an individual must have the following information available:
- Nostro Account Number of HDFC Bank
- SWIFT Code
- HDFC Bank Account number
- Instructions (e.g. open a new checking account, book a new FCNR deposit)
Send Money From USA To India
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$
- 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.
What is the routing number and sorting code of HDFC Bank, India?
A routing number is a nine-digit code used to identify a financial institution in the United States.
Banks use routing numbers to direct the exchange of funds to and from one another.
Routing numbers were originally created by the American Bankers Association (ABA) to streamline the circulation of paper checks on a massive scale. They are commonly referred to as ABA Routing Numbers or American Clearing House (ACH) Routing Numbers, and can be found on bank websites or the ABA’s online database.
The routing number consists of nine digits printed on the bottom of your check. The odd font used to print the number is known as Magnetic Ink Character Recognition (MICR) and is printed in electronic ink to allow banking institutions to easily process checks.
In India, Routing number is called as MICR number or Sorting Code. Its written at the bottom of the Cheque and is of 9 digits.
This number varies from branch to branch. The nine number digit of MICR code is usually divided into three parts.
For example, the micr code of HDFC, Mumbai Central Branch is 400240071, where
400 is postal code
240 is code awarded by RBI to HDFC
071 is the code given by HDFC to that branch.
Therefore, whereas the first six numbers would always be same for any HDFC branch, the last three numbers would change.
Is ABA Routing Number for ACH or wire?
Both transactions require a 9-digit number, but you will have to verify with the financial institution where you are sending the funds, if the ABA number for ACH or wires are the same, or which routing number should be used for a wire transfer and for the ACH. An ABA Routing Number identifies a financial institution.
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Is ABA routing number needed for international transfer?
The USA is the only country that uses Routing Numbers, even when receiving money from a foreign bank account. … However, if you wish to make an international bank transfer to a US account from a bank account outside the USA, you will need to provide their Routing Number in order for the funds to reach the account safely.
Do you need ABA number for international wire?
ABA numbers and international transfers
If you’re abroad and wish to transfer funds into a US bank account, you’ll need to provide the ABA number. For international payments you’ll usually need the account’s BIC/SWIFT code as well, which can be found on the bank’s website or calling customer service.
Which routing number do I use for wire transfer?
You will need both routing numbers and bank account numbers for domestic wire transfers within the United States. The ABA routing transit number (ABA RTN) is a nine-digit code printed on the bottom of checks which identifies the financial institution from which the funds are sent.
Can I use wire routing number for direct deposit?
know that banks have two separate routing numbers. One for wire transfers and one for ACH transfers. If you used your banks wire transfer number it will still go to your bank but the banks computer systems will not know where to put the money and there is a good chance they will reject it.
Is ABA same as account number?
Used within the United States, the American Banking Association (ABA) Routing number may also be called the Routing Transfer Number (RTN). It is the identification code of your bank, is nine digits long and is composed of numbers only. … Use the ABA with the account number to perform the transaction.
What is mean by bank routing number?
Your routing number identifies the location where your account was opened. … Your bank routing number is a nine-digit code that’s based on the U.S. Bank location where your account was opened. It’s the first set of numbers printed on the bottom of your checks, on the left side.
What is EFT routing code?
Please refer to the sample check below to identify the placement of your bank’s nine-digit routing number and your bank account number if you wish to have your EFT payments drawn from your checking account. Your bank’s routing number is the nine-digit number at the bottom left of your check.
What is the difference between ACH ABA and wire ABA?
1. ABA routing numbers are used for paper or check transfers; whereas ACH routing numbers are used for electronic transfers. 2. ABA routing numbers and ACH routing numbers may be the same for some institutions or they might be separate.
Is Wire Transfer same as ACH?
Automated Clearing House (ACH) and wire transfers are used to move money between banks. Wire transfers are usually processed the same day and are a bit more costly, whereas ACH transfers can take longer.