Pune branch of HSBC Bank is associated with the unique IFSC Code HSBC0411002, located at the AMAR AVINASH CORPORATE CITY SECTOR NO 11 BUND GARDEN ROAD PUNE 411 011.
Bank: HSBC Bank
IFSC: HSBC0411002
Branch: Pune
Address: AMAR AVINASH CORPORATE CITY SECTOR NO 11 BUND GARDEN ROAD PUNE 411 011
City: PUNE
District: PUNE
State: MAHARASHTRA
STD Code: 0
Phone: 0
The IFSC code enables customers to execute a variety of financial transactions with precision and efficiency, whether initiating online transfers, making payments, or verifying the authenticity of a transaction. It stands as an indispensable element in the modern banking landscape.
The IFSC (Indian Financial System Code) is an 11-character code that uniquely identifies a bank branch in India. It is structured as follows:
| Position | Character | Description |
| 1-4 | Alphabets | Bank Code |
| 5 | 0 | Reserved for future use |
| 6-11 | Numerals | Branch Code |
Here’s a breakdown of the structure:
Bank Code (Positions 1-4): These are alphabetical characters representing the specific bank. For example, “ABCD” might be the code for a bank.
Reserved (Position 5): This position is reserved for future use and is currently set as “0.”
Branch Code (Positions 6-11): These are numeric characters identifying the specific branch of the bank. This part of the code varies from branch to branch.
So, an example IFSC code could be: ABCD0123456
ABCD: Bank Code
0: Reserved
123456: Branch Code
For more information you can also visit Reserve Bank of India: List of NEFT enabled Bank Branches (Bank-wise Indian Financial System Code)
FAQs around IFSC Codes
| Question | Answer |
| What does IFSC stand for? | Indian Financial System Code |
| What is the purpose of an IFSC code? | Identifying a specific bank branch for electronic fund transfers |
| How many characters are there in an IFSC code? | 11 characters |
| What is the format of an IFSC code? | Alphanumeric code |
| Which organization assigns IFSC codes in India? | Reserve Bank of India (RBI) |
| What does the first four characters of an IFSC code represent? | Bank code |
| What does the fifth character of an IFSC code represent? | Usually ‘0’ and reserved for future use |
| What do the last six characters of an IFSC code represent? | Branch code |
| How is the IFSC code used in electronic fund transfers? | To identify the specific bank branch for accurate transactions |
| Can an IFSC code be used for international transfers? | No, IFSC codes are used for domestic transactions within India |
| Is the IFSC code case-sensitive? | No, it is not case-sensitive |
| How can I find the IFSC code of my bank branch? | Check the bank’s official website, use online IFSC code directories, or contact the bank directly |
| Can the IFSC code change? | Yes, especially when there are mergers, closures, or branch relocations |
| How often does the RBI update IFSC codes? | As needed, when there are changes in the banking system |
| Can two branches of the same bank have different IFSC codes? | Yes, each branch has a unique IFSC code |
| What is the significance of the IFSC code in online banking? | It ensures accurate routing and processing of electronic fund transfers |
| How can I check the validity of an IFSC code? | Cross-check with the bank or use official sources like the RBI’s website or authorized IFSC code directories |
| Are all banks in India assigned IFSC codes? | Yes, all banks participating in electronic funds transfer systems have IFSC codes |
| Can an IFSC code be used to identify the account holder? | No, it only identifies the bank branch |
| Is the IFSC code the same as the MICR code? | No, the Magnetic Ink Character Recognition (MICR) code is different |
| Can I find the IFSC code on my bank statement? | Yes, it is usually printed on the bank statement |
| What information is needed to generate an IFSC code? | Bank name, branch, and location information |
| Is there a fee for obtaining an IFSC code? | No, it is a standard code provided by the RBI |
| Can I find the IFSC code on my checkbook? | Yes, it is often printed on the checkbook |
| How can I report an incorrect IFSC code? | Contact the bank immediately and provide accurate information |
| Can a bank have multiple IFSC codes for different transactions? | Yes, especially if it has multiple branches serving different purposes |
| Is the IFSC code required for all types of bank transactions? | It is essential for electronic fund transfers but may not be needed for all transactions |
| How long is an IFSC code valid? | Until there are changes in the bank’s structure, like mergers or branch relocations |
| Can I use someone else’s IFSC code for my transactions? | No, it is specific to the bank branch and must match the recipient’s bank details |
| Is there an international equivalent of the IFSC code? | No, different countries have their own systems for identifying bank branches |
Disclaimer: The content in this blog serves general information purposes and is not professional advice. Users are advised to verify their bank branch’s IFSC code through official sources or by directly contacting the bank, as banking regulations and IFSC codes may change. We do not assume responsibility for any inconvenience or loss due to reliance on the provided information. The IFSC code provided is for illustration, and users should independently confirm details before initiating financial transactions. Thank you for your understanding.