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Bank Related News

West Asia conflict could lift India's inflation, hit GDP growth: Economists
Mar 07, 2026, 00:32AM ISTGeopolitical tensions in West Asia are likely to keep crude oil prices high. This could increase India's inflation by up to 20 basis points in FY27. Economists suggest fuel retailers might absorb some costs, limiting immediate consumer price hikes. Higher oil prices may also affect economic growth and widen the current account deficit.

HDFC Bank hikes FD interest rate: Check latest fixed deposit rates effective March 6, 2026
Mar 06, 2026, 04:56PM ISTHDFC Bank has revised its fixed deposit interest rates. New investors will see an increase on a specific tenure. The revised rates are effective from March 6, 2026.

Ahead of Market: 10 things that will decide stock market action on Friday
Mar 05, 2026, 09:04PM ISTIndian equities rebounded sharply as the BSE Sensex surged 900 points to 80,015 and the NSE Nifty 50 rose 285 points, tracking a recovery in global markets. Buying in metals, auto and realty supported gains while IT stocks lagged.

NHAI-backed Raajmarg Infra Investment Trust's Rs 6,000-crore IPO to open on March 11
Mar 05, 2026, 02:32PM ISTState-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) on Thursday fixed a price band of Rs 99 to Rs 100 per unit for its upcoming Rs 6,000-crore Initial Public Offering (IPO).

The rise of AI in financial services; analysts split on IT’s future
Mar 05, 2026, 10:06AM ISTHappy Thursday! Financial services firms are increasingly adopting AI. This and more in today's ETtech Morning Dispatch.

As banks tap AI for big tasks, local startups get a prompt
Mar 05, 2026, 09:22AM ISTWhile automation of call centres saw the first wave of AI adoption in the highly regulated sector, more applications are getting powered by this technology now. The remit of AI applications widened after the Reserve Bank of India listed down broad guidelines in August in the Free-AI regulatory document, detailing the adoption of AI in banks’ internal workflow.

Pvt lenders to log higher liquidity coverage ratios gains on wholesale deposits
Mar 05, 2026, 00:37AM ISTNew banking rules starting April 1 will boost liquidity coverage ratios for banks holding more wholesale deposits. Private lenders are set to benefit more as certain wholesale deposits will attract lower run-off factors. This change is expected to improve the overall LCR for banks. Public sector banks may see a smaller advantage from these adjustments.

These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%
Mar 02, 2026, 11:16PM ISTThere are two ways to deal with the uncertainty stock markets are experiencing at this point. One: Just stay out till all the event risks are over. Or, two: Use the uncertainty to look for opportunities – but with a long-term perspective. Both approaches have their positives and negatives, and one needs to decide which to adopt. But in both approaches, keep one thing in mind: More than anything else, the fundamentals of the business and its sector are the key.

HDFC Bank locker charges 2026: Lender increases rentals by up to 184%, introduces ‘Metro Plus’ category from April 1, 2026
Mar 06, 2026, 04:57PM ISTHDFC Bank will introduce new locker rental rates from April 1, 2026. Locker rentals may vary amongst branches in the same location. Locker rentals are levied annually and collected in advance. Locker rental costs vary according to the locker's size and branch location.

HDFC Bank ATM UPI cash withdrawal rule changes from April 1, 2026: Free transaction limits, fees explained
Mar 02, 2026, 02:18PM ISTHDFC Bank will now count UPI cash withdrawals at its ATMs within the monthly free transaction limit starting April 1, 2026. Exceeding this limit will incur a fee of Rs 23 plus applicable taxes per transaction. This change aligns UPI withdrawals with standard ATM cash withdrawal charges.
Popular Banks IFSC Code
| SBI IFSC Code | HDFC Bank IFSC Code | ICICI Bank IFSC Code | BANK OF BARODA IFSC Code | Axis Bank IFSC Code |
| INDIAN BANK IFSC Code | CANARA BANK IFSC Code | BANK OF INDIA IFSC Code | ANDHRA BANK IFSC Code | CENTRAL BANK OF INDIA IFSC Code |
| ALLAHABAD BANK IFSC Code | Punjab National Bank IFSC Code | BANK OF MAHARASHTRA IFSC Code | CITI BANK IFSC Code | Kotak Mahindra Bank IFSC Code |
Top Cities of Hdfc Bank IFSC Code
| Hdfc Bank Mumbai IFSC Code | Hdfc Bank Delhi IFSC Code | Hdfc Bank Kolkata IFSC Code | Hdfc Bank Chennai IFSC Code | Hdfc Bank Bangalore IFSC Code |
| Hdfc Bank Hyderabad IFSC Code | Hdfc Bank Ahmedabad IFSC Code | Hdfc Bank Pune IFSC Code | Hdfc Bank Gurgaon IFSC Code | Hdfc Bank Jaipur IFSC Code |
Difference Between Branch Code, IFSC Code and MICR Code
The branch code is a unique identifier that helps distinguish one branch of a bank from another within the same network. It is typically a combination of numbers or letters assigned to each branch to facilitate easy identification and communication within the banking system. This code is important for internal record-keeping, customer service, and other administrative purposes within the bank. On the other hand, the IFSC (Indian Financial System Code) is a crucial code used for electronic fund transfers in India. It is an alphanumeric code that consists of 11 characters and is assigned by the Reserve Bank of India to each bank branch participating in the NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) systems. The IFSC code helps ensure accurate routing of funds between banks and branches, thereby minimizing errors and delays in transactions. Additionally, the MICR (Magnetic Ink Character Recognition) code is a technology used for authenticating banks on documents like cheques. It consists of a unique combination of numbers and characters printed in magnetic ink at the bottom of cheques to facilitate automated processing.The MICR code helps in identifying the bank and branch where the cheque is drawn, ensuring secure and efficient cheque processing. In summary, while the branch code helps identify specific bank branches within a network, the IFSC code is essential for electronic fund transfers, and the MICR code plays a vital role in authenticating banks on cheques for efficient processing. Together, these codes play a crucial role in ensuring smooth and secure financial transactions within the banking system.
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HDFC Bank: IFSC code
The Indian Financial System Code (or IFSC) is an 11-digit alpha-numeric code assigned by the Reserve Bank of India to identify every bank branch participating in the payment system uniquely. This code is used by electronic payment system applications such as RTGS, and NEFT. It is mandatory for fund transfers from one bank account to another. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same. For HDFC Bank's 11-digit IFSC code, the first four letters will be 'HDFC', and the last 6 digits will represent a specific branch code. For example, the IFSC code of the HDFC Bank branch at G-4, Ground floor, Surya Kiran Building, 19, Kasturba Gandhi marg, New Delhi 110001, is HDFC0000003. Here, 000003 is the branch code. HDFC Bank is India's largest private sector lender. According to the bank's annual report for FY2016-17, it has a total of 4,715 branches, 12,260 ATMs, and it is present in 2,657 cities and towns. RTGS Transaction limits
Transaction Charges for RTGS transactions from HDFC Bank branches
RTGS transactions done online are free with effect from November 1, 2017RTGS transaction timings:Online Transaction Timings: Monday to Saturday (Except 2nd and 4th Saturday and bank holidays) - 8:00 AM to 4:00PMNEFTNEFT transaction limits
Transaction charges for NEFT from HDFC Bank branches
NEFT transactions done online are free with effect from November 1, 2017NEFT Transaction timings" Online Transaction Timings: Monday to Saturday (Except 2nd and 4th Saturday and bank holidays) - 8:00 AM to 7:00PM" Funds transfer request made after 6:30 PM will be presented to RBI on the next working day.IMPS- IMPS using account number: Customer can transfer maximum amount as per the TPT limits. However per transaction limit for IMPS using Account number is Rs 2 lakh.
- IMPS using MMID: Net Banking and Mobile Banking: Rs 5,000 per day per Customer ID (on either of the channel)
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