IFSC Code, MICR And Swift Code for HDFC Bank Shahganj - Uttar Pradesh (UP)

List of IFSC code, MICR code and addresses of all bank branches in India. Find verified IFSC codes quickly to use for NEFT, RTGS & IMPS transactions.

State wise list of HDFC Bank IFSC code, MICR code and addresses of all branches in India

Locate any details of HDFC Bank Jaunpur branch in Uttar Pradesh (UP).

Below is the IFSC Code, SWIFT code and MICR Code Of HDFC Bank Shahganj branch in Jaunpur city and district, Uttar pradesh (up) state along with contact phone numbers and address for communication.

What Is The IFSC Code Of HDFC Bank Shahganj branch ?

The IFSC Code (Indian financial system code) of HDFC Bank's Shahganj branch is HDFC0002244. You may use this code for NEFT, IMPS and RTGS transactions to transfer fund domestically. For international fund transfer you will have to use SWIFT code of HDFC Bank Shahganj branch.

IFSC Code: HDFC0002244

IFSC Code HDFC0002244
(used for IMPS, RTGS and NEFT transactions)
MICR Code 223240002
SWIFT Code SWIFT Code of HDFC Bank
Bank HDFC Bank
Address Opp Mahila Hospital Azamgarh Road, Shahganj Jaunpur Uttar Pradesh
District Jaunpur
State Uttar Pradesh (UP)
City Jaunpur
Branch Shahganj
Phone number 9935903333

IFSC Code: HDFC0002244 and MICR Code:223240002; HDFC Bank Shahganj branch address: Opp Mahila Hospital Azamgarh Road, Shahganj Jaunpur Uttar Pradesh Jaunpur city, Jaunpur district in the state of Uttar pradesh (up). Contact phone number is 9935903333.

Uses Of IFSC Code HDFC0002244 Of HDFC Bank

IFSC Code: HDFC0002244 can be used for initiating funds transfer from Bank account of HDFC Bank to any other banks in India. Please Note: In India IMPS and NEFT are the popular methods of fund transfer to other bank accounts from HDFC Bank . Though wallet based transactions are widely being carried out, you really have to be careful with the identity of the personnel with whom you are carrying out financial transactions.

Fund Transfer Options Using HDFC Bank IFSC Code

HDFC Bank's IFSC Code can be used for electronic payment methods like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an inter-bank electronic instant mobile money transfer service (IMPS), and centralized Funds Management System (CFMS) developed by Reserve Bank of India (RBI).

What Is The SWIFT Code Of HDFC Bank Represents ?

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) (also known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard format of Business Identifier Codes approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. (When assigned to a non-financial institution, a code may also be known as a Business Entity Identifier or BEI.)

These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements. SWIFT and BIC codes are basically the same. The SWIFT code is 8 or 11 characters, Example: AAAAIN3M123

  • AAAA 4 letters: Institution Code or bank code.
  • IN 2 letters: ISO 3166-1 alpha-2 country code
  • 3M 2 letters or digits: location code
  • If the second character is "0", then it is typically a test BIC as opposed to a BIC used on the live network.
  • If the second character is "1", then it denotes a passive participant in the SWIFT network
  • If the second character is "2", then it typically indicates a reverse billing BIC, where the recipient pays for the message as opposed to the more usual mode whereby the sender pays for the message.
  • 123 last 3 letters or digits: branch code.

Where an 8-digit code is given, it may be assumed that it refers to the primary office.

Can I Use SWIFT Code For International Fund Transfer?

Yes, for transferring money to HDFC Bank Shahganj branch from foreign banks, you will have to use swift code. As you are aware swift code is utilized to recognize banks and other financial organizations internationally. It says who and where they are — a kind of global bank code or ID. Swift code is utilized while exchanging money between banks, specifically for worldwide wire exchanges or SEPA installments.

Uses Of MICR Code 223240002 Of HDFC Bank

MICR Code 223240002 Of HDFC Bank is a 9 digit numeric code, a Magnetic Ink Recognition technology for making cheque processing faster and simpler.

Work Timings Of HDFC Bank, Shahganj Branch

HDFC Bank Shahganj branch timings : Monday to Friday: 10 AM to 4 PM, Saturday - 10 AM to 4 PM(Except 2nd and 4th Saturday).


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Analysis of Financial Ratios
NIM (Net Interest Margin): Net interest margin (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their (interest-earning) assets. Thus, it also has high correlation to interest spread and thus impacts profitability of the bank. NIM of Andhra Bank is 2.77 which is greater than the average of all public sector banks but less than average NIM of all banks in India. This indicates that the bank is doing well as compared to an average PSB in India but lagging among all banks in India.

COF (Cost of Funds): Cost of funds for a bank is the average interest rate paid to depositors on financial products such as savings account, current account, and fixed deposits etc. Lower CoF is better for banks as it will increase profitability. COF of Andhra Bank is 7.13 which is poorer than the average among PSBs as well as poorer than average CoF of all banks.

Return on Advances: Return on advances indicates the average interest rate at which the bank lends money to the borrowers. Higher return of advances is better for higher profitability of the bank (however, higher interest rates also indicate risky assests). So this ratio should be read along with NPA Ratio for better understanding about the bank.

Return on Equity (ROE): Return on equity is the measure of bank's profitability. Higher the better. [RoE = Net Profit / Total Equity].

CRAR: Capital to Risk-Weighted Assets Ratio (also known as Capital Adequacy Ratio is the ratio of bank's capital to its risk. This ratio is also monitored by RBI for all banks and higher value indicates higher stability for a bank. CRAR of Andhra Bank is 11.76 which is less than group average among PSBs and also less than average of all banks.

NPA Ratio: Non Performing Assets refer to loans that are in jeopardy of default. Once the borrower has failed to make interest or principal payments for 90 days the loan is considered to be a non-performing asset. Thus, NPA Ratio = [Non Perforing Assets/Total Assets]. Higher NPA Ratio indicates riskiness of the bank and losses as it may result in write downs. If you are investing in a bank, be aware to check this ratio carefully. NPA Ratio of Andhra Bank is 2.45 which is high and it is poorer than average NPA of PSBs as well as average NPA of all banks.