Gave wrong IFSC code in NEFT

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Deal Newbie
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Gut I gave wrong IFSC code for NEFT in the bank. The account number was correct but the bank branch was different and of the same bank. Will my money be refunded or it will get credited to the beneficiary.?  so far the sum has not been credited. Please help guys.

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Which bank, i think sbi, hdfc can credit without ifsc

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I think it will refund to original payment.. If account is different then that will add to the beneficiary if that account belongs to that branch

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Nothing would happen.
The transaction won’t be processed and your money won’t be debited i guess.

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If A/C is in ABC bank XYZ branch and IFSC is of ABC bank but WUV branch then no issue transaction will be processed.
But if A/C is in ABC bank and IFSC is of DEF bank then money will get refunded. If not contact your branch, it will be most probably in suspense a/c of branch.

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If it’s a valid IFSC and of same bank (branch doesn’t matter) it will be credited to beneficiary account

If not visit and collect ur form from branch on next working days
Bank will not address if u have written wrong IFSC which doesn’t exist

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Huh? If the account number is right and ifsc is wrong then how come you were able to go on with the neft? Doesn’t ifsc change from branch to branch?

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ithehappy wrote:

Huh? If the account number is right and ifsc is wrong then how come you were able to go on with the neft? Doesn’t ifsc change from branch to branch?

It does but can also work if it’s of another branch

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Don’t worry transaction process ho jaye gi bas time jyada lage ga

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insta wrote:

Which bank, i think sbi, hdfc can credit without ifsc

Beneficiary’s account was in HDFC

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anupam0000 wrote:

Beneficiary’s account was in HDFC

Then no issues, HDFC works only on account number, IFSC is just name sake

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IFSC was used earlier where routing was done using the IFSC to identify the branch code, since Electronic transfers were still in their nascent stages, I don’t think it should matter in newer cases, even if the IFSC is different (But of the same Bank) then it should route through.

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ithehappy wrote:

Huh? If the account number is right and ifsc is wrong then how come you were able to go on with the neft? Doesn’t ifsc change from branch to branch?

If won’t block…Systems doesn’t check these things…Amount will be processed as account numbers are unique always for any particular bank…Just IFSC should be valid & must be of same bank irrespective of branch

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