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Gave wrong IFSC code in NEFT

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anupam0000
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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Generous Generous
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Which bank, i think sbi, hdfc can credit without ifsc

Deal Subedar Deal Subedar
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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

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

Deal Subedar Deal Subedar
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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.

Deal Cadet Deal Cadet
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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

Critic Critic
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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?

Deal Cadet Deal Cadet
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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

Deal Cadet Deal Cadet
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abi b bank jaa kr neft krvate ho… flushed

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

Cool Cool
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any update

Deal Newbie Deal Newbie
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insta wrote:

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

Beneficiary’s account was in HDFC

Benevolent Benevolent
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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

Deal Cadet Deal Cadet
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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.
Deal Subedar Deal Subedar
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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
Deal Newbie Deal Newbie
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The transaction would be successful if IFSC code given by you is correct for any branch of that Bank. Last five digits of IFSC code represent branch code. Thease five digits should be code number of any branch of that Bank. While transferring fund from one Bank to another Bank,  system of NPCI just recognise Bank code based on first six digits and thereafter the amount will be credited in given account number of the customer. 

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