Below are the complete branch details for HDFC Bank, MEMKO branch, located in AHMADABAD, GUJARAT. The IFSC assigned by the Reserve Bank of India to this branch is HDFC0005987. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case HDFC0005987 for HDFC Bank – MEMKO — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.
For HDFC Bank's MEMKO branch, the IFSC HDFC0005987 breaks down as follows: HDFC identifies the bank, 0 is the reserved character, and 005987 identifies this particular branch.
Branch details at a glance
| Bank Name | HDFC Bank |
|---|---|
| Branch | Memko |
| IFSC Code | HDFC0005987 |
| MICR Code | Refer to cheque leaf |
| Branch Address | GROUND FLOOR SHOP NO 1 2 AND 7 8 PLATINUM GOLD NARODA MEMKO ROAD AHMADABAD GUJARAT 382345 |
| City | Ahmadabad |
| District | Ahmadabad |
| State | Gujarat |
| STD Code | 79 |
| Phone | 61606161 |
Bank profile
HDFC Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Memko branch — IFSC HDFC0005987 — extends the bank's services to customers in and around Ahmadabad, Gujarat.
Memko branch overview
Located at GROUND FLOOR SHOP NO 1 2 AND 7 8 PLATINUM GOLD NARODA MEMKO ROAD AHMADABAD GUJARAT 382345, the Memko branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC HDFC0005987 is required for all interbank electronic transfers routed through this branch.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how HDFC Bank's MEMKO branch came to be assigned the code HDFC0005987.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC HDFC0005987, money simply cannot be routed to the MEMKO branch electronically.
How to transfer money using IFSC HDFC0005987
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC HDFC0005987 across all three.
NEFT to HDFC Bank, MEMKO using IFSC HDFC0005987
National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.
To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC HDFC0005987, and confirm that the system picks up HDFC Bank – MEMKO. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.
Real-Time Gross Settlement to MEMKO
If you need to transfer ₹2 lakh or more in one go to an account at HDFC Bank's MEMKO branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC HDFC0005987 while initiating the transfer and the credit will appear within minutes.
IMPS to HDFC Bank MEMKO (IFSC HDFC0005987)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC HDFC0005987 in your mobile or internet banking app, and the money is credited to the MEMKO branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Memko
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC HDFC0005987:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at MEMKO is still linked to IFSC HDFC0005987.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at HDFC Bank's MEMKO branch, the IFSC HDFC0005987 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Account types you can open at the Memko branch
Once you have an account at HDFC Bank – MEMKO, the IFSC HDFC0005987 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Banking services available
The Memko branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 79-61606161.
- Savings, current and salary accounts
- Fixed deposits and recurring deposits
- Personal, vehicle and home loans
- Demat and investment products (where supported)
- Internet banking and mobile banking enrolment
- Debit and credit card issuance
- Locker facilities (subject to availability)
- Foreign exchange services (at authorised branches)
- Bill payments, demand drafts and pay orders
- NEFT / RTGS / IMPS / UPI fund transfers using IFSC HDFC0005987
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by HDFC Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC HDFC0005987 and the account number together uniquely identify the Memko branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Digital banking channels
Most day-to-day work that customers used to do at the Memko branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC HDFC0005987 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.
Common mistakes to avoid when using IFSC HDFC0005987
An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to HDFC Bank – MEMKO, double-check for these issues:
- Confusing 0 with O. The fifth character of every IFSC is the digit
0, not the letter O. Read carefully. - Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters:
HDFC0005987. - Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
- Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
- Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.
How to reach the Memko branch
The branch is located at GROUND FLOOR SHOP NO 1 2 AND 7 8 PLATINUM GOLD NARODA MEMKO ROAD AHMADABAD GUJARAT 382345, which puts it inside Ahmadabad, the broader Ahmadabad district, and the state of Gujarat. To plan your visit:
- Open Google Maps on your phone and search for “HDFC Bank Memko branch” — the verified location pin for IFSC HDFC0005987 should appear at the top of the results.
- Confirm the branch is open by calling 79-61606161 before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC HDFC0005987 and your account number.
Verifying IFSC HDFC0005987 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm HDFC0005987 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 79-61606161.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Memko branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC HDFC0005987, however, work 24x7.
Branch address & contact
HDFC BankMemko Branch
GROUND FLOOR SHOP NO 1 2 AND 7 8 PLATINUM GOLD NARODA MEMKO ROAD AHMADABAD GUJARAT 382345
Ahmadabad, Gujarat
Phone: 79-61606161
IFSC: HDFC0005987
Frequently asked questions
Does HDFC Bank Memko branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 79-61606161 to confirm.
How quickly will an NEFT transfer using HDFC0005987 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to HDFC Bank – Memko reflect within 30 minutes.
Is IFSC HDFC0005987 valid for NEFT and RTGS?
Yes. IFSC HDFC0005987 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Memko branch but serve different purposes.
What is the phone number of HDFC Bank Memko branch?
You can reach the branch at 79-61606161 during regular banking hours.
How do I add HDFC Bank Memko as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC HDFC0005987, and complete OTP verification. Once activated, you can transfer funds at any time.
Where is HDFC Bank Memko branch located?
HDFC Bank's Memko branch is located at GROUND FLOOR SHOP NO 1 2 AND 7 8 PLATINUM GOLD NARODA MEMKO ROAD AHMADABAD GUJARAT 382345, Ahmadabad, Gujarat.
Is IFSC HDFC0005987 the same for all accounts at Memko branch?
Yes. The IFSC HDFC0005987 is shared by every account held at HDFC Bank's Memko branch. Only the account number changes from customer to customer.
Summary
The IFSC code HDFC0005987 belongs to HDFC Bank's MEMKO branch, located at GROUND FLOOR SHOP NO 1 2 AND 7 8 PLATINUM GOLD NARODA MEMKO ROAD AHMADABAD… in AHMADABAD, GUJARAT. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
