Below are the complete branch details for PhonePe Private Limited, RTGS-HO branch, located in BANGALORE, KARNATAKA. The IFSC assigned by the Reserve Bank of India to this branch is PHNP0000001. 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 PHNP0000001 for PhonePe Private Limited – RTGS-HO — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for PhonePe Private Limited – RTGS-HO is PHNP0000001. The first four letters PHNP are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 000001 map to this branch in BANGALORE, KARNATAKA.
About the bank
PhonePe Private Limited serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its RTGS-HO branch in Bangalore, Karnataka is part of this network and uses the IFSC code PHNP0000001 for all electronic settlement.
Branch details at a glance
| Bank Name | PhonePe Private Limited |
|---|---|
| Branch | RTGS-HO |
| IFSC Code | PHNP0000001 |
| MICR Code | Refer to cheque leaf |
| Branch Address | 5TH FLOOR,81/1,SALARPURIA SOFTZONE,BELLANDUR,BANGALORE,KARNATAKA |
| City | Bangalore |
| District | Bangalore |
| State | Karnataka |
| STD Code | 0 |
| Phone | 0 |
About the RTGS-HO branch
The RTGS-HO branch of PhonePe Private Limited is situated at 5TH FLOOR,81/1,SALARPURIA SOFTZONE,BELLANDUR,BANGALORE,KARNATAKA. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code PHNP0000001 is used.
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 PhonePe Private Limited's RTGS-HO branch came to be assigned the code PHNP0000001.
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 PHNP0000001, money simply cannot be routed to the RTGS-HO branch electronically.
Products and account variants supported
Every account opened at the RTGS-HO branch is mapped to IFSC PHNP0000001 on the RBI payments network. The branch generally supports the full retail product catalogue of PhonePe Private Limited, including:
- Resident savings accounts and salary accounts
- Current accounts for businesses and professionals
- Fixed deposits, recurring deposits and tax-saver deposits
- Demand drafts, banker's cheques and pay orders
- Retail loans — personal, vehicle, education, gold and home
- Credit cards and overdraft facilities (subject to eligibility)
- Third-party investment products such as mutual funds and insurance (through tie-ups)
Whichever product you choose, the IFSC for incoming credits remains PHNP0000001.
Products and services
Customers walking into the RTGS-HO branch can access most of PhonePe Private Limited's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC PHNP0000001
How to transfer money using IFSC PHNP0000001
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 PHNP0000001 across all three.
How to use IFSC PHNP0000001 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to PhonePe Private Limited's RTGS-HO branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC PHNP0000001.
- Confirm the bank name auto-populates as PhonePe Private Limited and the branch as RTGS-HO.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to RTGS-HO
If you need to transfer ₹2 lakh or more in one go to an account at PhonePe Private Limited's RTGS-HO branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PHNP0000001 while initiating the transfer and the credit will appear within minutes.
IMPS to PhonePe Private Limited RTGS-HO (IFSC PHNP0000001)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PHNP0000001 in your mobile or internet banking app, and the money is credited to the RTGS-HO branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC PHNP0000001 for PhonePe Private Limited – RTGS-HO, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – PHNP0000001 | Yes – PHNP0000001 | Yes – PHNP0000001 |
For most retail customers crediting the RTGS-HO branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
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 PhonePe Private Limited's RTGS-HO branch, the IFSC PHNP0000001 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.
Digital banking channels
Most day-to-day work that customers used to do at the RTGS-HO 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 PHNP0000001 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.
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by PhonePe Private Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC PHNP0000001 and the account number together uniquely identify the RTGS-HO branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to PhonePe Private Limited – RTGS-HO:
- The IFSC is exactly PHNP0000001 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills PhonePe Private Limited as the bank name and RTGS-HO as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
Reaching the branch
The RTGS-HO branch sits at 5TH FLOOR,81/1,SALARPURIA SOFTZONE,BELLANDUR,BANGALORE,KARNATAKA. If you are travelling from outside Bangalore, search for the branch on a maps application using the bank name and locality, or call 0 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC PHNP0000001 and your account number.
Verifying IFSC PHNP0000001 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 PHNP0000001 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on 0.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at RTGS-HO are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to PHNP0000001 continue to work without interruption.
Branch address & contact
PhonePe Private LimitedRTGS-HO Branch
5TH FLOOR,81/1,SALARPURIA SOFTZONE,BELLANDUR,BANGALORE,KARNATAKA
Bangalore, Karnataka
Phone: 0
IFSC: PHNP0000001
Frequently asked questions
Does PhonePe Private Limited RTGS-HO branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 0 to confirm.
Is IFSC PHNP0000001 valid for NEFT and RTGS?
Yes. IFSC PHNP0000001 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Where is PhonePe Private Limited RTGS-HO branch located?
PhonePe Private Limited's RTGS-HO branch is located at 5TH FLOOR,81/1,SALARPURIA SOFTZONE,BELLANDUR,BANGALORE,KARNATAKA, Bangalore, Karnataka.
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 RTGS-HO branch but serve different purposes.
What is the phone number of PhonePe Private Limited RTGS-HO branch?
You can reach the branch at 0 during regular banking hours.
How quickly will an NEFT transfer using PHNP0000001 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to PhonePe Private Limited – RTGS-HO reflect within 30 minutes.
What is the IFSC code of PhonePe Private Limited RTGS-HO branch?
The IFSC code of PhonePe Private Limited, RTGS-HO branch is PHNP0000001. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Can I use IFSC PHNP0000001 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC PHNP0000001 to send funds instantly.
Final notes
To recap: PHNP0000001 is the IFSC code of PhonePe Private Limited, RTGS-HO branch, in BANGALORE, KARNATAKA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.
