If you are searching for the IFSC code of Shinhan Bank, RTGS-HO branch in MUMBAI, MAHARASHTRA, this page has every detail you need. The verified IFSC code for this branch is SHBK0000001. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the RTGS-HO branch, and detailed step-by-step guides for using the IFSC SHBK0000001 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, SHBK0000001 is the IFSC of Shinhan Bank's RTGS-HO branch. The format is fixed: SHBK = bank code, 0 = reserved, 000001 = branch identifier.
About Shinhan Bank
Shinhan Bank operates a wide network of branches across India, including the RTGS-HO branch in Mumbai. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, SHBK0000001.
About the RTGS-HO branch
The RTGS-HO branch of Shinhan Bank is situated at Peninsula Corporate Park, 701,702, Tower 1, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013. 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 SHBK0000001 is used.
Branch details at a glance
| Bank Name | Shinhan Bank |
|---|---|
| Branch | RTGS-HO |
| IFSC Code | SHBK0000001 |
| MICR Code | Refer to cheque leaf |
| Branch Address | Peninsula Corporate Park, 701,702, Tower 1, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013 |
| City | Mumbai |
| District | Mumbai |
| State | Maharashtra |
| STD Code | 22 |
| Phone | 61992000 |
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 Shinhan Bank's RTGS-HO branch came to be assigned the code SHBK0000001.
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 SHBK0000001, money simply cannot be routed to the RTGS-HO branch electronically.
MICR & cheque-truncation details
Cheques drawn on the RTGS-HO branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SHBK0000001 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
How to transfer money using IFSC SHBK0000001
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 SHBK0000001 across all three.
How to use IFSC SHBK0000001 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Shinhan Bank'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 SHBK0000001.
- Confirm the bank name auto-populates as Shinhan Bank 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 Shinhan Bank's RTGS-HO branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SHBK0000001 while initiating the transfer and the credit will appear within minutes.
Send money instantly through IMPS
For a real-time, anytime transfer to Shinhan Bank – RTGS-HO, use IMPS. With IFSC SHBK0000001 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC SHBK0000001 for Shinhan Bank – 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 – SHBK0000001 | Yes – SHBK0000001 | Yes – SHBK0000001 |
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.
UPI payments and IFSC SHBK0000001
UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Shinhan Bank – RTGS-HO is still mapped to IFSC SHBK0000001. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.
If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC SHBK0000001 and the beneficiary's account number to complete the transfer.
Account types you can open at the RTGS-HO branch
Once you have an account at Shinhan Bank – RTGS-HO, the IFSC SHBK0000001 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.
Products and services
Customers walking into the RTGS-HO branch can access most of Shinhan Bank'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 SHBK0000001
Online banking and IFSC SHBK0000001
Shinhan Bank customers can register for net banking and the bank's official mobile app once their account at the RTGS-HO branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC SHBK0000001 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
How to reach the RTGS-HO branch
The branch is located at Peninsula Corporate Park, 701,702, Tower 1, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013, which puts it inside Mumbai, the broader Mumbai district, and the state of Maharashtra. To plan your visit:
- Open Google Maps on your phone and search for “Shinhan Bank RTGS-HO branch” — the verified location pin for IFSC SHBK0000001 should appear at the top of the results.
- Confirm the branch is open by calling 22-61992000 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 SHBK0000001 and your account number.
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 Shinhan Bank – RTGS-HO:
- The IFSC is exactly SHBK0000001 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills Shinhan Bank 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.
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 RTGS-HO branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC SHBK0000001, however, work 24x7.
Other ways to verify the IFSC code
While this page already lists the verified IFSC SHBK0000001 for Shinhan Bank – RTGS-HO, you can cross-check the code from any of these sources before initiating a high-value transfer:
- The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
- The first page of your passbook.
- The bank's official website under the branch locator.
- The Reserve Bank of India's IFSC search portal.
- Net banking dashboards usually display the home-branch IFSC under account details.
Branch address & contact
Shinhan BankRTGS-HO Branch
Peninsula Corporate Park, 701,702, Tower 1, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013
Mumbai, Maharashtra
Phone: 22-61992000
IFSC: SHBK0000001
Frequently asked questions
Where is Shinhan Bank RTGS-HO branch located?
Shinhan Bank's RTGS-HO branch is located at Peninsula Corporate Park, 701,702, Tower 1, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013, Mumbai, Maharashtra.
Can I use IFSC SHBK0000001 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC SHBK0000001 to send funds instantly.
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.
Does Shinhan Bank RTGS-HO branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 22-61992000 to confirm.
Is IFSC SHBK0000001 the same for all accounts at RTGS-HO branch?
Yes. The IFSC SHBK0000001 is shared by every account held at Shinhan Bank's RTGS-HO branch. Only the account number changes from customer to customer.
How do I add Shinhan Bank RTGS-HO as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC SHBK0000001, and complete OTP verification. Once activated, you can transfer funds at any time.
Summary
The IFSC code SHBK0000001 belongs to Shinhan Bank's RTGS-HO branch, located at Peninsula Corporate Park, 701,702, Tower 1, Ganpatrao Kadam Marg, Lower Parel,… in MUMBAI, MAHARASHTRA. 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.
