IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in ANDHRA PRADESH - ADILABAD - ADILABAD - BASAR

STATE BANK OF HYDERABAD RTGS HO Branch in ADILABAD - Address, IFSC, MICR Code


IFSC Code

SBHY0020358

MICR Code

504004533

Branch

BASAR

Contact

243508

Address

BASAR 504101 MUDHOL TEHSIL

City

ADILABAD

District

ADILABAD

State

ANDHRA PRADESH





What is IFSC Code of STATE BANK OF HYDERABAD situated at BASAR- RTGS-HO?
IFSC Code of STATE BANK OF HYDERABAD situated at BASAR - RTGS-HO is

SBHY0020358

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.