IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in ANDHRA PRADESH - CHITTOR - CHITTOR - MADANAPALLE

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


IFSC Code

SBHY0020901

MICR Code

517004101

Branch

MADANAPALLE

Contact

220555

Address

14 BY 2CTM ROADMADANAPALLE517325

City

CHITTOR

District

CHITTOR

State

ANDHRA PRADESH





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

SBHY0020901

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.