IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in ANDHRA PRADESH - HYDERABAD URBAN - HYDERABAD URBAN - NMDC BR

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


IFSC Code

SBHY0020728

MICR Code

500004073

Branch

NMDC BR

Contact

23593270

Address

MEHIDIPATNAM HYDERABAD

City

HYDERABAD URBAN

District

HYDERABAD URBAN

State

ANDHRA PRADESH





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

SBHY0020728

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.