IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in ANDHRA PRADESH - HYDERABAD URBAN - HYDERABAD URBAN - ASSET RECOVERY BRANCH

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


IFSC Code

SBHY0020945

MICR Code

500004945

Branch

ASSET RECOVERY BRANCH

Contact

23461622

Address

PRECIOUS PLAZA HANUMAN TEKDI RAMKOTE HYDERABAD-500001

City

HYDERABAD URBAN

District

HYDERABAD URBAN

State

ANDHRA PRADESH





What is IFSC Code of STATE BANK OF HYDERABAD situated at ASSET RECOVERY BRANCH- RTGS-HO?
IFSC Code of STATE BANK OF HYDERABAD situated at ASSET RECOVERY BRANCH - RTGS-HO is

SBHY0020945

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.