IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in ANDHRA PRADESH - KARIM NAGAR - KARIM NAGAR - KORATLA

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


IFSC Code

SBHY0020137

MICR Code

505004326

Branch

KORATLA

Contact

252035

Address

KORATLA

City

KARIM NAGAR

District

KARIM NAGAR

State

ANDHRA PRADESH





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

SBHY0020137

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.