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

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


IFSC Code

SBHY0020516

MICR Code

505004581

Branch

PEGADAPALLI

Contact

276221

Address

VIA GILLAPALLI PEGADAPALLI TEH MALLIAL 505532

City

KARIM NAGAR

District

KARIM NAGAR

State

ANDHRA PRADESH





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

SBHY0020516

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.