IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in ANDHRA PRADESH - KHAMMAM - KHAMMAM - NELAKONDAPALLE

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


IFSC Code

SBHY0020247

MICR Code

507004160

Branch

NELAKONDAPALLE

Contact

287238

Address

H NO 1 132 NELAKONDAPALLE

City

KHAMMAM

District

KHAMMAM

State

ANDHRA PRADESH





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

SBHY0020247

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.