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

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


IFSC Code

SBHY0020370

MICR Code

507004805

Branch

SATTUPALLY ADB

Contact

282018

Address

AGR.DEV BR.MAIN ROADSATHUPALLI-507303

City

KHAMMAM

District

KHAMMAM

State

ANDHRA PRADESH





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

SBHY0020370

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.