IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in ANDHRA PRADESH - NALGONDA - NALGONDA - SURYAPET ADB

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


IFSC Code

SBHY0020248

MICR Code

508004213

Branch

SURYAPET ADB

Contact

220171

Address

2 5 88 BY F KRISHNA TALKIES ROAD AG DEV BR SURYAPET

City

NALGONDA

District

NALGONDA

State

ANDHRA PRADESH





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

SBHY0020248

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.