IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in ANDHRA PRADESH - NALGONDA - NALGONDA - SME BRANCH

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


IFSC Code

SBHY0020932

MICR Code

508004703

Branch

SME BRANCH

Contact

251221

Address

SRI VIGNESWARA ESTATES HOUSING BOARD MIRYALAGUDA 508 207

City

NALGONDA

District

NALGONDA

State

ANDHRA PRADESH





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

SBHY0020932

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.