IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in ANDHRA PRADESH - NIZAMABAD - NIZAMABAD - PRAGATIBHAVAN

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


IFSC Code

SBHY0020961

MICR Code

503004005

Branch

PRAGATIBHAVAN

Contact

656794

Address

PRAGATI BHAVAN NTR X ROADS NIZAMABAD 503102

City

NIZAMABAD

District

NIZAMABAD

State

ANDHRA PRADESH





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

SBHY0020961

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.