IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in ANDHRA PRADESH - RANGA REDDY - RANGA REDDY - VENNECHED

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


IFSC Code

SBHY0020469

MICR Code

509004477

Branch

VENNECHED

Contact

241050

Address

VENNECHED TEH PARGI

City

RANGA REDDY

District

RANGA REDDY

State

ANDHRA PRADESH





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

SBHY0020469

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.