IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in DELHI - NEW DELHI - NEW DELHI - K G MARG

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


IFSC Code

SBHY0020278

MICR Code

110004002

Branch

K G MARG

Contact

23722961

Address

106 BY 110SURYA KIRAN BLDG 19K.G.MARG NEW DELHI

City

NEW DELHI

District

NEW DELHI

State

DELHI





What is IFSC Code of STATE BANK OF HYDERABAD situated at K G MARG- RTGS-HO?
IFSC Code of STATE BANK OF HYDERABAD situated at K G MARG - RTGS-HO is

SBHY0020278

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.