IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in GUJARAT - VADODARA - VADODARA - BARODA

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


IFSC Code

SBHY0020431

MICR Code

390004002

Branch

BARODA

Contact

2312768

Address

ASHOK APARTMENTSAKOTA RDBARODA

City

VADODARA

District

VADODARA

State

GUJARAT





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

SBHY0020431

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.