IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in KARNATAKA - BAGALKOT - BAGALKOT - NANDAWADGI

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


IFSC Code

SBHY0020470

MICR Code

587004521

Branch

NANDAWADGI

Contact

266007

Address

NANDAVADGITEH.HUNGUND

City

BAGALKOT

District

BAGALKOT

State

KARNATAKA





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

SBHY0020470

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.