IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in KARNATAKA - BANGALORE URBAN - BANGALORE URBAN - BASVANGUDI

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


IFSC Code

SBHY0020851

MICR Code

560004010

Branch

BASVANGUDI

Contact

26675245

Address

NO.18 BY 35SUBBANNA CHETTY ROAD BASAVANGUDIBANGALORE-560004

City

BANGALORE URBAN

District

BANGALORE URBAN

State

KARNATAKA





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

SBHY0020851

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.