IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in KARNATAKA - BIDAR - BIDAR - TORNA

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


IFSC Code

SBHY0020649

MICR Code

585004499

Branch

TORNA

Contact

236027

Address

MAIN ROADTORNATEH.AURAD585440

City

BIDAR

District

BIDAR

State

KARNATAKA





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

SBHY0020649

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.