IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in KARNATAKA - GULBERGA - GULBERGA - SAIDAPUR

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


IFSC Code

SBHY0020249

MICR Code

585004249

Branch

SAIDAPUR

Contact

224234

Address

SAIDAPUR YADAGIRI TALUKA

City

GULBERGA

District

GULBERGA

State

KARNATAKA





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

SBHY0020249

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.