IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in KARNATAKA - RAICHUR - RAICHUR - MANVI ADB

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


IFSC Code

SBHY0020300

MICR Code

584004123

Branch

MANVI ADB

Contact

220256

Address

AGRICULTURAL DEV BRANCH MANVI

City

RAICHUR

District

RAICHUR

State

KARNATAKA





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

SBHY0020300

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.