IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in MAHARASHTRA - AURANGABAD - AURANGABAD - NAGAD

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


IFSC Code

SBHY0020429

MICR Code

431004146

Branch

NAGAD

Contact

232234

Address

BRANCH NAGADTALUK-KANNAD431146

City

AURANGABAD

District

AURANGABAD

State

MAHARASHTRA





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

SBHY0020429

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.