IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in MAHARASHTRA - BEED - BEED - BEED MAIN

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


IFSC Code

SBHY0020028

MICR Code

431004302

Branch

BEED MAIN

Contact

222317

Address

BEED MAHARASTRA

City

BEED

District

BEED

State

MAHARASHTRA





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

SBHY0020028

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.