IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in MAHARASHTRA - GREATER BOMBAY - GREATER BOMBAY - BORIVALI

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


IFSC Code

SBHY0020924

MICR Code

400004023

Branch

BORIVALI

Contact

28332749

Address

SHOP NO 16 19PRANAM CHS LTD CHIKUWADI BORIVALI WMUMBAI 400 092

City

GREATER BOMBAY

District

GREATER BOMBAY

State

MAHARASHTRA





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

SBHY0020924

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.