IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in MAHARASHTRA - NANDED - NANDED - I E NANDED

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


IFSC Code

SBHY0020049

MICR Code

431004602

Branch

I E NANDED

Contact

255607

Address

CO OP INDUSTRIAL ESTATESHIVAJINGRNANDED MAHARASTRA

City

NANDED

District

NANDED

State

MAHARASHTRA





What is IFSC Code of STATE BANK OF HYDERABAD situated at I E NANDED- RTGS-HO?
IFSC Code of STATE BANK OF HYDERABAD situated at I E NANDED - RTGS-HO is

SBHY0020049

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.