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

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


IFSC Code

SBHY0020050

MICR Code

431004095

Branch

NANDED VAZIRABAD

Contact

232082

Address

2-9-399 VAZIRABAD NANDED

City

NANDED

District

NANDED

State

MAHARASHTRA





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

SBHY0020050

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.