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

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


IFSC Code

SBHY0020452

MICR Code

431004645

Branch

NANDED SRINAGAR COLONY

Contact

262526

Address

1-6-556 BY 2SRINAGAR COLONYNANDED

City

NANDED

District

NANDED

State

MAHARASHTRA





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

SBHY0020452

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.