IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in MAHARASHTRA - OSMANABAD - OSMANABAD - PARANDA

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


IFSC Code

SBHY0020047

MICR Code

413004502

Branch

PARANDA

Contact

232032

Address

PARANDA

City

OSMANABAD

District

OSMANABAD

State

MAHARASHTRA





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

SBHY0020047

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.