IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in RAJASTHAN - KOTA - KOTA - KOTA

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


IFSC Code

SBHY0020860

MICR Code

324004051

Branch

KOTA

Contact

2391527

Address

10 A JHALWAR ROAD KOTA RAJASTHAN

City

KOTA

District

KOTA

State

RAJASTHAN





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

SBHY0020860

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.