IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in TAMIL NADU - CHENNAI - CHENNAI - MOUNT ROAD

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


IFSC Code

SBHY0020641

MICR Code

600004008

Branch

MOUNT ROAD

Contact

24349029

Address

488-489ANNASALAI RDNANDANAMMADRAS600035

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

SBHY0020641

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.