IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in TAMIL NADU - CHENNAI - CHENNAI - SERVICE BRANCH CHENNAI

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


IFSC Code

SBHY0020707

MICR Code

600004001

Branch

SERVICE BRANCH CHENNAI

Contact

28592683

Address

37-B 1ST FLR. WHITES RD. THOUSAND LIGHTS CHENNAI 600001

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





What is IFSC Code of STATE BANK OF HYDERABAD situated at SERVICE BRANCH CHENNAI- RTGS-HO?
IFSC Code of STATE BANK OF HYDERABAD situated at SERVICE BRANCH CHENNAI - RTGS-HO is

SBHY0020707

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.