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

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


IFSC Code

SBHY0021207

MICR Code

600004020

Branch

MEDAVAKKAM

Contact

2444223

Address

PLOT NO 2 AND 3 VIMALA NAGAR VELACHERY TAMBARAM MAIN ROAD MEDAVAKKAM CHENNAI 600100

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

SBHY0021207

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.