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

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


IFSC Code

SBHY0020941

MICR Code

636004001

Branch

SALEM

Contact

2452542

Address

H.NO. 272 CHERRY ROAD SALEM 636 001

City

SALEM

District

SALEM

State

TAMIL NADU





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

SBHY0020941

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.