IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - HYDERABAD URBAN - HYDERABAD - MJJ ROAD HYDERABAD

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


IFSC Code

SBIN0005894

MICR Code

500002018

Branch

MJJ ROAD HYDERABAD

Contact

0

Address

LATHA TALKIES COMPLEX NAMPALLYHYDERABAD PIN - 500001

City

HYDERABAD

District

HYDERABAD URBAN

State

ANDHRA PRADESH





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

SBIN0005894

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.