IFSC Code, MICR Codes for STATE BANK OF INDIA in KERALA - ERNAKULAM - HYDERABAD - ABID ROAD HYDERABAD

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


IFSC Code

SBIN0008617

MICR Code

500002003

Branch

ABID ROAD HYDERABAD

Contact

0

Address

3RD FLOOR NER SURYALOK D NO 5-9-300 GUNFOUNDRYHYDERABAD PIN - 500001

City

HYDERABAD

District

ERNAKULAM

State

KERALA





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

SBIN0008617

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.