SBIN0020134 (previously State Bank of Hyderabad (SBH) with SBHY0020134) IFSC Code for State Bank of India (SBI) Karimnagar branch located at Telangana state, Karimnagar district, and branch Address is 4-1-500, Behind Head Post Office, Near Tower Circle, Karimnagar 505 001, Branch Contact numbers 0878-2240307 Branch code is 020134 last six characters of the IFSC Code.
Branch Information Last updated Oct 15, 2017
IFSC: SBIN0020134 (old IFSC SBHY0020134)
MICR:
505004002
Branch Code: 020134
Address: 4-1-500, BEHIND HEAD POST OFFICE, NEAR TOWER CIRCLE, KARIMNAGAR 505 001
Contact: 0878-2240307
Map Location of Karimnagar, Telangana
What is IFSC Code SBIN0020134?
IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system.
This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch.
The 5th character is 0 (zero).
IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches.
IFSC is 11 alpha numeric characters code assigned by Reserve Bank of India to bank branches for facilitating online money / fund transfer using NEFT, RTGS or ECS between two bank accounts.
- The code consists of 11 Characters : (SBIN0020134) 11 alpha numeric characters code assigned by Reserve Bank of India to State Bank of India (SBI) Karimnagar Branch
- First 4 characters represent the entity (SBIN0020134)
- Fifth position has been defaulted with a '0' (Zero) for future use (ICIC0020134)
- Last 6 character denotes the branch identity (ICIC0020134)
What is MICR Code 505004002?
Magnetic ink character recognition (MICR) is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques.
MICR characters are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide. A special machine is used to read these characters, which can be easily read by humans too.
The characters are usually printed on the bottom strip of cheque leaf.
This MICR code is used By RBI (Reserve bank Of India) clearing process to identify the branch and bank for clearing processes.
MICR 505004002 is 9 digits code printed on cheques to facilitate and expedite clearance of cheques in banking system.
Disclaimer: All the informations are provided with care. All Bank, Branch and IFSC Code, MICR Code details are collected from RBI(Reserve Bank of India) website. It may contain human errors and/or technical errors. All the users are requested to double check the details obtained from this website before using them. We are not responsible for any lose or problems with / by using / due to/ the information provided on this website ifscfinder.com. Please read our disclaimer before using informations from this website.