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SBIN0021217 (previously State Bank of Hyderabad (SBH) with SBHY0021217) IFSC Code for State Bank of India (SBI) New Collectorate Complex-Sangareddy branch located at Telangana state, Medak district, Sangareddy, and branch Address is Mig-58, Aphb Phase-Ii, Main Roadpathireddypalli,3, Sangareddy Medak Dist, ap502295, Branch Contact numbers 08819-234889 Branch code is 021217 last six characters of the IFSC Code.
Bank Information

State Bank of India (SBI)
Phone: 1800 425 3800 / 1800 112211 / 080-26599990
email: [email protected]
Web: www.sbi.co.in

» View All Banks List in Sangareddy
Branch Information Last updated Oct 15, 2017
IFSC: SBIN0021217 (old IFSC SBHY0021217)
MICR: 502004998
Branch Code: 021217
District: MEDAK
State: TELANGANA
Address: MIG-58, APHB PHASE-II, MAIN ROADPATHIREDDYPALLI,3, SANGAREDDY MEDAK DIST, AP502295
Contact: 08819-234889
Map Location of Sangareddy, Medak, Telangana
New Collectorate Complex-Sangareddy
New Collectorate Complex-Sangareddy
New Collectorate Complex-Sangareddy
What is IFSC Code SBIN0021217?
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 : (SBIN0021217) 11 alpha numeric characters code assigned by Reserve Bank of India to State Bank of India (SBI) New Collectorate Complex-Sangareddy Branch
  • First 4 characters represent the entity (SBIN0021217)
  • Fifth position has been defaulted with a '0' (Zero) for future use (ICIC0021217)
  • Last 6 character denotes the branch identity (ICIC0021217)

What is MICR Code 502004998?
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 502004998 is 9 digits code printed on cheques to facilitate and expedite clearance of cheques in banking system.

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