The IFSC code of State Bank Of Hyderabad, Hutti Gold Mines branch, Hutti Gold Mines is SBHY0020599 and the address is Hutti Gold Mines,Teh.Lingsugur,584115. The bank code of State Bank Of Hyderabad is SBHY. The branch code of Hutti Gold Mines is 020599. The IFSC code SBHY0020599 can be uesd for NEFT transfer, RTGS transfer and IMPS transfer. More details are given below.

Bank State Bank Of Hyderabad
Ifsc Code SBHY0020599
Micr Code 584004132
Branch Name Hutti Gold Mines
Branch Address Hutti Gold Mines,Teh.Lingsugur,584115
Contact VISWANATH LAKSHE
City Hutti Gold Mines
District Raichur
State Karnataka

Address and Location of Branch

What is IFSC code of a bank?

Full form of IFSC code is Indian Financial System Code.
When you want to make a payment to an account you would need to mention an IFSC code along with the account number. IFSC code is used to identify a branch of a bank. An account number along with an IFSC code is used uniquely identify an account. This combination can be then used to make online fund transfer through NEFT or RTGS.
On the other hand, NEFT transactions generally take upto 2 hours to settle.

What is the use of MICR code?

MICR stands for Magnetic Ink Character Recognition. It appears on your cheque just after your cheque number. It is used to identify a particular branch of a bank in a city. It is a nine digit number of which first 3 digits stand for city, next 3 for bank and last 3 for branch.
The MICR code is used for clearing the cheques. A machine can read MICR code and quickly identify the exact branch where the account of the cheque issuers is held.

What is the time of Neft?

National Electronic Funds Transfer is used for transferring the funds online. The system is available from 8 in the morning till 7 in the evening and 1 in the afternoon. Any NEFT requests not cleared on a day are rolled over to the next day and cleared on next working day. If you want to transfer funds instantly use RTGS or IMPS instead. You can also use online wallets.