SBHY0020306 Old IFSC Code - New IFSC Code SBIN0020306

Old State Bank Of Hyderabad IFSC code 'SBHY0020306' for Palam branch has been updated to State Bank Of India IFSC code 'SBIN0020306'. Please confirm with your Bank before initiating a transaction.

Old IFSC Code

Comparison of Old IFSC SBHY0020306 and New IFSC SBIN0020306 Details

The table below compares the details of the old IFSC code SBHY0020306 and the new IFSC code SBIN0020306. Please verify the bank name, branch name, city, state, and other details before making any transactions.

OLD IFSC Code	SBHY0020306 Find its more details like Business Hour, Contact details, Address, Services, etc. Link @
Old Bank Name	State Bank Of Hyderabad
Branch Name	Palam
Address	Palam, gangakhed taluk
District	Parbhani
State	Maharashtra

NEW IFSC Code	SBIN0020306 Find its more details like Business Hour, Contact details, Address, Services, etc. Link @
New Bank Name	State Bank Of India
Branch Name	Palam
Address	Qqrbhidisric
District	Parbhani
State	Maharashtra

*Verified against latest RBI IFSC Code release dated 30-Apr-26. Please visit Updates page for more details. The IFSC Code information presented above is for reference only. Please verify IFSC Code details before initiating any transaction!

Important Dates for SBHY0020306 IFSC Code Change

The table below lists the important dates related to the change of IFSC code from SBHY0020306 to SBIN0020306 because State Bank Of Hyderabad was merged into/ acquired by State Bank Of India.

Declared On	15-Jun-2016
Completed On	31-Mar-2017

IFSC Changed On	21-Aug-2018
Last Verified On	30-Apr-26

Frequently Asked Questions about SBHY0020306 IFSC Code Change

Why was the IFSC code SBHY0020306 changed to SBIN0020306?

The IFSC code SBHY0020306 was changed to SBIN0020306 due to the merger of State Bank Of Hyderabad into State Bank Of India. The change was part of the integration process to unify the banking operations under the acquiring bank, resulting in updated IFSC codes for the merged branches.

How can I verify that SBIN0020306 is the correct replacement for SBHY0020306?

Check the branch name, bank name, city, state, and updated IFSC code shown on this page before making a transfer. For this pair, verify Palam, Parbhani, Maharashtra, and IFSC code SBIN0020306 with your bank before making any transaction.

Is the old IFSC code SBHY0020306 still valid for transactions?

The old IFSC code SBHY0020306 should be treated as a legacy IFSC code for transaction purposes. Use the new IFSC code SBIN0020306 after verifying the branch details shown on this page and confirming with the bank before making a transaction.

What steps should I take after finding the new IFSC code SBIN0020306?

After confirming that SBIN0020306 is the correct replacement for SBHY0020306, update any saved beneficiary or payment records that still use the old IFSC code. This may include banking payees, accounting records, invoices, or cheque-related references. Verify the branch details before making a transaction.

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