IFSC Code, MICR Codes for SOUTH INDIAN BANK in KARNATAKA - BANGALORE RURAL - BIDADI - BIDADI

SOUTH INDIAN BANK RTGS HO Branch in BIDADI - Address, IFSC, MICR Code


IFSC Code

SIBL0000487

MICR Code

560059003

Branch

BIDADI

Contact

27204296

Address

IKON COLLEGE PREMISES B M ROADBIDADI BANGALORE KARNATAKA

City

BIDADI

District

BANGALORE RURAL

State

KARNATAKA





What is IFSC Code of SOUTH INDIAN BANK situated at BIDADI- RTGS-HO?
IFSC Code of SOUTH INDIAN BANK situated at BIDADI - RTGS-HO is

SIBL0000487

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.