IFSC Code, MICR Codes for SOUTH INDIAN BANK in KARNATAKA - BANGALORE URBAN - BANGALORE - BANASHANKARI

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


IFSC Code

SIBL0000517

MICR Code

560059018

Branch

BANASHANKARI

Contact

26797634

Address

569 C.R COMPLEX 80 FT.ROAD 30TH MAIN BANASHANKARI BANGALORE METRO 80 FT ROAD BANGALORE

City

BANGALORE

District

BANGALORE URBAN

State

KARNATAKA





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

SIBL0000517

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.