IFSC Code, MICR Codes for SOUTH INDIAN BANK in KARNATAKA - MADIKERI - MADIKERI - MERCARA

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


IFSC Code

SIBL0000124

MICR Code

571059099

Branch

MERCARA

Contact

229601

Address

P B NO:261ST FLOOR SREE KRISHNA PLAZA COLLEGE ROAD MERCARA KODAGU KARNATAKA PIN-571201

City

MADIKERI

District

MADIKERI

State

KARNATAKA





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

SIBL0000124

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.