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

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


IFSC Code

SIBL0000258

MICR Code

570059002

Branch

MYSORE

Contact

2424979

Address

MYSORE BRANCH50 & 51 1ST FLOOR DEVRAJ URS ROAD MYSORE KARNATAKA PIN-570001

City

MYSORE

District

MYSORE

State

KARNATAKA





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

SIBL0000258

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.