IFSC Code, MICR Codes for SOUTH INDIAN BANK in KERALA - KOTTAYAM - PALAI - PALAI

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


IFSC Code

SIBL0000062

MICR Code

686059002

Branch

PALAI

Contact

212424

Address

VADAYATTU BUILDINGS PETTA ROAD LALAM JUNCTION PALAPINCODE: 686575

City

PALAI

District

KOTTAYAM

State

KERALA





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

SIBL0000062

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.