IFSC Code, MICR Codes for SOUTH INDIAN BANK in KERALA - KOZHIKODE - VADAKARA - VATAKARA

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


IFSC Code

SIBL0000106

MICR Code

NA

Branch

VATAKARA

Contact

2524760

Address

VATAKARA BRANCH ARKAY BUILDING NEAR HPO EDODI VATAKARA KOZHIKODE KERALA PIN-673101

City

VADAKARA

District

KOZHIKODE

State

KERALA





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

SIBL0000106

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.