IFSC Code, MICR Codes for SOUTH INDIAN BANK in MADHYA PRADESH - INDORE - INDORE - INDORE

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


IFSC Code

SIBL0000442

MICR Code

452059002

Branch

INDORE

Contact

2552724

Address

INDORE BRANCH FF 2728OPP MANGAL MARILAND GARDENS SCHEME NO:54VIJAYANAGAR INDORE MADHYA PRADESH PIN - 143001

City

INDORE

District

INDORE

State

MADHYA PRADESH





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

SIBL0000442

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.