IFSC Code, MICR Codes for SOUTH INDIAN BANK in PUNJAB - LUDHIANA - LUDHIANA - LUDHIANA

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


IFSC Code

SIBL0000411

MICR Code

141059002

Branch

LUDHIANA

Contact

2406032

Address

LUDHIANA BRANCH 15 MALL ROADGREAT WAY HOUSE LUDHIANA LUDHIANA PUNJAB PIN-141001

City

LUDHIANA

District

LUDHIANA

State

PUNJAB





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

SIBL0000411

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.