IFSC Code, MICR Codes for SOUTH INDIAN BANK in TAMIL NADU - COIMBOTORE - KOVILPALAYAM - KOVILPALAYAM

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


IFSC Code

SIBL0000122

MICR Code

NA

Branch

KOVILPALAYAM

Contact

259242

Address

KOVILPALAYAM BRANCH THEVAR BUILDINGCOIMBATORE - POLLACHI MAIN ROAD KOVILPALAYAM COIMBATORE TAMIL NADU PIN-642110

City

KOVILPALAYAM

District

COIMBOTORE

State

TAMIL NADU





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

SIBL0000122

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.