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

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


IFSC Code

SIBL0000201

MICR Code

641059011

Branch

OTHAKALMANDAPAM

Contact

2610664

Address

12/1 POLLACHI MAIN ROAD OTHAKALMANDAPAMKANDHASWAMY GOUNDER DR SIVASWAMY TOWERS COIMBATORE TAMIL NADU PIN-641032

City

OTHAKALMANDAPAM

District

COIMBOTORE

State

TAMIL NADU





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

SIBL0000201

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.