IFSC Code, MICR Codes for SOUTH INDIAN BANK in TAMIL NADU - ERODE - GOBICHETTIPALAYAM - P.METTUPALAYAM

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


IFSC Code

SIBL0000285

MICR Code

NA

Branch

P.METTUPALAYAM

Contact

240434

Address

82/1MAIN ROADP.METTUPALAYAMAERODE-638 315 TAMILNADU

City

GOBICHETTIPALAYAM

District

ERODE

State

TAMIL NADU





What is IFSC Code of SOUTH INDIAN BANK situated at P.METTUPALAYAM- RTGS-HO?
IFSC Code of SOUTH INDIAN BANK situated at P.METTUPALAYAM - RTGS-HO is

SIBL0000285

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.