IFSC Code, MICR Codes for SOUTH INDIAN BANK in TAMIL NADU - SALEM - OMALUR - OMALUR

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


IFSC Code

SIBL0000601

MICR Code

636059502

Branch

OMALUR

Contact

220378

Address

SY. NO 239/11. OPP TO SALEM DISTRICT CENTRAL COOPERATIVE BANK DHARMAPURI ROAD OMALLUR SALEM DIST. TAMILNADU 636012

City

OMALUR

District

SALEM

State

TAMIL NADU





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

SIBL0000601

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.