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

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


IFSC Code

SIBL0000255

MICR Code

637059002

Branch

MARAPPARAI

Contact

233262

Address

MARAPPARAI BRANCH 2/28 KVR BUILDINGSMARAPPARAIPO VIAPPAMALAI TAMIL NADU PIN-637410

City

SALEM

District

SALEM

State

TAMIL NADU





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

SIBL0000255

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.