Latest details of Ifsc: Sibl0000124
SOUTH INDIAN BANK
Branch name : MERCARA
Contact Information
Address: POST BOX NO 36,SRI LAKSHMI COMPLEX,COLLEGE ROAD,MADIKERI,KODAGU,KARNATAKA 571201
Contact number: 229601
IFSC code can be used for RTGS, IMPS and NEFT transactions
Last six characters of IFSC Code make a Branch code.
IFSC Code
Indian Financial System Code (IFSC) is an 11-character code used for electronic payments through RTGS, NEFT, and IMPS. The code structure:
- • First 4 characters: Bank identifier
- • 5th character: Reserved (0)
- • Last 6 characters: Branch code
MICR Code
MICR (Magnetic Ink Character Recognition) code is printed on cheques to facilitate automated processing. This code helps identify the bank and branch during cheque clearing processes.
These codes are essential for secure and accurate electronic fund transfers within the Indian banking system.
