SIBL0000062 IFSC Code, SOUTH INDIAN BANK, PALAI

IFSC Code of South Indian Bank, Palai, Kerala IFSC CODE & MICR CODE

SOUTH INDIAN BANK, PALAI - SIBL0000062

  • Bank name: SOUTH INDIAN BANK

Bank Address: Vadayattu Buildings, Petta Road ,lalam Junction, Pala,pincode: 686575

  • IFSC Code sibl0000062
  • Bank Code SIBL
  • Bank name SOUTH INDIAN BANK
  • Bank contact number +914822212424
  • Bank branch PALAI
  • Bank ISO3166 Code IN-KL
  • Bank Center KOTTAYAM
  • MICR Code 686059002
  • State name KERALA
  • District name KOTTAYAM
  • City name PALAI
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for SOUTH INDIAN BANK, PALAI branch is SIBL0000062, ensures that your transactions are directed to the correct branch.

How to Use SIBL0000062 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the PALAI branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.