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South Indian Bank state wise list of all branches, IFSC code, MICR code and Addresses within India
South Indian Bank Limited was founded in 1929. Its headquarters is located at Thrissur City, in the state of Kerala, in South India. The key person associated with this bank is Sri. V.G. Mathew who holds the position of Managing Director and Chief Executive Officer. Its exclusive products are Loans, savings, investment vehicles, insurance and many more.
• In 1946, it is the first among the private sector banks in the state of Kerala to become a scheduled bank.
• In April 1992. It is the first bank in the private sector in India to open a Currency Chest in a successful manner.
• In November 1992, it is the first private sector bank to open a NRI branch.
• In March 1993, it is first bank in the private sector in order to start an Industrial Finance Branch.
• In June 1993, it is the first among the private sector banks in Kerala to open an overseas branch.
• It is the first bank in the state of Kerala to develop an in-house, fully integrated branch automation software.
• It is the first Kerala based bank to implement Core Banking System.
• It is the third largest branch network among private sector banks in India
IFSC stands for Indian Financial System Code. It is basically used for electronic payment such as RTGS (Real Time Gross Settlement), NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment Service) and CFMS (Centralized Funds Management Service) developed by RBI. It is an alphanumeric code that uniquely identifies a Bank Branch that participates in the two main Electronic Funds Settlement Systems in India. SIB IFSC code comprises of 11 characters e.g. – SIBL0000001. The first 4-characters represent the entity. Fifth position has been defaulted with a ‘0’ for future use. The last 6 – characters denotes the branch identity.
• South Indian Bank’s IFSC code is needed for NEFT and RTGS transactions. These codes are provided by RBI (Reserve Bank of India) and also unique for each branch.
• The South Indian Bank’ IFSC code starts with SIBL******* and last five digits varies from branch to branch. The IFSC code for South Indian Bank branches is the last six digits i.e. SIBL0******.
• South Indian Bank’s IFSC code is required to do online fund transfer. A list of SIB (South Indian Bank) IFSC code is provided in order to find out South Indian Bank’s branch. This knowledge may also be used in online banking. With this code we can also do online payments such as Mobile Recharge, Railway Ticket Booking, Online shopping and so forth.
• MICR stands for Magnetic Ink Character Recognition. It contains numeric values and usually printed on cheque leaves. It is mainly used for processing cheques easily.
• South Indian Bank’s Magnetic Ink Character Recognition (MICR) code contains numerical values only; it comes with nine digit code. It is printed usually on cheque leaves. It is largely MICR Code is used for processing cheques easily. South Indian Bank has NEFT supported branches; most of these South Indian Bank (SIB) branches have MICR Code number.
• SIB have MICR code containing numeric values. South Indian Bank have NEFT supported branches and also most of these South Indian Bank’s branches have MICR code number.
• Initially you have to choose the state where your South Indian Bank branch is located.
• Then you have to choose your city where your SIB branch is situated
• Now, select your branch of South Indian Bank to find MICR Code