South Indian Bank IFSC Code SIBL0000694

IFSC Code: SIBL0000694

MICR Code: 500059023

SWIFT Code:

Branch: PALMAKUL

Bank: South Indian Bank

Address: H.NO.7-73/A, SURVEY NO.106 (NEW),PALMAKUL VILLAGE,SHAMSHABAD MANDAL,HYDERABAD-509325 R.R.DIST., ANDHRA PRADESH

District: MEDAK

State: ANDHRA PRADESH

Contact: +918412257333

Indian Financial System Code (IFSC): SIBL0000694

The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).

• The first four characters represent the bank name.
• The fifth character is always ‘0’ and is reserved for future use.
• Branch Code 000694. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 500059023

The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.