There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of South Indian Bank for its Puttur branch in Dakshin Kannad, Puttur, Karnataka, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of South Indian Bank situated in Dakshin Kannad or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code SIBL0000814. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for South Indian Bank, Puttur, Dakshin Kannad
The table below shows the main details of the IFSC Code SIBL0000814 for the South Indian Bank branch in Dakshin Kannad, which falls under the Puttur district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | South Indian Bank |
| IFSC Code | SIBL0000814 |
| Branch | Puttur |
| City | Dakshin Kannad |
| District | Puttur |
| State | Karnataka |
| Address | Prabhu Building, Do.No.Iv-572,Ward No.Iv, Main Road,Puttur, Pincode 574201 |
These details helps users in online banking and for businesses and individuals who use South Indian Bank in Dakshin Kannad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIBL0000814 for the Puttur branch of South Indian Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with South Indian Bank located in Puttur, Dakshin Kannad, Karnataka, are given a unique IFSC like SIBL0000814 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Dakshin Kannad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Dakshin Kannad and Puttur.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to South Indian Bank in Puttur goes to the correct branch. This is important because South Indian Bank has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SIBL0000814
The format of the IFSC Code for banks, including South Indian Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In South Indian Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Puttur in Dakshin Kannad.
For example, the IFSC Code SIBL0000814 of South Indian Bank for the Puttur branch has these elements, identifying the bank and the branch location in Dakshin Kannad and Karnataka correctly.
How to Find IFSC Code for South Indian Bank?
To find the IFSC Code SIBL0000814 of South Indian Bank for its Puttur branch located in Dakshin Kannad, the following methods can help you out:
Cheque Book
The cheque book issued by South Indian Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including South Indian Bank branches in Dakshin Kannad and Puttur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of South Indian Bank and go to the branch locator section. Then search for Puttur or Dakshin Kannad to find the exact IFSC Code SIBL0000814.
Mobile Banking App
If you use South Indian Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for South Indian Bank and Dakshin Kannad will provide accurate information.
How to Use IFSC Code SIBL0000814 for Online Transfers?
Once you have the IFSC Code SIBL0000814 for the Puttur branch of South Indian Bank in Dakshin Kannad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SIBL0000814. Transfers are processed in batches. This is suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and South Indian Bank IFSC Code SIBL0000814.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for South Indian Bank Puttur in Dakshin Kannad may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of South Indian Bank in Puttur, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official South Indian Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Dakshin Kannad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SIBL0000814.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Prabhu Building, Do.No.Iv-572,Ward No.Iv, Main Road,Puttur, Pincode 574201 located in Dakshin Kannad, Puttur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.