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 Piravanthur branch in Kollam, Piravanthur, Kerala, 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 Kollam or anywhere in Kerala can easily transfer funds instantly by using the correct IFSC Code SIBL0000173. 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, Piravanthur, Kollam

The table below shows the main details of the IFSC Code SIBL0000173 for the South Indian Bank branch in Kollam, which falls under the Piravanthur district in Kerala.

Particulars Details
Bank South Indian Bank
IFSC Code SIBL0000173
Branch Piravanthur
City Kollam
District Piravanthur
State Kerala
Address Piravanthur Branch, 7/438,Alimukku,Vettithitta Po, Kollam , Kerala, Pin-689696

These details are important not only for users using online banking but also for businesses and individuals who use South Indian Bank in Kollam for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SIBL0000173 for the Piravanthur branch of South Indian Bank is vital.

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 Piravanthur, Kollam, Kerala, are given a unique IFSC like SIBL0000173 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Kollam.
  • 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 Kollam and Piravanthur.
  • 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 Piravanthur goes to the correct branch. This is important because South Indian Bank has thousands of branches in Kerala and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SIBL0000173

This is the format of the IFSC Code for banks, including South Indian Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For South Indian Bank, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Piravanthur in Kollam.

For example, the IFSC Code SIBL0000173 of South Indian Bank for the Piravanthur branch includes these elements, identifying the bank and the branch location in Kollam and Kerala accurately.

How to Find IFSC Code for South Indian Bank?

If you are trying to find the IFSC Code SIBL0000173 of South Indian Bank for its Piravanthur branch located in Kollam, the following methods can help:

Cheque Book

The cheque book issued by South Indian Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including South Indian Bank branches in Kollam and Piravanthur, print them on the first page of your passbook.

Bank Website

Visit the official website of South Indian Bank and navigate to the branch locator section. Search for Piravanthur or Kollam to get the exact IFSC Code SIBL0000173.

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 keeps an updated list of all IFSC codes. If you search for South Indian Bank and Kollam, you'll get the correct details.

How to Use IFSC Code SIBL0000173 for Online Transfers?

Once you have the IFSC Code SIBL0000173 for the Piravanthur branch of South Indian Bank in Kollam, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SIBL0000173. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and South Indian Bank IFSC Code SIBL0000173.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for South Indian Bank Piravanthur in Kollam, it can 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 Piravanthur, 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 Kollam manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of South Indian Bank in Piravanthur, Kollam?

The IFSC Code is SIBL0000173.

Is the IFSC Code SIBL0000173 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of South Indian Bank Piravanthur?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Piravanthur branch?

The address of the branch is Piravanthur Branch, 7/438,Alimukku,Vettithitta Po, Kollam , Kerala, Pin-689696 located in Kollam, Piravanthur, Kerala.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.