IFSC Code of South Indian Bank, Perambra, Calicut, Kerala — SIBL0000987

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of South Indian Bank for its Perambra branch in Kozhikode, Calicut, Kerala, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of South Indian Bank located in Kozhikode or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code SIBL0000987. You should definitely 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, Perambra, Kozhikode

Here are some of the key details that come with the IFSC Code SIBL0000987 of South Indian Bank for its branch located in Kozhikode, within the district of Calicut in the state of Kerala.

These details are essential not only for online banking users but also for businesses and individuals who use South Indian Bank in Kozhikode for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIBL0000987 for the Perambra branch of South Indian Bank plays an important 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, including South Indian Bank located in Perambra, Kozhikode, Kerala, is provided with a unique IFSC like SIBL0000987 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the South Indian Bank branch in Kozhikode.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Kozhikode and Calicut.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Kerala and the rest of India and the IFSC Code ensures that transactions meant for South Indian Bank in Perambra do not get mixed with another location.

Format of the IFSC Code SIBL0000987

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

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For South Indian Bank, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Perambra in Kozhikode.

For example, the IFSC Code SIBL0000987 of South Indian Bank for the Perambra branch includes these elements, identifying the bank and the branch location in Kozhikode and Kerala accurately.

How to Find IFSC Code for South Indian Bank?

If you are looking for the IFSC Code SIBL0000987 of South Indian Bank for its Perambra branch located in Kozhikode, the following methods can help:

Cheque Book

The cheque book that is issued by South Indian Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including South Indian Bank branches in Kozhikode and Calicut, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of South Indian Bank and look for the branch locator section, then search for Perambra or Kozhikode to get the exact IFSC Code SIBL0000987.

Mobile Banking App

If you use South Indian Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for South Indian Bank and Kozhikode, then it will provide you proper information.

How to Use IFSC Code SIBL0000987 for Online Transfers?

Once you have the IFSC Code SIBL0000987 for the Perambra branch of South Indian Bank in Kozhikode, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SIBL0000987. The transfer is completed in batches instead of instantly. It is useful for both 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 SIBL0000987.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the South Indian Bank Perambra in Kozhikode, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of South Indian Bank in Perambra, here are some ways to obtain it:

• Check the bottom of your cheque leaf.
• Refer to the first page of your passbook.
• Visit the official South Indian Bank website.
• Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Kozhikode to handle online money transfers and get their cheques cleared smoothly.