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Bank Details for MICR: 577059302

Bank NameSouth Indian Bank
Branch Name Bhadravathy
Branch Code 000154
IFSC Code SIBL0000154
MICR Code 577059302
Bank Address P B No:11,5th Cross Road,bh Road ,bhadravathy , Shimoga, Karnataka , Pin-577301
State Name Karnataka
City / Area Bhadravati
District Name Shimoga
Contact Details266579

MICR code - 577059302 of bank Bhadravathy Shimoga Karnataka India South Indian Bank is use to do any online transaction like NEFT, RTGS, ECS Transactions.

IFSC Code - SIBL0000154 of bank South Indian Bank and MICR code - 577059302 of bank South Indian Bank is use to do any online transaction or transaction related to the Bhadravathy branch of South Indian Bank Shimoga Karnataka. an Invalid use ifsc code or micr code will lead to failur of the transaction.


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MICR Code: Magnetic Ink Character Recognition MICR CODE is printed on cheque book to facilitate the Process of cheques.

National Electronic Funds Transfer (NEFT) is a nation-wide system that facilitates individuals, firms and corporates to electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country. NEFT transfers are also referred as e-cheques as the funds are not transferred in real-time and the funds are settled in batches.

'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). You need the IFSC Code to identify the Branch for which you will want to transfer funds using RTGS. Note all branches don't have IFSC Codes.

'IMPS' is Immediate Payment Service and it is commonly known as Interbank Mobile Payment Service. IMPS uses IFSC codes to offer a number of fund transfer services instantly in a round the clock environment. National Payments Corporation of India (NPCI), which is an organization that regulates the retail payments in India, has provided this facility.