South Indian Bank Faridabad Nit (SIB)
Faridabad Nit · Faridabad, Haryana
121059002 is the MICR code for the Faridabad Nit branch of South Indian Bank, located in Faridabad, Haryana. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code SIBL0001051.
Bank
South Indian Bank
Branch & Address
Faridabad Nit
A-7, Nh-1, Nehru Ground, Faridabad Nit, Faridabad, Haryana 121001.
Faridabad, Faridabad Nit, Haryana
Contact
+914842365657MICR Code Structure
121
City
059
Bank
002
Branch
City code 121 identifies the RBI clearing centre, bank code 059 identifies South Indian Bank, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other South Indian Bank (SIB) branches near Faridabad
Other banks in Faridabad, Haryana
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (SIBL0001051) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 121059002 is in the middle, and your account number is on the right.