South Indian Bank Nigdi (SIB)
Nigdi · Pune, Maharashtra
411059004 is the MICR code for the Nigdi branch of South Indian Bank, located in Pune, Maharashtra. 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 SIBL0000561.
Bank
South Indian Bank
Branch & Address
Nigdi
Riddhe Capital, S-11, Sector No.26, Adc Pcntda, Near Sambahji Chowk, Nigdi Pradhi Karan
Pune, Nigdi, Maharashtra
Contact
+912027641177MICR Code Structure
411
City
059
Bank
004
Branch
City code 411 identifies the RBI clearing centre, bank code 059 identifies South Indian Bank, and branch code 004 identifies this specific branch.
Online Payment Methods Supported
Other South Indian Bank (SIB) branches near Pune
Other banks in Pune, Maharashtra
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 (SIBL0000561) 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 411059004 is in the middle, and your account number is on the right.