What is the IFSC code for MICR 500059034?

The IFSC code for South Indian Bank Hi Tec City branch (MICR: 500059034) is SIBL0000726. Use the IFSC code for NEFT, RTGS, IMPS, and UPI transfers. Use the MICR code for cheque clearance.

What do the digits in a MICR code mean?

A 9-digit MICR code has three parts: the first 3 digits (500) represent the city/clearing centre, the next 3 digits (059) identify the bank, and the last 3 digits (034) identify the specific branch. For 500059034, the city code is 500, bank code is 059, and branch code is 034.

South Indian Bank Hi Tec City (SIB)

Q: Which bank does MICR code 500059034 belong to?

MICR code 500059034 belongs to South Indian Bank, Hi Tec City branch, located at 1st Floor, H no 2-38-a, P no 8, Guttala Begumpet Village, Madhapur Main Rd, Hyderabad, Karimnagar, Andhra Pradesh. The corresponding IFSC code is SIBL0000726.

Hi Tec City · Karimnagar, Andhra Pradesh

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500059034

500059034 is the MICR code for the Hi Tec City branch of South Indian Bank, located in Karimnagar, Andhra Pradesh. 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 SIBL0000726.

Bank

South Indian Bank

Branch & Address

Hi Tec City

1st Floor, H no 2-38-a, P no 8, Guttala Begumpet Village, Madhapur Main Rd, Hyderabad

Karimnagar, Begumpet, Andhra Pradesh

Contact

+914023110726

Codes for this Branch

MICR (cheques)

500059034

IFSC (online transfers)

SIBL0000726

View

MICR Code Structure

500

City

059

Bank

034

Branch

City code 500 identifies the RBI clearing centre, bank code 059 identifies South Indian Bank, and branch code 034 identifies this specific branch.

Online Payment Methods Supported

NEFT

RTGS

IMPS

UPI

Other South Indian Bank (SIB) branches near Karimnagar

Ibrahimpatnam Karimnagar, Andhra Pradesh SIBL0000681 Karimnagar Karimnagar, Andhra Pradesh SIBL0000628 Almasguda Hyderabad, Andhra Pradesh SIBL0000689 Alwal Rangareddy, Andhra Pradesh SIBL0000581 Ameerpet Hyderabad Urban, Andhra Pradesh SIBL0000507 Annojiguda Hyderabad, Andhra Pradesh SIBL0000693

Other banks in Karimnagar, Andhra Pradesh

A.P. Mahesh Co-operative Urban Bank 1 branch AU Small Finance Bank 3 branches Axis Bank 8 branches Bandhan Bank 1 branch Bank of Baroda 8 branches Bank of Maharashtra 1 branch Canara Bank 20 branches Catholic Syrian Bank 1 branch

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 (SIBL0000726) 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 500059034 is in the middle, and your account number is on the right.

View full branch details for IFSC SIBL0000726