South Indian Bank Karunagiri (SIB)
Karunagiri · Khammam, Telangana
507059002 is the MICR code for the Karunagiri branch of South Indian Bank, located in Khammam, Telangana. 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 SIBL0001022.
Bank
South Indian Bank
Branch & Address
Karunagiri
Hno 2-32/4, Karunagiri Shopping Complex, Shop no 10, 11, 12&13, Pedda Thanda Grama Panchayat, Khammam District-507003
Khammam, Karunagiri, Telangana
Contact
+914842365657MICR Code Structure
507
City
059
Bank
002
Branch
City code 507 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 Khammam
Other banks in Khammam, Telangana
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 (SIBL0001022) 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 507059002 is in the middle, and your account number is on the right.