South Indian Bank Mangalore-lady Hill (SIB)
Mangalore-lady Hill · Dakshina Kannada, Karnataka
575059003 is the MICR code for the Mangalore-lady Hill branch of South Indian Bank, located in Dakshina Kannada, Karnataka. 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 SIBL0000494.
Bank
South Indian Bank
Branch & Address
Mangalore-lady Hill
1st Floor, Krishna Towers, Kulur Ferry Road, Lady Hill, Chilimbi, Mangalore 575006.
Dakshina Kannada, Dakshin Kannad, Karnataka
Contact
+914692645733MICR Code Structure
575
City
059
Bank
003
Branch
City code 575 identifies the RBI clearing centre, bank code 059 identifies South Indian Bank, and branch code 003 identifies this specific branch.
Online Payment Methods Supported
Other South Indian Bank (SIB) branches near Dakshina Kannada
Other banks in Dakshina Kannada, Karnataka
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 (SIBL0000494) 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 575059003 is in the middle, and your account number is on the right.