South Indian Bank Koduvai (SIB)
Koduvai · Coimbotore, Tamil Nadu
641059104 is the MICR code for the Koduvai branch of South Indian Bank, located in Coimbotore, Tamil Nadu. 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 SIBL0000099.
Bank
South Indian Bank
Branch & Address
Koduvai
Koduvai Branch, Rajalakshmi Complex 1st Floor, 7-131, Main Road , Coimbatore , Tamil Nadu, Pin-638660
Coimbotore, Coimbatore, Tamil Nadu
Contact
+914212312240MICR Code Structure
641
City
059
Bank
104
Branch
City code 641 identifies the RBI clearing centre, bank code 059 identifies South Indian Bank, and branch code 104 identifies this specific branch.
Online Payment Methods Supported
Other South Indian Bank (SIB) branches near Coimbotore
Other banks in Coimbotore, Tamil Nadu
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 (SIBL0000099) 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 641059104 is in the middle, and your account number is on the right.