South Indian Bank - Palai IFSC Code
Payment Services
Location & Contact
About South Indian Bank PALAI Branch
The South Indian Bank Palai branch is located in Kottayam, Palai district, Kerala. Its official IFSC code is SIBL0000062. This branch offers a wide range of banking services to customers in the Kottayam area, including savings and current accounts, loans, and digital banking facilities.
You can use the IFSC code SIBL0000062 for all online fund transfers, such as NEFT, RTGS, IMPS and UPI. It is mandatory to provide this code when adding a beneficiary to ensure that your funds are transferred securely and accurately to this specific branch.
Additionally, this branch has the MICR code 686059002, which is used for the processing and clearing of cheques. This code is printed on the bottom of cheque leaves and facilitates faster clearing.
Whether you are receiving funds or sending money to an account at the Palai branch, always verify the IFSC code SIBL0000062 before confirming the transaction.
How to Use This IFSC Code
The IFSC code SIBL0000062 is required for:
- NEFT Transfers: National Electronic Funds Transfer to this branch
- RTGS Transfers: Real Time Gross Settlement for large transactions
- IMPS Transfers: Immediate Payment Service for instant transfers
- UPI Setup: Link your bank account to UPI apps
- Online Bill Payments: Add beneficiary for utility payments
Simply enter SIBL0000062 when prompted for the IFSC code during any online banking transaction.