SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA IFSC and MICR Code:

State wise list of SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA IFSC code, MICR code and addresses of all branches in India

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Small Industries Development Bank of India IFSC Code

Small Industries Development Bank of India (SIDBI) IFSC Code is a unique 11-digit alphanumeric code that is used for electronic fund transfers such as NEFT, IMPS and RTGS. Indian Financial System Code, popularly abbreviated as IFSC, is a very important piece of information that is used by a remitter when he/she is sending money through net banking. The Reserve Bank of India (RBI) assigned this code to all bank branches in India in order to make the money transfer process more organized and error-free. Small Industries Development Bank of India IFSC Code is used to uniquely identify a specific bank branch that comes under the RBI-government fund transfer network. For example, IFSC key for the Mumbai branch of the bank is SIDB0000001. Here, it can be noted that the first four characters, which is ‘SIDB’, denotes the name of the bank and the next number ‘zero’ is always kept aside for future use. On the other hand, the last 6 characters represent the branch code, which in this case is ‘000001’. This is representative of the Mumbai branch.

S I D B 0 0 0 0 0 0 1
Bank Name ‘Zero’ Branch Code

How to Search for Small Industries Development Bank of India IFSC and MICR Code

SIDBI IFSC and MICR Code can be found through a number of channels. Firstly, this key is always printed on the cheque book that is issued by the bank and can be found on the cheque leaf easily. Those who do not have the cheque book, will be able to look for the code online on third-party financial websites or on the bank branch itself. MICR, also known as Magnetic Ink Character Recognition Code, is a type of technology that is used in banking for a faster and more efficient cheque clearing system. It is very easy to look up for this code and it can be done online. You can find this code on all third-party financial websites, including BankBazaar.

About Small Industries Development Bank of India

SIDBI was established on April 2, 1990, is today one of the most well-known banks in the country. The bank is established under the purview of the Indian Parliament as a financial institution to promote the development of Micro, Small and Medium Enterprises (MSME). The bank has been working towards promoting a number of MSME industries in the country by addressing their financing needs in a fair and effective manner. SIDBI is also keeping with the times by adoptions a number of strategic changes in order to create a stronger and more successful MSME sector in a country like ours.


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