It is very important to find correct branch before initiating any bank process. Though all banks will have a mechanism to verify the Retail Assets Department Branch, Account Type, IFSC Code, MICR Code, and Account Name, etc. and any mismatch will result in failed transaction!
The best and simplest place to verify Retail Assets Department branch is the cheque book. All banks will print the Retail Assets Department on the cheque books. Also, your account pass book should have the Retail Assets Department branch printed.
The address of Retail Assets Department branch is The south indian bank,retail assets department,sib administrative block - 2,infopark express way, rajagiri valley p o, kakkanad, ernakulam-682039, which is located in Ernakulam District of Kerala State. IFSC code used in online fund transfer and MICR code used in clearing of cheques for South Indian Bank Retail Assets Department is also provided.
Retail Assets Department has number of branches spread across India. Branch banking has undergone significant changes in response to the competition in financial services market and the ever increasing consumer demands. This leads to a single consumer bearing more than one account in different banks and due to internet banking, as in case of South Indian Bank Retail Assets Department branch, fund transfer between these banks is also possible.