Sikkim State Co Operative Bank Sikkim State Co-operative Bank Imps IFSC Code
Sikkim State Co Operative Bank
IFSC · Used for NEFT, IMPS & RTGS
MICR · Used for Cheque Clearance
Branch
Sikkim State Co-operative Bank Imps
District
Gangtok
State
Maharashtra
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Frequently Asked Questions
About Sikkim State Co Operative Bank Sikkim State Co-operative Bank Imps (near Zero Point - 8sic), Gangtok
The IFSC code IBKL0108SIC (lowercase: ibkl0108sic) belongs to Sikkim State Co Operative Bank, specifically the Sikkim State Co-operative Bank Imps (near Zero Point - 8sic) branch located in Gangtok, Maharashtra.
The 5th character in the IFSC code IBKL0108SIC is a zero (0), not the letter 'O'. The correct format is IBKL0108SIC (lowercase: ibkl0108sic), and not IBKLO108SIC. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.
The IFSC code of Sikkim State Co Operative Bank Sikkim State Co-operative Bank Imps (near Zero Point - 8sic) in Gangtok, Maharashtra is IBKL0108SIC. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.
Sikkim State Co Operative Bank Sikkim State Co-operative Bank Imps (near Zero Point - 8sic) is located at Near Zero Point Nh 31a Gangtok Sikkim 737101, Gangtok, Maharashtra. You can click the "View on Google Maps" button on this page to get directions.
The MICR (Magnetic Ink Character Recognition) code of Sikkim State Co Operative Bank Sikkim State Co-operative Bank Imps (near Zero Point - 8sic) is 737657002. MICR codes are used for cheque processing and are printed at the bottom of cheque leaves in magnetic ink.
Yes. IFSC code IBKL0108SIC is valid for all three RBI-regulated transfer modes: NEFT (settled in 30-minute batches, no minimum), RTGS (real-time, minimum ₹2 lakh), and IMPS (instant, up to ₹5 lakh). All modes are available 24×7×365 as per RBI guidelines issued in December 2019.
You can verify IFSC code IBKL0108SIC by checking: (1) The top-left corner of any Sikkim State Co Operative Bank Sikkim State Co-operative Bank Imps (near Zero Point - 8sic) cheque leaf, (2) The first page of your Sikkim State Co Operative Bank passbook, (3) Your net banking or mobile banking app under "Branch Details", or (4) The RBI's official IFSC lookup at rbi.org.in.
Understanding IFSC Code: IBKL0108SIC
Decoded structure — 4 + 1 + 6 characters
Visual Breakdown
Swipe to see all
IBKL0108SIC
What Each Part Means
- Bank Code — IBKL
- The first 4 characters uniquely identify Sikkim State Co Operative Bank at the national level. Every branch of Sikkim State Co Operative Bank across all states shares this same prefix. It is assigned by the RBI and never changes.
- Reserved — 0
- The 5th character is always 0 (zero), reserved by the RBI for future use. It acts as a separator between the bank identifier and the branch-specific code and is mandatory in all electronic fund transfer systems.
- Branch Code — 108SIC
- The final 6 characters 108SIC uniquely identify this specific branch within the Sikkim State Co Operative Bank network. No two branches share the same branch code. Use this code to verify you have the correct branch before initiating any NEFT, RTGS, or IMPS transfer.
| Segment | Chars | Value | Purpose |
|---|---|---|---|
| Bank Code | 1–4 | IBKL | Identifies Sikkim State Co Operative Bank |
| Reserved | 5 | 0 | RBI reserved (always 0) |
| Branch Code | 6–11 | 108SIC | Unique to this branch |
Where to Find IFSC & MICR on Your Cheque
Interactive cheque leaf mockup — highlighted fields show live values from this branch
Swipe left to view full cheque
Sikkim State Co Operative Bank
Sikkim State Co-operative Bank Imps (near Zero Point - 8sic), Gangtok, Maharashtra
Cheque No.
00000108
A/c No.
Authorised Signatory
IFSC vs MICR — Functional Comparison
Two different codes, two different banking systems
| Feature | IFSC Code | MICR Code |
|---|---|---|
| Full Form | Indian Financial System Code | Magnetic Ink Character Recognition |
| Length & Format | 11 characters — alphanumeric | 9 digits — numeric only |
| This Branch | IBKL0108SIC | 737657002 |
| Primary Use | Electronic fund transfers: NEFT, RTGS, IMPS, UPI | Physical cheque clearing at clearing houses |
| Medium | Digital / online — no physical document needed | Printed in magnetic ink on cheque leaf bottom band |
| Processing Speed | Real-time (IMPS/UPI) or 30-min batches (NEFT) | T+1 or T+2 clearing cycle via RBI clearing houses |
| Where to Find It | Cheque leaf (top area), passbook first page, net banking | Bottom band of cheque leaf (the printed magnetic strip) |
| Assigned By | RBI — permanent unless branch is relocated/merged | RBI — encodes city (3) + bank (3) + branch (3) digits |
| Required For | Adding a payee / beneficiary for online transfer | Cheque book issuance and clearing house processing |
Source: Reserve Bank of India (RBI) Payment Systems Guidelines. IFSC mandatory for NEFT/RTGS/IMPS since 2010; MICR used by CTS-2010 standard cheque clearing.