The Sikkim State Co-operative Bank Ltd. (SISCO Bank) is a premier cooperative bank in Sikkim, India, committed to providing seamless financial services to individuals, businesses, and cooperative societies. Established on October 7, 1996, the bank has played a significant role in financial inclusion, rural development, and agriculture financing across the state. With help of network of 13 branches and Headoffice, SISCO Bank ensures that banking services are accessible to customers in both urban and remote areas.
Bank Details & Key Information
| Description | Details |
|---|---|
| Bank Name | The Sikkim State Co-operative Bank Ltd. (SISCO Bank) |
| Established | October 7, 1996 |
| Cooperative ID (NCD ID) | 11A010000224 |
| Number of Branches | 14 |
| Number of ATMs | 13 |
| Micro ATMs | Available |
| Banking Tier | Two-Tier |
| Bank Type | Indirect |
| Deposit Insurance (DICGC) | Yes |
| Sponsor Bank | IDBI Bank |
| Head Office Address | SISCO Bank Head Office Tadong, Gangtok, Sikkim 737102 |
| Official Website | siscobank.com |
Important Details about Sikkim State Co-operative Bank Ltd
| Attribute | Details |
|---|---|
| Bank Code | SKKX |
| IFSC Code | IBKL0108SIC |
| MICR Code | 737657002 |
| LEI Code | 335800Z1KLNDWPIPBO77 |
| D-U-N-S Number | Available |
| Approved DLT | Available |
Services Offered by SISCO Bank
1. Deposit Products
SISCO Bank provides a wide range of deposit accounts catering to individuals, businesses, and cooperative societies.
| Deposit Type | Features |
|---|---|
| Savings Account | Competitive interest rates, passbook facility, debit card availability |
| Current Account | Best for businesses, overdraft facility, unlimited transactions |
| Fixed Deposit (FD) | Higher interest rates, flexible tenure options |
| Recurring Deposit (RD) | Monthly deposit plans, ideal for salaried individuals |
2. Loan Products
SISCO Bank offers various loan products for agriculture, personal needs, housing, and business expansion.
| Loan Type | Purpose | Eligibility |
|---|---|---|
| Personal Loan | For urgent personal needs | Salaried & self-employed individuals |
| Agricultural Loan | Farming, dairy, irrigation, equipment | Farmers, cooperative societies |
| Business Loan | MSME, startups, working capital | Entrepreneurs, business owners |
| Housing Loan | Home purchase, construction, renovation | Individuals with steady income |
Digital Banking Products Sikkim State Co-operative Bank Ltd
1. UPI (Unified Payments Interface)
SISCO Bank is enabled for UPI services, allowing customers to make seamless digital transactions.
| UPI Feature | Status |
|---|---|
| UPI Registration | Available |
| Money Transfer via UPI | Enabled |
| Bill Payments via UPI | Enabled |
2. NACH (National Automated Clearing House) Live Status
SISCO Bank is part of NPCI’s NACH network, which enables smooth electronic payments for salaries, pensions, and other financial transactions.
| NACH Service | Status | Description |
|---|---|---|
| ACH Credit (ACH CR) | Yes | Enabled for direct credit transactions |
| ACH Debit (ACH DR) | No | Not enabled for direct debit transactions |
| APBS (Aadhaar Payment Bridge System) | Yes | Aadhaar-based payments available |
| BBPS (Bharat Bill Payment System) | No | Not available |
| Utility Bill Payment | Electricity Bill payment | Electricity Bill Payment (Other Zones) Electricity Bill Payment (Gangtok Zone) |
Customer Support & Banking Correspondence
| Service | Details |
|---|---|
| Customer Care Portal | Visit Here |
| Customer Care Number | 03592 -232008 / 231005 |
| Toll-Free Number | Not Available |
| Mobile Banking App | Available on Play Store (Download Now) |
| Internet Banking | Data Not Available |
| Positive Pay System | Data Not Available |
How to Open an Account with SISCO Bank?
- Visit the nearest branch with KYC documents (Aadhaar, PAN, passport-size photos).
- Fill out the account opening form and select the desired deposit product.
- Submit documents and initial deposit amount.
- Get your account details, debit card, and net banking credentials.
Why Choose SISCO Bank?
✅ Secure & Reliable Banking – Backed by DICGC for deposit insurance.
✅ Comprehensive Digital Banking – UPI, NACH, and ACH-enabled services.
✅ Wide Banking Network – 14 branches across Sikkim.
✅ Personalized Loan Solutions – Business, agriculture, and housing loans.
✅ Cooperative Banking Benefits – Lower fees and better customer support.
Official References & Data Sources
- Reserve Bank of India (RBI): www.rbi.org.in
- NPCI – NACH Live Members: www.npci.org.in
- NPCI – UPI Live Members: www.npci.org.in
- Government of India – Cooperative Banks: www.cooperatives.gov.in
- Deposit Insurance (DICGC): www.dicgc.org.in
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