IFSC Code, MICR Codes for SOUTH INDIAN BANK in ANDHRA PRADESH - HYDERABAD - HYDERABAD - BADANGPET

SOUTH INDIAN BANK RTGS HO Branch in HYDERABAD - Address, IFSC, MICR Code


IFSC Code

SIBL0000692

MICR Code

500059021

Branch

BADANGPET

Contact

245692

Address

PLOT NO.14 BADANGPET VILLAGESAROOR NAGAR MANDALHYDERABAD-500058 R.R.DIST. ANDHRA PRADESH

City

HYDERABAD

District

HYDERABAD

State

ANDHRA PRADESH





What is IFSC Code of SOUTH INDIAN BANK situated at BADANGPET- RTGS-HO?
IFSC Code of SOUTH INDIAN BANK situated at BADANGPET - RTGS-HO is

SIBL0000692

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.