IFSC Code, MICR Codes for SOUTH INDIAN BANK in MAHARASHTRA - GREATER BOMBAY - MUMBAI - MUMBAI BORIVLI WEST

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


IFSC Code

SIBL0000361

MICR Code

400059010

Branch

MUMBAI BORIVLI WEST

Contact

28956908

Address

MUMBAI BORIVLI BRANCH TULASI BAUGSVP ROADBORIVLI (WEST) GREATER MUMBAI MAHARASHTRA PIN-400103

City

MUMBAI

District

GREATER BOMBAY

State

MAHARASHTRA





What is IFSC Code of SOUTH INDIAN BANK situated at MUMBAI BORIVLI WEST- RTGS-HO?
IFSC Code of SOUTH INDIAN BANK situated at MUMBAI BORIVLI WEST - RTGS-HO is

SIBL0000361

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.