IFSC Code, MICR Codes for SOUTH INDIAN BANK in TAMIL NADU - CHENNAI - CHENNAI - POONAMALLEE

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


IFSC Code

SIBL0000407

MICR Code

600059014

Branch

POONAMALLEE

Contact

26494165

Address

POONAMALLEE BRANCH 70 IDAYAM COMPLEX TRUNK ROADKARAYAN CHAVADI CHENNAI TAMIL NADU PIN-600056

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

SIBL0000407

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.