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

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


IFSC Code

SIBL0000509

MICR Code

600059019

Branch

ADAYAR

Contact

24455131

Address

G-1 SRUTI APARTMENT NO.11II MAIN ROAD GANDHI NAGAR ADYAR

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

SIBL0000509

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.