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

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


IFSC Code

SIBL0000516

MICR Code

600059022

Branch

CHENNAI TAMBARAM

Contact

22265861

Address

10 A DUARI SAMI PILLAI STREET WEST TAMBARAM

City

TAMBARAM

District

CHENNAI

State

TAMIL NADU





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

SIBL0000516

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.