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

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


IFSC Code

SIBL0000131

MICR Code

632059002

Branch

VELLORE

Contact

2221957

Address

VELLORE BRANCH JAYALAKHMI COMPLEX FIRST FLOOR 50 KATPADIROAD VELLORE TAMIL NADU PIN-632004

City

VELLORE

District

VELLORE

State

TAMIL NADU





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

SIBL0000131

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.