The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of South Indian Bank for its Ahmedabad Satellite Road branch in Ahmedabad, Ahmedabad, Gujarat, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of South Indian Bank located in Ahmedabad or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SIBL0000727. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for South Indian Bank, Ahmedabad Satellite Road, Ahmedabad
Below in the table are the key details related to IFSC Code SIBL0000727 of South Indian Bank for its branch located in Ahmedabad, within the district of Ahmedabad in the state of Gujarat.
| Particulars | Details |
|---|---|
| Bank | South Indian Bank |
| IFSC Code | SIBL0000727 |
| Branch | Ahmedabad Satellite Road |
| City | Ahmedabad |
| District | Ahmedabad |
| State | Gujarat |
| Address | Shop No. 5 7 6, Iscon Plaza, Satellite Road, Opp. Star India Bazar, Near Sundavan, Ahmedabad ├Éγçô 380015 |
These details are crucial, not just for online banking users but also for businesses and individuals who use South Indian Bank in Ahmedabad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIBL0000727 for the Ahmedabad Satellite Road branch of South Indian Bank has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with South Indian Bank located in Ahmedabad Satellite Road, Ahmedabad, Gujarat, are allotted a unique IFSC like SIBL0000727 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Ahmedabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Ahmedabad and Ahmedabad.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to South Indian Bank in Ahmedabad Satellite Road reaches the right place, even though there are thousands of branches in Gujarat and across India.
Format of the IFSC Code SIBL0000727
This is the format of the IFSC Code for banks, including South Indian Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For South Indian Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Ahmedabad Satellite Road in Ahmedabad.
For example, the IFSC Code SIBL0000727 of South Indian Bank for the Ahmedabad Satellite Road branch includes these elements, identifying the bank and the branch location in Ahmedabad and Gujarat accurately.
How to Find IFSC Code for South Indian Bank?
To find the IFSC Code SIBL0000727 of South Indian Bank for its Ahmedabad Satellite Road branch located in Ahmedabad, the following methods can help you out:
Cheque Book
The cheque book issued by South Indian Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including South Indian Bank branches in Ahmedabad and Ahmedabad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of South Indian Bank and go to the branch locator section. Then search for Ahmedabad Satellite Road or Ahmedabad to find the exact IFSC Code SIBL0000727.
Mobile Banking App
If you use South Indian Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for South Indian Bank and Ahmedabad will provide accurate information.
How to Use IFSC Code SIBL0000727 for Online Transfers?
If you have the IFSC Code SIBL0000727 for the Ahmedabad Satellite Road branch of South Indian Bank in Ahmedabad, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SIBL0000727. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Asks for the recipient's account details and South Indian Bank IFSC Code SIBL0000727.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for South Indian Bank Ahmedabad Satellite Road in Ahmedabad, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of South Indian Bank in Ahmedabad Satellite Road, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official South Indian Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Ahmedabad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SIBL0000727.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Shop No. 5 7 6, Iscon Plaza, Satellite Road, Opp. Star India Bazar, Near Sundavan, Ahmedabad ├Éγçô 380015 located in Ahmedabad, Ahmedabad, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.