IFSC Code of South Indian Bank, Chennai-Tambaram, Tambaram, Tamil Nadu- SIBL0000516

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 Chennai-Tambaram branch in Chennai, Tambaram, Tamil Nadu, 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 Chennai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code SIBL0000516. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for South Indian Bank, Chennai-Tambaram, Chennai

Here are the key points that are associated with the IFSC Code SIBL0000516 of South Indian Bank for its branch located in Chennai, within the district of Tambaram in the state of Tamil Nadu.

These details are essential not only for online banking users but also for businesses and individuals who use South Indian Bank in Chennai for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIBL0000516 for the Chennai-Tambaram branch of South Indian Bank plays 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 Chennai-Tambaram, Chennai, Tamil Nadu, are given a unique IFSC like SIBL0000516 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Chennai.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It prevents any kind of confusion between different branches of the same bank in places like Chennai and Tambaram.
• It reduces errors in fund transfers and improves accuracy.
• It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to South Indian Bank in Chennai-Tambaram goes to the correct branch. This is important because South Indian Bank has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SIBL0000516

The format of the IFSC Code for banks, including South Indian Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

• First 4 characters (AAAA): These represent the bank code. In South Indian Bank, they are a short identifier for the bank.
• 5th character (0): This is always zero and is reserved for future use.
• Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Chennai-Tambaram in Chennai.

For example, the IFSC Code SIBL0000516 of South Indian Bank for the Chennai-Tambaram branch has these elements, identifying the bank and the branch location in Chennai and Tamil Nadu correctly.

How to Find IFSC Code for South Indian Bank?

If you are trying to find the IFSC Code SIBL0000516 of South Indian Bank for its Chennai-Tambaram branch located in Chennai, the following methods can help:

Cheque Book

The cheque book issued by South Indian Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including South Indian Bank branches in Chennai and Tambaram, print them on the first page of your passbook.

Bank Website

Visit the official website of South Indian Bank and navigate to the branch locator section. Search for Chennai-Tambaram or Chennai to get the exact IFSC Code SIBL0000516.

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 keeps an updated list of all IFSC codes. If you search for South Indian Bank and Chennai, you'll get the correct details.

How to Use IFSC Code SIBL0000516 for Online Transfers?

Once you have the IFSC Code SIBL0000516 for the Chennai-Tambaram branch of South Indian Bank in Chennai, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SIBL0000516. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and South Indian Bank IFSC Code SIBL0000516.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the South Indian Bank Chennai-Tambaram in Chennai, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of South Indian Bank in Chennai-Tambaram, here are some ways to obtain it:

• Check the bottom of your cheque leaf.
• Refer to the first page of your passbook.
• Visit the official South Indian Bank website.
• Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Chennai to handle online money transfers and get their cheques cleared smoothly.