Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of South Indian Bank for its Coimbatore Vadavalli branch in Coimbatore, Vadavalli, Tamil Nadu, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of South Indian Bank located in Coimbatore or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code SIBL0000565. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for South Indian Bank, Coimbatore Vadavalli, Coimbatore
Below in the table are the key details related to IFSC Code SIBL0000565 of South Indian Bank for its branch located in Coimbatore, within the district of Vadavalli in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | South Indian Bank |
| IFSC Code | SIBL0000565 |
| Branch | Coimbatore Vadavalli |
| City | Coimbatore |
| District | Vadavalli |
| State | Tamil Nadu |
| Address | 1C, Thirumurugan Nagar, Maruthamalai Main Road |
These details helps users in online banking and for businesses and individuals who use South Indian Bank in Coimbatore for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIBL0000565 for the Coimbatore Vadavalli branch of South Indian Bank plays a vital 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 Coimbatore Vadavalli, Coimbatore, Tamil Nadu, are given a unique IFSC like SIBL0000565 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Coimbatore.
- 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 Coimbatore and Vadavalli.
- 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 Coimbatore Vadavalli 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 SIBL0000565
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 Coimbatore Vadavalli in Coimbatore.
For example, the IFSC Code SIBL0000565 of South Indian Bank for the Coimbatore Vadavalli branch includes these elements, identifying the bank and the branch location in Coimbatore and Tamil Nadu accurately.
How to Find IFSC Code for South Indian Bank?
If you are trying to find the IFSC Code SIBL0000565 of South Indian Bank for its Coimbatore Vadavalli branch located in Coimbatore, the following methods can help:
Cheque Book
The cheque books that are issued by South Indian Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including South Indian Bank branches in Coimbatore and Vadavalli, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of South Indian Bank and find the branch locator section. Search for Coimbatore Vadavalli or Coimbatore to get the exact IFSC Code SIBL0000565.
Mobile Banking App
If you use South Indian Bank's mobile app, you can easily 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 to help you in searching for South Indian Bank and Coimbatore that will provide accurate information.
How to Use IFSC Code SIBL0000565 for Online Transfers?
Once you have the IFSC Code SIBL0000565 for the Coimbatore Vadavalli branch of South Indian Bank in Coimbatore, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SIBL0000565. Transfers are processed in batches. This is 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. Requires the recipient's account details and South Indian Bank IFSC Code SIBL0000565.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for South Indian Bank Coimbatore Vadavalli in Coimbatore may result in delayed or failed transactions.
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 Coimbatore Vadavalli, 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 Coimbatore to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SIBL0000565.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is 1C, Thirumurugan Nagar, Maruthamalai Main Road located in Coimbatore, Vadavalli, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.