There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of South Indian Bank for its Faridabad branch in Faridabad, Faridabad, Haryana, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of South Indian Bank situated in Faridabad or anywhere in Haryana can easily transfer funds instantly by using the correct IFSC Code SIBL0000555. You should 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, Faridabad, Faridabad

Below in the table are the key details related to IFSC Code SIBL0000555 of South Indian Bank for its branch located in Faridabad, within the district of Faridabad in the state of Haryana.

Particulars Details
Bank South Indian Bank
IFSC Code SIBL0000555
Branch Faridabad
City Faridabad
District Faridabad
State Haryana
Address Shop No-60,Clm Mall,I P Colony,Sector30-33,Faridabad

These details helps users in online banking and for businesses and individuals who use South Indian Bank in Faridabad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIBL0000555 for the Faridabad 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 Faridabad, Faridabad, Haryana, are allotted a unique IFSC like SIBL0000555 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Faridabad.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Faridabad and Faridabad.
  • 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 Faridabad reaches the right place, even though there are thousands of branches in Haryana and across India.

Format of the IFSC Code SIBL0000555

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

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For South Indian Bank, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Faridabad in Faridabad.

For example, the IFSC Code SIBL0000555 of South Indian Bank for the Faridabad branch includes these elements, identifying the bank and the branch location in Faridabad and Haryana correctly.

How to Find IFSC Code for South Indian Bank?

If you are trying to find the IFSC Code SIBL0000555 of South Indian Bank for its Faridabad branch located in Faridabad, 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

Most banks, including South Indian Bank branches in Faridabad and Faridabad, print the IFSC and MICR codes 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 Faridabad or Faridabad to get the exact IFSC Code SIBL0000555.

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 Faridabad, you'll get the correct details.

How to Use IFSC Code SIBL0000555 for Online Transfers?

Once you have the IFSC Code SIBL0000555 for the Faridabad branch of South Indian Bank in Faridabad, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SIBL0000555. 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 SIBL0000555.

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 Faridabad in Faridabad 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 Faridabad, 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 Faridabad manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of South Indian Bank Faridabad Faridabad?

The IFSC Code of the Faridabad Faridabad branch is SIBL0000555.

Is IFSC Code SIBL0000555 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the South Indian Bank Faridabad branch?

The branch is located at Shop No-60,Clm Mall,I P Colony,Sector30-33,Faridabad.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.