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 Perungudi branch in Kancheepuram, Perungudi, Tamil Nadu, 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 Kancheepuram or anywhere in Tamil Nadu can easily transfer funds instantly by using the correct IFSC Code SIBL0000567. 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, Perungudi, Kancheepuram

Below in the table are the key details related to IFSC Code SIBL0000567 of South Indian Bank for its branch located in Kancheepuram, within the district of Perungudi in the state of Tamil Nadu.

Particulars Details
Bank South Indian Bank
IFSC Code SIBL0000567
Branch Perungudi
City Kancheepuram
District Perungudi
State Tamil Nadu
Address Door No 112, Omr Road,Ð Ð Rajiv Gandhi Salai, Perungudi

These details helps users in online banking and for businesses and individuals who use South Indian Bank in Kancheepuram for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SIBL0000567 for the Perungudi 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 Perungudi, Kancheepuram, Tamil Nadu, are given a unique IFSC like SIBL0000567 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Kancheepuram.
  • 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 Kancheepuram and Perungudi.
  • 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 Perungudi 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 SIBL0000567

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 Perungudi in Kancheepuram.

For example, the IFSC Code SIBL0000567 of South Indian Bank for the Perungudi branch includes these elements, identifying the bank and the branch location in Kancheepuram and Tamil Nadu accurately.

How to Find IFSC Code for South Indian Bank?

To find the IFSC Code SIBL0000567 of South Indian Bank for its Perungudi branch located in Kancheepuram, 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 Kancheepuram and Perungudi, 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 Perungudi or Kancheepuram to find the exact IFSC Code SIBL0000567.

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 Kancheepuram will provide accurate information.

How to Use IFSC Code SIBL0000567 for Online Transfers?

If you have the IFSC Code SIBL0000567 for the Perungudi branch of South Indian Bank in Kancheepuram, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SIBL0000567. 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 SIBL0000567.

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 Perungudi in Kancheepuram, it 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 Perungudi, here are some ways that you can get 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.

If you know both IFSC and MICR codes, then it can help account holders in Kancheepuram manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of South Indian Bank in Perungudi, Kancheepuram?

The IFSC Code is SIBL0000567.

Is the IFSC Code SIBL0000567 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of South Indian Bank Perungudi?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Perungudi branch?

The address of the branch is Door No 112, Omr Road,Ð Ð Rajiv Gandhi Salai, Perungudi located in Kancheepuram, Perungudi, Tamil Nadu.

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.