SIBL0001020 IFSC Code, SOUTH INDIAN BANK, MATUNGA

IFSC Code of South Indian Bank, Matunga, Maharashtra IFSC CODE & MICR CODE

SOUTH INDIAN BANK, MATUNGA - SIBL0001020

  • Bank name: SOUTH INDIAN BANK

Bank Address: Ground & First Floor, Pinnacle 323,323/a, Dr. B.a. Road, Matunga East, Near Maheshwari Udyan, Matunga, Mumbai, Maharashtra - 400019

  • IFSC Code sibl0001020
  • Bank Code SIBL
  • Bank name SOUTH INDIAN BANK
  • Bank contact number +914842365657
  • Bank branch MATUNGA
  • Bank ISO3166 Code IN-MH
  • Bank Center MATUNGA
  • MICR Code 400059022
  • State name MAHARASHTRA
  • District name MATUNGA
  • City name MUMBAI
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for SOUTH INDIAN BANK, MATUNGA branch is SIBL0001020, ensures that your transactions are directed to the correct branch.

How to Use SIBL0001020 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the MATUNGA branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.