Small Industries Development Bank Of India

Reserve bank of India has allotted IFSC codes to all the bank branches in India to easily identify the transactions which are done through a particular branch. IFSC codes are unique 11 digits codes with alphabetic and numeric characters, which are given to all bank branches, and the code won’t repeat. It is mandatory to enter IFSC code or MICR codes to identify the branches to perform the cash transactions, without this code the bank branches can’t transfer the funds.

These codes helps the users to ensure that the transferred funds receives to the rightful person without any error or concern. The IFSC code for THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA which is located in Msme development centre, plot no.c-11, g-block, bandra kurla complex, bandra east, mumbai-400051 is SIDB0000001.

This IFSC code can be used for online money transaction via NEFT, RTGS and IMPS to any THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA account or to any other bank accounts, Here the first 4 alphabets SIDB indicates the bank name, The fifth digit is 0 [zero] for future use, The last 6 digits 000001 indicates the particular branch of THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA which is located in Msme development centre, plot no.c-11, g-block, bandra kurla complex, bandra east, mumbai-400051 is SIDB0000001.

IFSC code whose full form is Indian Financial System Code used for online payment applications like RTGS which is Real Time Gross Settlement, NEFT which is National Electronic Funds Transfer, IPM, from one bank to another through IMPS which is electronic Instant Mobile Money transfer Service and CFMS which is Centralized Funds Management System instructed by RBI.

RBI has allotted IFSC codes to all banks in India to find out the branches when money transfer takes place. According to RBI guidelines the IFSC code is mandatory for interbank transfers via NEFT and RTGS to any bank in India, with the help of IFSC codes and MICR codes the online funds transaction are made easily without any confusion. This codes helps to avoid risk factor while sending and receiving funds through banks in our country and it makes sure that the money reaches to the rightful account holder at the specified branch.

Easy way to find The Small Industries Developement Bank Of India IFSC code and MICR code?

If the customer knows the full name of the bank and its branch location then it is easy to find the IFSC and MICR code, the customer can find the codes in the passbook and cheque books of the specified bank which is printed on the passbook, or the website of RBI also offers the entire list of IFSC codes required for the account holder. Some third party website also shows the IFSC codes in their websites.

Some of the popular financial comparison sites display the table carrying IFSC codes for Bank of Baroda’s branches throughout the India. Any account holder visiting the website has to choose the Bank IFSC code link present on the home page where 4 columns are displayed. Customers must feed some bank details like the state -> district -> branch > to get the IFSC codes or MICR codes for THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA. The website displays all details about the bank such as the phone number, address, of the branch, name, branch code, etc...

Small Industries Development Bank Of India Branch Details

• Maharashtra

About The Small Industries Developement Bank Of India

SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA was established on the year 2nd of April 1990, which is the main working body for all licensing and regulation of micro, small and medium scale enterprises finance companies in India, The bank’s main purpose is to provide re-finance facilities to banks and financial institutions and engage in term lending and working capital finance to industries, and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME),sector.

That is under the jurisdiction of Ministry of Finance , Government of India, and it is headquartered at Lucknow and they having its offices all over the country. There are a total of 33 networking branches of THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA which are effectively working some parts of India, and there are a 5 Regional offices of THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA.

PRODUCTS AND SERVICES OF THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA:-

Features of SIDBI (Small Industries and Development Bank of India)

• SIDBI provides refinance support to Small Scale Industries (SSIs)
• Funding support to MSME sector
• Helps in discounting the bills of Small Scale Industries
• Provides refinance to financial institutions, including banks, NBFCs & Small Finance Companies
• Offers financial services, such as hire purchase, factoring, and leasing services
• Promotes employment opportunities among SSIs
• Provides assistance to exports
• Bank loans offered to women entrepreneurs and an underprivileged groups of people.

Benefits of availing Business Loans under SIDBI

• Concessional interest rates
• Customized form of credit and loans
• Most of the loans are Collateral Free
• Custom-made funding for MSMEs
• Subsidies on various schemes
• Transparent funding process
• Capital growth for business owners
• Assistance and advice provided by relationship managers

SIDBI covers mainly 6 products under Direct Loans that are discussed below:

• SIDBI Make in India Soft Loan Fund for Micro Small and Medium Enterprises (SMILE)
• Smile Equipment Finance (SEF)
• Loans under Partnership with OEM
• Working Capital (Cash Credit)
• SIDBI Trader Finance Scheme (STFS)
• Loan for Purchase of Equipment for Enterprise’s Development (SPEED).

For further details contact or write to THE SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA:-
ADDRESS:-
SIDBI Headquarters:-
SIDBI Tower, 15, Ashok Marg,
Lucknow – 226001, Uttar Pradesh
Phone Number: 0522-2288546 ,0522-2288547, 0522-2288548, 0522-2288549 , 0522-4259700.
Fax Number: 0522-2288459.