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 Suco Souharda Sahakari Bank Ltd for its Challakere Branch branch in Challakere, Htaua, Karnataka, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Suco Souharda Sahakari Bank Ltd situated in Challakere or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code SUSB0000017. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Suco Souharda Sahakari Bank Ltd, Challakere Branch, Challakere
The table below shows the main details of the IFSC Code SUSB0000017 for the Suco Souharda Sahakari Bank Ltd branch in Challakere, which falls under the Htaua district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Suco Souharda Sahakari Bank Ltd |
| IFSC Code | SUSB0000017 |
| Branch | Challakere Branch |
| City | Challakere |
| District | Htaua |
| State | Karnataka |
| Address | No 720,Behind Bdo Office,Kailash Gas Agency,Chitradurga Road,Challakere-577 522 |
These details are important not only for users using online banking but also for businesses and individuals who use Suco Souharda Sahakari Bank Ltd in Challakere for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SUSB0000017 for the Challakere Branch branch of Suco Souharda Sahakari Bank Ltd is vital.
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, including Suco Souharda Sahakari Bank Ltd located in Challakere Branch, Challakere, Karnataka, is provided with a unique IFSC like SUSB0000017 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Suco Souharda Sahakari Bank Ltd branch in Challakere.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Challakere and Htaua.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Suco Souharda Sahakari Bank Ltd in Challakere Branch do not get mixed with another location.
Format of the IFSC Code SUSB0000017
The format of the IFSC Code for banks, including Suco Souharda Sahakari Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Suco Souharda Sahakari Bank Ltd, 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 Challakere Branch in Challakere.
For example, the IFSC Code SUSB0000017 of Suco Souharda Sahakari Bank Ltd for the Challakere Branch branch includes these elements, identifying the bank and the branch location in Challakere and Karnataka accurately.
How to Find IFSC Code for Suco Souharda Sahakari Bank Ltd?
If you are trying to find the IFSC Code SUSB0000017 of Suco Souharda Sahakari Bank Ltd for its Challakere Branch branch located in Challakere, the following methods can help:
Cheque Book
The cheque book issued by Suco Souharda Sahakari Bank Ltd includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Suco Souharda Sahakari Bank Ltd branches in Challakere and Htaua, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Suco Souharda Sahakari Bank Ltd and navigate to the branch locator section. Search for Challakere Branch or Challakere to get the exact IFSC Code SUSB0000017.
Mobile Banking App
If you use Suco Souharda Sahakari Bank Ltd'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 Suco Souharda Sahakari Bank Ltd and Challakere, you'll get the correct details.
How to Use IFSC Code SUSB0000017 for Online Transfers?
If you have the IFSC Code SUSB0000017 for the Challakere Branch branch of Suco Souharda Sahakari Bank Ltd in Challakere, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SUSB0000017. 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 Suco Souharda Sahakari Bank Ltd IFSC Code SUSB0000017.
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 Suco Souharda Sahakari Bank Ltd Challakere Branch in Challakere, 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 Suco Souharda Sahakari Bank Ltd in Challakere Branch, 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 Suco Souharda Sahakari Bank Ltd website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Challakere to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Challakere Branch Challakere branch is SUSB0000017.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at No 720,Behind Bdo Office,Kailash Gas Agency,Chitradurga Road,Challakere-577 522.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.