Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Suco Souharda Sahakari Bank Ltd for its Dharwad branch in Dharwad, Dharwad, or Karnataka, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Suco Souharda Sahakari Bank Ltd located in Dharwad or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code SUSB0000020. You should definitely 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, Dharwad, Dharwad
The table below shows the main details of the IFSC Code SUSB0000020 for the Suco Souharda Sahakari Bank Ltd branch in Dharwad, which falls under the Dharwad district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Suco Souharda Sahakari Bank Ltd |
| IFSC Code | SUSB0000020 |
| Branch | Dharwad |
| City | Dharwad |
| District | Dharwad |
| State | Karnataka |
| Address | W No:19A,Venkatradi Heights,Near Police Station, Saraswathpur,Kalaghatagi Road,Dharwad-580 004. |
These details helps users in online banking and for businesses and individuals who use Suco Souharda Sahakari Bank Ltd in Dharwad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SUSB0000020 for the Dharwad branch of Suco Souharda Sahakari Bank Ltd 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 Suco Souharda Sahakari Bank Ltd located in Dharwad, Dharwad, Karnataka, are allotted a unique IFSC like SUSB0000020 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Dharwad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Dharwad and Dharwad.
- 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 Suco Souharda Sahakari Bank Ltd in Dharwad reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code SUSB0000020
The format of the IFSC Code for banks, including Suco Souharda Sahakari Bank Ltd, has 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 Dharwad in Dharwad.
For example, the IFSC Code SUSB0000020 of Suco Souharda Sahakari Bank Ltd for the Dharwad branch includes these elements, identifying the bank and the branch location in Dharwad and Karnataka correctly.
How to Find IFSC Code for Suco Souharda Sahakari Bank Ltd?
If you are trying to find the IFSC Code SUSB0000020 of Suco Souharda Sahakari Bank Ltd for its Dharwad branch located in Dharwad, the following methods can help:
Cheque Book
The cheque books that are issued by Suco Souharda Sahakari Bank Ltd include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Suco Souharda Sahakari Bank Ltd branches in Dharwad and Dharwad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Suco Souharda Sahakari Bank Ltd and find the branch locator section. Search for Dharwad or Dharwad to get the exact IFSC Code SUSB0000020.
Mobile Banking App
If you use Suco Souharda Sahakari Bank Ltd's mobile app, you can easily 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 to help you in searching for Suco Souharda Sahakari Bank Ltd and Dharwad that will provide accurate information.
How to Use IFSC Code SUSB0000020 for Online Transfers?
Once you have the IFSC Code SUSB0000020 for the Dharwad branch of Suco Souharda Sahakari Bank Ltd in Dharwad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SUSB0000020. The transfer is completed in batches instead of instantly. It is useful for both 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 Suco Souharda Sahakari Bank Ltd IFSC Code SUSB0000020.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Suco Souharda Sahakari Bank Ltd Dharwad in Dharwad, your payment can get delayed or might not go through at all.
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 Dharwad, 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 Suco Souharda Sahakari Bank Ltd website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Dharwad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SUSB0000020.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is W No:19A,Venkatradi Heights,Near Police Station, Saraswathpur,Kalaghatagi Road,Dharwad-580 004. located in Dharwad, Dharwad, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.