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 Gangavathi Branch branch in Gangavathi, Koppal, 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 Gangavathi or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code SUSB0000003. 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, Gangavathi Branch, Gangavathi
Below in the table are the key details related to IFSC Code SUSB0000003 of Suco Souharda Sahakari Bank Ltd for its branch located in Gangavathi, within the district of Koppal in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Suco Souharda Sahakari Bank Ltd |
| IFSC Code | SUSB0000003 |
| Branch | Gangavathi Branch |
| City | Gangavathi |
| District | Koppal |
| State | Karnataka |
| Address | Cmc 2-12-96/2-8-116,Cbs Circle, Koppal Road, Gangavathi-583227 |
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 Gangavathi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SUSB0000003 for the Gangavathi 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, along with Suco Souharda Sahakari Bank Ltd located in Gangavathi Branch, Gangavathi, Karnataka, are given a unique IFSC like SUSB0000003 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Gangavathi.
- 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 Gangavathi and Koppal.
- 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 Suco Souharda Sahakari Bank Ltd in Gangavathi Branch goes to the correct branch. This is important because Suco Souharda Sahakari Bank Ltd has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code SUSB0000003
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 Gangavathi Branch in Gangavathi.
For example, the IFSC Code SUSB0000003 of Suco Souharda Sahakari Bank Ltd for the Gangavathi Branch branch includes these elements, identifying the bank and the branch location in Gangavathi and Karnataka accurately.
How to Find IFSC Code for Suco Souharda Sahakari Bank Ltd?
If you are trying to find the IFSC Code SUSB0000003 of Suco Souharda Sahakari Bank Ltd for its Gangavathi Branch branch located in Gangavathi, 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 Gangavathi and Koppal, 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 Gangavathi Branch or Gangavathi to get the exact IFSC Code SUSB0000003.
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 Gangavathi, you'll get the correct details.
How to Use IFSC Code SUSB0000003 for Online Transfers?
Once you have the IFSC Code SUSB0000003 for the Gangavathi Branch branch of Suco Souharda Sahakari Bank Ltd in Gangavathi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SUSB0000003. 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 SUSB0000003.
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 Gangavathi Branch in Gangavathi, 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 Gangavathi 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 Gangavathi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SUSB0000003.
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 Cmc 2-12-96/2-8-116,Cbs Circle, Koppal Road, Gangavathi-583227 located in Gangavathi, Koppal, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.