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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Suco Souharda Sahakari Bank Ltd for its Mundaragi branch in Mundaragi, Gadag, Karnataka, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Suco Souharda Sahakari Bank Ltd located in Mundaragi or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code SUSB0000025. 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, Mundaragi, Mundaragi
Below in the table are the key details related to IFSC Code SUSB0000025 of Suco Souharda Sahakari Bank Ltd for its branch located in Mundaragi, within the district of Gadag in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Suco Souharda Sahakari Bank Ltd |
| IFSC Code | SUSB0000025 |
| Branch | Mundaragi |
| City | Mundaragi |
| District | Gadag |
| State | Karnataka |
| Address | Sanna Basavaraj Kalawad Complex,Ward No.18,Tmc No.3132 D/72 & No.3132 D/73,Gadag Road,Mundaragi-582118 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Suco Souharda Sahakari Bank Ltd in Mundaragi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SUSB0000025 for the Mundaragi branch of Suco Souharda Sahakari Bank Ltd has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Suco Souharda Sahakari Bank Ltd located in Mundaragi, Mundaragi, Karnataka, is provided a unique IFSC like SUSB0000025 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Suco Souharda Sahakari Bank Ltd branch in Mundaragi.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Mundaragi and Gadag.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Karnataka and the rest of India, the IFSC Code ensures that transactions meant for Suco Souharda Sahakari Bank Ltd in Mundaragi do not get misguided to another person.
Format of the IFSC Code SUSB0000025
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 Mundaragi in Mundaragi.
For example, the IFSC Code SUSB0000025 of Suco Souharda Sahakari Bank Ltd for the Mundaragi branch includes these elements, identifying the bank and the branch location in Mundaragi and Karnataka accurately.
How to Find IFSC Code for Suco Souharda Sahakari Bank Ltd?
If you are trying to find the IFSC Code SUSB0000025 of Suco Souharda Sahakari Bank Ltd for its Mundaragi branch located in Mundaragi, 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 Mundaragi and Gadag, 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 Mundaragi or Mundaragi to get the exact IFSC Code SUSB0000025.
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 Mundaragi, you'll get the correct details.
How to Use IFSC Code SUSB0000025 for Online Transfers?
Once you have the IFSC Code SUSB0000025 for the Mundaragi branch of Suco Souharda Sahakari Bank Ltd in Mundaragi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SUSB0000025. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 SUSB0000025.
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 Mundaragi in Mundaragi, 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 Mundaragi, 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 Mundaragi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is SUSB0000025.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Sanna Basavaraj Kalawad Complex,Ward No.18,Tmc No.3132 D/72 & No.3132 D/73,Gadag Road,Mundaragi-582118 located in Mundaragi, Gadag, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.