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 Royal Circle Branch Bellary branch in Royal Circle Branch Bellary, Bellary, 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 Royal Circle Branch Bellary or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code SUSB0000011. 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, Royal Circle Branch Bellary, Royal Circle Branch Bellary
Here are the key points that are associated with the IFSC Code SUSB0000011 of Suco Souharda Sahakari Bank Ltd for its branch located in Royal Circle Branch Bellary, within the district of Bellary in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Suco Souharda Sahakari Bank Ltd |
| IFSC Code | SUSB0000011 |
| Branch | Royal Circle Branch Bellary |
| City | Royal Circle Branch Bellary |
| District | Bellary |
| State | Karnataka |
| Address | Corp W N:18,Cmc Building ,Royal Circle,Station Road,Bellary 583 103 |
These details are essential not only for online banking users but also for businesses and individuals who use Suco Souharda Sahakari Bank Ltd in Royal Circle Branch Bellary for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SUSB0000011 for the Royal Circle Branch Bellary branch of Suco Souharda Sahakari Bank Ltd plays an important 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, including Suco Souharda Sahakari Bank Ltd located in Royal Circle Branch Bellary, Royal Circle Branch Bellary, Karnataka, is provided with a unique IFSC like SUSB0000011 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 Royal Circle Branch Bellary.
- 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 Royal Circle Branch Bellary and Bellary.
- 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 Royal Circle Branch Bellary do not get mixed with another location.
Format of the IFSC Code SUSB0000011
The format of the IFSC Code for banks, including Suco Souharda Sahakari Bank Ltd, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Suco Souharda Sahakari Bank Ltd, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Royal Circle Branch Bellary in Royal Circle Branch Bellary.
For example, the IFSC Code SUSB0000011 of Suco Souharda Sahakari Bank Ltd for the Royal Circle Branch Bellary branch includes these elements, identifying the bank and the branch location in Royal Circle Branch Bellary and Karnataka accurately.
How to Find IFSC Code for Suco Souharda Sahakari Bank Ltd?
If you are trying to find the IFSC Code SUSB0000011 of Suco Souharda Sahakari Bank Ltd for its Royal Circle Branch Bellary branch located in Royal Circle Branch Bellary, 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 Royal Circle Branch Bellary and Bellary, 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 Royal Circle Branch Bellary or Royal Circle Branch Bellary to get the exact IFSC Code SUSB0000011.
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 Royal Circle Branch Bellary that will provide accurate information.
How to Use IFSC Code SUSB0000011 for Online Transfers?
Once you have the IFSC Code SUSB0000011 for the Royal Circle Branch Bellary branch of Suco Souharda Sahakari Bank Ltd in Royal Circle Branch Bellary, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SUSB0000011. 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 SUSB0000011.
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 Royal Circle Branch Bellary in Royal Circle Branch Bellary, 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 Royal Circle Branch Bellary, 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 Royal Circle Branch Bellary manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SUSB0000011.
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 Corp W N:18,Cmc Building ,Royal Circle,Station Road,Bellary 583 103 located in Royal Circle Branch Bellary, Bellary, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.