The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Suco Souharda Sahakari Bank Ltd for its Vasavi Nagar,Raichur Branch branch in Vasavi Nagar Raichur, Raichur, Karnataka, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Suco Souharda Sahakari Bank Ltd located in Vasavi Nagar Raichur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code SUSB0000012. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Suco Souharda Sahakari Bank Ltd, Vasavi Nagar,Raichur Branch, Vasavi Nagar Raichur
The table below shows the main details of the IFSC Code SUSB0000012 for the Suco Souharda Sahakari Bank Ltd branch in Vasavi Nagar Raichur, which falls under the Raichur district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Suco Souharda Sahakari Bank Ltd |
| IFSC Code | SUSB0000012 |
| Branch | Vasavi Nagar,Raichur Branch |
| City | Vasavi Nagar Raichur |
| District | Raichur |
| State | Karnataka |
| Address | Building No 7-6-175/3,Near Vasavi Nagar Bus Stand,Opp Pgb Bank,Vasavi Nagar,Raichur-584 143 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Suco Souharda Sahakari Bank Ltd in Vasavi Nagar Raichur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SUSB0000012 for the Vasavi Nagar,Raichur Branch 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 Vasavi Nagar,Raichur Branch, Vasavi Nagar Raichur, Karnataka, is provided a unique IFSC like SUSB0000012 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 Vasavi Nagar Raichur.
- 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 Vasavi Nagar Raichur and Raichur.
- 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 Vasavi Nagar,Raichur Branch do not get misguided to another person.
Format of the IFSC Code SUSB0000012
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 Vasavi Nagar,Raichur Branch in Vasavi Nagar Raichur.
For example, the IFSC Code SUSB0000012 of Suco Souharda Sahakari Bank Ltd for the Vasavi Nagar,Raichur Branch branch includes these elements, identifying the bank and the branch location in Vasavi Nagar Raichur and Karnataka accurately.
How to Find IFSC Code for Suco Souharda Sahakari Bank Ltd?
To find the IFSC Code SUSB0000012 of Suco Souharda Sahakari Bank Ltd for its Vasavi Nagar,Raichur Branch branch located in Vasavi Nagar Raichur, the following methods can help you out:
Cheque Book
The cheque book issued by Suco Souharda Sahakari Bank Ltd includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Suco Souharda Sahakari Bank Ltd branches in Vasavi Nagar Raichur and Raichur, 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 go to the branch locator section. Then search for Vasavi Nagar,Raichur Branch or Vasavi Nagar Raichur to find the exact IFSC Code SUSB0000012.
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 maintains an updated database of all IFSC codes. Searching for Suco Souharda Sahakari Bank Ltd and Vasavi Nagar Raichur will provide accurate information.
How to Use IFSC Code SUSB0000012 for Online Transfers?
Once you have the IFSC Code SUSB0000012 for the Vasavi Nagar,Raichur Branch branch of Suco Souharda Sahakari Bank Ltd in Vasavi Nagar Raichur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SUSB0000012. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Suco Souharda Sahakari Bank Ltd IFSC Code SUSB0000012.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Suco Souharda Sahakari Bank Ltd Vasavi Nagar,Raichur Branch in Vasavi Nagar Raichur, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Suco Souharda Sahakari Bank Ltd in Vasavi Nagar,Raichur Branch, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Suco Souharda Sahakari Bank Ltd website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Vasavi Nagar Raichur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SUSB0000012.
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 Building No 7-6-175/3,Near Vasavi Nagar Bus Stand,Opp Pgb Bank,Vasavi Nagar,Raichur-584 143 located in Vasavi Nagar Raichur, Raichur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.