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 Surat National Cooperative Bank Limited for its Magob branch in Surat, Surat, Surat, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Surat National Cooperative Bank Limited situated in Surat or anywhere in Surat can easily transfer funds instantly by using the correct IFSC Code SUNB0000017. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Surat National Cooperative Bank Limited, Magob, Surat
Below in the table are the key details related to IFSC Code SUNB0000017 of Surat National Cooperative Bank Limited for its branch located in Surat, within the district of Surat in the state of Surat.
| Particulars | Details |
|---|---|
| Bank | Surat National Cooperative Bank Limited |
| IFSC Code | SUNB0000017 |
| Branch | Magob |
| City | Surat |
| District | Surat |
| State | Surat |
| Address | Shop No 1, Midas Square, 150 Ft Parvat-Godadhara Road, Magob, Surat 395010 |
These details helps users in online banking and for businesses and individuals who use Surat National Cooperative Bank Limited in Surat for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SUNB0000017 for the Magob branch of Surat National Cooperative Bank Limited 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 Surat National Cooperative Bank Limited located in Magob, Surat, Surat, are allotted a unique IFSC like SUNB0000017 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Surat.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Surat and Surat.
- 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 Surat National Cooperative Bank Limited in Magob reaches the right place, even though there are thousands of branches in Surat and across India.
Format of the IFSC Code SUNB0000017
The format of the IFSC Code for banks, including Surat National Cooperative Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Surat National Cooperative Bank Limited, 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 Magob in Surat.
For example, the IFSC Code SUNB0000017 of Surat National Cooperative Bank Limited for the Magob branch includes these elements, identifying the bank and the branch location in Surat and Surat accurately.
How to Find IFSC Code for Surat National Cooperative Bank Limited?
If you are trying to find the IFSC Code SUNB0000017 of Surat National Cooperative Bank Limited for its Magob branch located in Surat, the following methods can help:
Cheque Book
The cheque book issued by Surat National Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Surat National Cooperative Bank Limited branches in Surat and Surat, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Surat National Cooperative Bank Limited and navigate to the branch locator section. Search for Magob or Surat to get the exact IFSC Code SUNB0000017.
Mobile Banking App
If you use Surat National Cooperative Bank Limited'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 Surat National Cooperative Bank Limited and Surat, you'll get the correct details.
How to Use IFSC Code SUNB0000017 for Online Transfers?
Once you have the IFSC Code SUNB0000017 for the Magob branch of Surat National Cooperative Bank Limited in Surat, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SUNB0000017. Transfers are processed in batches. This is suitable for 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 Surat National Cooperative Bank Limited IFSC Code SUNB0000017.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Surat National Cooperative Bank Limited Magob in Surat may 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 Surat National Cooperative Bank Limited in Magob, 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 Surat National Cooperative Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Surat manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SUNB0000017.
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 Shop No 1, Midas Square, 150 Ft Parvat-Godadhara Road, Magob, Surat 395010 located in Surat, Surat, Surat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.