For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Suryoday Small Finance Bank Limited for its Panchakahania branch in Dhenkanal, Dhenkanal, Odisha, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Suryoday Small Finance Bank Limited located in Dhenkanal or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SURY0000063. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Suryoday Small Finance Bank Limited, Panchakahania, Dhenkanal
Here are the key points that are associated with the IFSC Code SURY0000063 of Suryoday Small Finance Bank Limited for its branch located in Dhenkanal, within the district of Dhenkanal in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Suryoday Small Finance Bank Limited |
| IFSC Code | SURY0000063 |
| Branch | Panchakahania |
| City | Dhenkanal |
| District | Dhenkanal |
| State | Odisha |
| Address | Plot No.69,Caltex Square,Near Nh 55-Panchakahania,Station Road,Dhenkanal R S,Dhenkanal - 759013,Odisha |
These details are essential not only for online banking users but also for businesses and individuals who use Suryoday Small Finance Bank Limited in Dhenkanal for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SURY0000063 for the Panchakahania branch of Suryoday Small Finance Bank Limited 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 Suryoday Small Finance Bank Limited located in Panchakahania, Dhenkanal, Odisha, is provided with a unique IFSC like SURY0000063 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Suryoday Small Finance Bank Limited branch in Dhenkanal.
- 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 Dhenkanal and Dhenkanal.
- 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 Odisha and the rest of India and the IFSC Code ensures that transactions meant for Suryoday Small Finance Bank Limited in Panchakahania do not get mixed with another location.
Format of the IFSC Code SURY0000063
The format of the IFSC Code for banks, including Suryoday Small Finance Bank Limited, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Suryoday Small Finance Bank Limited, 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 Panchakahania in Dhenkanal.
For example, the IFSC Code SURY0000063 of Suryoday Small Finance Bank Limited for the Panchakahania branch includes these elements, identifying the bank and the branch location in Dhenkanal and Odisha correctly.
How to Find IFSC Code for Suryoday Small Finance Bank Limited?
If you are looking for the IFSC Code SURY0000063 of Suryoday Small Finance Bank Limited for its Panchakahania branch located in Dhenkanal, the following methods can help:
Cheque Book
The cheque book that is issued by Suryoday Small Finance Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Suryoday Small Finance Bank Limited branches in Dhenkanal and Dhenkanal, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Suryoday Small Finance Bank Limited and look for the branch locator section, then search for Panchakahania or Dhenkanal to get the exact IFSC Code SURY0000063.
Mobile Banking App
If you use Suryoday Small Finance Bank Limited's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Suryoday Small Finance Bank Limited and Dhenkanal, then it will provide you proper information.
How to Use IFSC Code SURY0000063 for Online Transfers?
Once you have the IFSC Code SURY0000063 for the Panchakahania branch of Suryoday Small Finance Bank Limited in Dhenkanal, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code SURY0000063. 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 Suryoday Small Finance Bank Limited IFSC Code SURY0000063.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Suryoday Small Finance Bank Limited Panchakahania in Dhenkanal, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Suryoday Small Finance Bank Limited in Panchakahania, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Suryoday Small Finance Bank Limited website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Dhenkanal manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SURY0000063.
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 Plot No.69,Caltex Square,Near Nh 55-Panchakahania,Station Road,Dhenkanal R S,Dhenkanal - 759013,Odisha located in Dhenkanal, Dhenkanal, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.