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 Suryoday Small Finance Bank Limited for its Paramanandpur branch in Kalahandi, Kalahandi, Odisha, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Suryoday Small Finance Bank Limited located in Kalahandi or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SURY0000054. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Suryoday Small Finance Bank Limited, Paramanandpur, Kalahandi

The table below shows the main details of the IFSC Code SURY0000054 for the Suryoday Small Finance Bank Limited branch in Kalahandi, which falls under the Kalahandi district in Odisha.

Particulars Details
Bank Suryoday Small Finance Bank Limited
IFSC Code SURY0000054
Branch Paramanandpur
City Kalahandi
District Kalahandi
State Odisha
Address 1St Floor,Paramanandpur Chowk,Infront Of Maruti Showroom,Bhawanipatna,Kalahandi,Odisha

These details are important not only for users using online banking but also for businesses and individuals who use Suryoday Small Finance Bank Limited in Kalahandi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SURY0000054 for the Paramanandpur branch of Suryoday Small Finance Bank Limited is vital.

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 Suryoday Small Finance Bank Limited located in Paramanandpur, Kalahandi, Odisha, are allotted a unique IFSC like SURY0000054 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Kalahandi.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Kalahandi and Kalahandi.
  • 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 Suryoday Small Finance Bank Limited in Paramanandpur reaches the right place, even though there are thousands of branches in Odisha and across India.

Format of the IFSC Code SURY0000054

This is the format of the IFSC Code for banks, including Suryoday Small Finance Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Suryoday Small Finance Bank Limited, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Paramanandpur in Kalahandi.

For example, the IFSC Code SURY0000054 of Suryoday Small Finance Bank Limited for the Paramanandpur branch includes these elements, identifying the bank and the branch location in Kalahandi and Odisha accurately.

How to Find IFSC Code for Suryoday Small Finance Bank Limited?

If you are looking for the IFSC Code SURY0000054 of Suryoday Small Finance Bank Limited for its Paramanandpur branch located in Kalahandi, 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 Kalahandi and Kalahandi, 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 Paramanandpur or Kalahandi to get the exact IFSC Code SURY0000054.

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 Kalahandi, then it will provide you proper information.

How to Use IFSC Code SURY0000054 for Online Transfers?

Once you have the IFSC Code SURY0000054 for the Paramanandpur branch of Suryoday Small Finance Bank Limited in Kalahandi, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code SURY0000054. The transfer is completed in batches instead of instantly. It is useful for both 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 Suryoday Small Finance Bank Limited IFSC Code SURY0000054.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Suryoday Small Finance Bank Limited Paramanandpur in Kalahandi, your payment can get delayed or might not go through at all.

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 Suryoday Small Finance Bank Limited in Paramanandpur, 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 Suryoday Small Finance Bank Limited website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Kalahandi manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Suryoday Small Finance Bank Limited in Paramanandpur, Kalahandi?

The IFSC Code is SURY0000054.

Is the IFSC Code SURY0000054 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Suryoday Small Finance Bank Limited Paramanandpur?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Paramanandpur branch?

The address of the branch is 1St Floor,Paramanandpur Chowk,Infront Of Maruti Showroom,Bhawanipatna,Kalahandi,Odisha located in Kalahandi, Kalahandi, Odisha.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.