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 Tikarapada branch in Khurda, Khurda, 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 Khurda or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code SURY0000057. 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, Tikarapada, Khurda
Here are the key points that are associated with the IFSC Code SURY0000057 of Suryoday Small Finance Bank Limited for its branch located in Khurda, within the district of Khurda in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Suryoday Small Finance Bank Limited |
| IFSC Code | SURY0000057 |
| Branch | Tikarapada |
| City | Khurda |
| District | Khurda |
| State | Odisha |
| Address | At-Basantpur,P.O-Itipur,Via-Bhubaneswar,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 Khurda for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SURY0000057 for the Tikarapada 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Suryoday Small Finance Bank Limited located in Tikarapada, Khurda, Odisha, is provided a unique IFSC like SURY0000057 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Suryoday Small Finance Bank Limited branch in Khurda.
- 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 Khurda and Khurda.
- 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 Odisha and the rest of India, the IFSC Code ensures that transactions meant for Suryoday Small Finance Bank Limited in Tikarapada do not get misguided to another person.
Format of the IFSC Code SURY0000057
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 Tikarapada in Khurda.
For example, the IFSC Code SURY0000057 of Suryoday Small Finance Bank Limited for the Tikarapada branch includes these elements, identifying the bank and the branch location in Khurda and Odisha accurately.
How to Find IFSC Code for Suryoday Small Finance Bank Limited?
If you are trying to find the IFSC Code SURY0000057 of Suryoday Small Finance Bank Limited for its Tikarapada branch located in Khurda, the following methods can help:
Cheque Book
The cheque book issued by Suryoday Small Finance Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Suryoday Small Finance Bank Limited branches in Khurda and Khurda, print them on the first page of your passbook.
Bank Website
Visit the official website of Suryoday Small Finance Bank Limited and navigate to the branch locator section. Search for Tikarapada or Khurda to get the exact IFSC Code SURY0000057.
Mobile Banking App
If you use Suryoday Small Finance 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 Suryoday Small Finance Bank Limited and Khurda, you'll get the correct details.
How to Use IFSC Code SURY0000057 for Online Transfers?
Once you have the IFSC Code SURY0000057 for the Tikarapada branch of Suryoday Small Finance Bank Limited in Khurda, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SURY0000057. 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 Suryoday Small Finance Bank Limited IFSC Code SURY0000057.
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 Tikarapada in Khurda, 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 Suryoday Small Finance Bank Limited in Tikarapada, 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 Suryoday Small Finance Bank Limited website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Khurda manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is SURY0000057.
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 At-Basantpur,P.O-Itipur,Via-Bhubaneswar,Odisha located in Khurda, Khurda, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.