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 Arakkonam branch in Vellore, Vellore, Tamil Nadu, 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 Vellore or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code SURY0050023. 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, Arakkonam, Vellore

Below in the table are the key details related to IFSC Code SURY0050023 of Suryoday Small Finance Bank Limited for its branch located in Vellore, within the district of Vellore in the state of Tamil Nadu.

Particulars Details
Bank Suryoday Small Finance Bank Limited
IFSC Code SURY0050023
Branch Arakkonam
City Vellore
District Vellore
State Tamil Nadu
Address Hig 66,Tnhb,Jothi Nagar,Arakkonam,Vellore,Tamil Nadu - 631003

These details are essential not only for online banking users but also for businesses and individuals who use Suryoday Small Finance Bank Limited in Vellore for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SURY0050023 for the Arakkonam 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, along with Suryoday Small Finance Bank Limited located in Arakkonam, Vellore, Tamil Nadu, are given a unique IFSC like SURY0050023 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Vellore.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Vellore and Vellore.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Suryoday Small Finance Bank Limited in Arakkonam goes to the correct branch. This is important because Suryoday Small Finance Bank Limited has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code SURY0050023

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

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Suryoday Small Finance 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 Arakkonam in Vellore.

For example, the IFSC Code SURY0050023 of Suryoday Small Finance Bank Limited for the Arakkonam branch includes these elements, identifying the bank and the branch location in Vellore and Tamil Nadu accurately.

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

If you are trying to find the IFSC Code SURY0050023 of Suryoday Small Finance Bank Limited for its Arakkonam branch located in Vellore, 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 Vellore and Vellore, 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 Arakkonam or Vellore to get the exact IFSC Code SURY0050023.

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 Vellore, you'll get the correct details.

How to Use IFSC Code SURY0050023 for Online Transfers?

Once you have the IFSC Code SURY0050023 for the Arakkonam branch of Suryoday Small Finance Bank Limited in Vellore, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SURY0050023. 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 Suryoday Small Finance Bank Limited IFSC Code SURY0050023.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Suryoday Small Finance Bank Limited Arakkonam in Vellore may result in delayed or failed transactions.

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 Arakkonam, 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 Vellore 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 Arakkonam, Vellore?

The IFSC Code is SURY0050023.

Is the IFSC Code SURY0050023 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

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

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

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Arakkonam branch?

The address of the branch is Hig 66,Tnhb,Jothi Nagar,Arakkonam,Vellore,Tamil Nadu - 631003 located in Vellore, Vellore, Tamil Nadu.

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.