IFSC Code of Sutex Cooperative Bank Limited, Chembur, Mumbai, Maharashtra — SUTB0248022

Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Sutex Cooperative Bank Limited for its Chembur branch in Mumbai, Mumbai, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Sutex Cooperative Bank Limited located in Mumbai or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SUTB0248022. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Sutex Cooperative Bank Limited, Chembur, Mumbai

The table below shows the main details of the IFSC Code SUTB0248022 for the Sutex Cooperative Bank Limited branch in Mumbai, which falls under the Mumbai district in Maharashtra.

These details helps users in online banking and for businesses and individuals who use Sutex Cooperative Bank Limited in Mumbai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SUTB0248022 for the Chembur branch of Sutex Cooperative Bank Limited plays a vital role.

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 Sutex Cooperative Bank Limited located in Chembur, Mumbai, Maharashtra, is provided a unique IFSC like SUTB0248022 so that their online payments reach the right place.

The IFSC Code is important because:

• It uniquely recognizes the Sutex Cooperative Bank Limited branch in Mumbai.
• 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 Mumbai and Mumbai.
• 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 Maharashtra and the rest of India, the IFSC Code ensures that transactions meant for Sutex Cooperative Bank Limited in Chembur do not get misguided to another person.

Format of the IFSC Code SUTB0248022

The format of the IFSC Code for banks, including Sutex Cooperative Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Sutex 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 Chembur in Mumbai.

For example, the IFSC Code SUTB0248022 of Sutex Cooperative Bank Limited for the Chembur branch includes these elements, identifying the bank and the branch location in Mumbai and Maharashtra accurately.

How to Find IFSC Code for Sutex Cooperative Bank Limited?

To find the IFSC Code SUTB0248022 of Sutex Cooperative Bank Limited for its Chembur branch located in Mumbai, the following methods can help you out:

Cheque Book

The cheque book issued by Sutex Cooperative Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Sutex Cooperative Bank Limited branches in Mumbai and Mumbai, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Sutex Cooperative Bank Limited and go to the branch locator section. Then search for Chembur or Mumbai to find the exact IFSC Code SUTB0248022.

Mobile Banking App

If you use Sutex 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 maintains an updated database of all IFSC codes. Searching for Sutex Cooperative Bank Limited and Mumbai will provide accurate information.

How to Use IFSC Code SUTB0248022 for Online Transfers?

Once you have the IFSC Code SUTB0248022 for the Chembur branch of Sutex Cooperative Bank Limited in Mumbai, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SUTB0248022. 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 Sutex Cooperative Bank Limited IFSC Code SUTB0248022.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Sutex Cooperative Bank Limited Chembur in Mumbai 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 Sutex Cooperative Bank Limited in Chembur, here are some ways to obtain it:

• Check the bottom of your cheque leaf.
• Refer to the first page of your passbook.
• Visit the official Sutex Cooperative Bank Limited website.
• Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Mumbai to handle online money transfers and get their cheques cleared smoothly.