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 Sutex Cooperative Bank Limited for its Navapur branch in Navapur, Nandurbar, Maharashtra, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Sutex Cooperative Bank Limited located in Navapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code SUTB0248021. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Sutex Cooperative Bank Limited, Navapur, Navapur

Here are the key points that are associated with the IFSC Code SUTB0248021 of Sutex Cooperative Bank Limited for its branch located in Navapur, within the district of Nandurbar in the state of Maharashtra.

Particulars Details
Bank Sutex Cooperative Bank Limited
IFSC Code SUTB0248021
Branch Navapur
City Navapur
District Nandurbar
State Maharashtra
Address House No.511, Ground Floor, Sardar Chowk, Navapur-425418

These details are important not only for users using online banking but also for businesses and individuals who use Sutex Cooperative Bank Limited in Navapur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code SUTB0248021 for the Navapur branch of Sutex Cooperative 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 Sutex Cooperative Bank Limited located in Navapur, Navapur, Maharashtra, are allotted a unique IFSC like SUTB0248021 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Navapur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Navapur and Nandurbar.
  • 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 Sutex Cooperative Bank Limited in Navapur reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code SUTB0248021

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

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): These represent the bank code. In Sutex Cooperative Bank Limited, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Navapur in Navapur.

For example, the IFSC Code SUTB0248021 of Sutex Cooperative Bank Limited for the Navapur branch has these elements, identifying the bank and the branch location in Navapur and Maharashtra correctly.

How to Find IFSC Code for Sutex Cooperative Bank Limited?

To find the IFSC Code SUTB0248021 of Sutex Cooperative Bank Limited for its Navapur branch located in Navapur, 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 Navapur and Nandurbar, 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 Navapur or Navapur to find the exact IFSC Code SUTB0248021.

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 Navapur will provide accurate information.

How to Use IFSC Code SUTB0248021 for Online Transfers?

If you have the IFSC Code SUTB0248021 for the Navapur branch of Sutex Cooperative Bank Limited in Navapur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code SUTB0248021. Transfers are processed in batches. 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. Asks for the recipient's account details and Sutex Cooperative Bank Limited IFSC Code SUTB0248021.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Sutex Cooperative Bank Limited Navapur in Navapur, it may 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 Sutex Cooperative Bank Limited in Navapur, 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 Sutex Cooperative Bank Limited website.
  • Search the RBI portal.

Knowing both IFSC and MICR code can help account holders in Navapur manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Sutex Cooperative Bank Limited in Navapur, Navapur?

The IFSC Code is SUTB0248021.

Is the IFSC Code SUTB0248021 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Sutex Cooperative Bank Limited Navapur?

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

What is the full address of the Navapur branch?

The address of the branch is House No.511, Ground Floor, Sardar Chowk, Navapur-425418 located in Navapur, Nandurbar, Maharashtra.

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.