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 Udhna Magdalla Road branch in Surat, Surat, Gujarat, 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 Surat or anywhere in Gujarat can transfer funds instantly by using the correct IFSC Code SUTB0248009. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Sutex Cooperative Bank Limited, Udhna Magdalla Road, Surat
The table below shows the main details of the IFSC Code SUTB0248009 for the Sutex Cooperative Bank Limited branch in Surat, which falls under the Surat district in Gujarat.
| Particulars | Details |
|---|---|
| Bank | Sutex Cooperative Bank Limited |
| IFSC Code | SUTB0248009 |
| Branch | Udhna Magdalla Road |
| City | Surat |
| District | Surat |
| State | Gujarat |
| Address | Surajram Bachkaniwala Bhavan, Gr.Floor,Udhna-Magdalla Rd., Surat-395017,Gujarat (India). |
These details help users in online banking and for businesses and individuals who use Sutex Cooperative Bank Limited in Surat for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code SUTB0248009 for the Udhna Magdalla Road branch of Sutex Cooperative Bank Limited has a very important 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 Udhna Magdalla Road, Surat, Gujarat, is provided a unique IFSC like SUTB0248009 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 Surat.
- 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 Surat and Surat.
- 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 Gujarat and the rest of India, the IFSC Code ensures that transactions meant for Sutex Cooperative Bank Limited in Udhna Magdalla Road do not get misguided to another person.
Format of the IFSC Code SUTB0248009
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 Udhna Magdalla Road in Surat.
For example, the IFSC Code SUTB0248009 of Sutex Cooperative Bank Limited for the Udhna Magdalla Road branch includes these elements, identifying the bank and the branch location in Surat and Gujarat accurately.
How to Find IFSC Code for Sutex Cooperative Bank Limited?
If you are trying to find the IFSC Code SUTB0248009 of Sutex Cooperative Bank Limited for its Udhna Magdalla Road branch located in Surat, the following methods can help:
Cheque Book
The cheque books that are issued by Sutex Cooperative Bank Limited include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Sutex Cooperative Bank Limited branches in Surat and Surat, 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 find the branch locator section. Search for Udhna Magdalla Road or Surat to get the exact IFSC Code SUTB0248009.
Mobile Banking App
If you use Sutex Cooperative Bank Limited's mobile app, you can easily 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 to help you in searching for Sutex Cooperative Bank Limited and Surat that will provide accurate information.
How to Use IFSC Code SUTB0248009 for Online Transfers?
Once you have the IFSC Code SUTB0248009 for the Udhna Magdalla Road branch of Sutex Cooperative Bank Limited in Surat, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code SUTB0248009. 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 Sutex Cooperative Bank Limited IFSC Code SUTB0248009.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Sutex Cooperative Bank Limited Udhna Magdalla Road in Surat, your payment can get delayed or might not go through at all.
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 Udhna Magdalla Road, 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 Surat manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is SUTB0248009.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Surajram Bachkaniwala Bhavan, Gr.Floor,Udhna-Magdalla Rd., Surat-395017,Gujarat (India). located in Surat, Surat, Gujarat.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.