Suryoday Small Finance Bank Ltd IFSC code & MICR code
State wise list of Suryoday Small Finance Bank Ltd IFSC code & MICR code.
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Suryoday Small Finance Bank IFSC Code:
Transferring of funds has become a quick process these days as compared to the cumbersome procedures employed a few years ago. The main reason for this innovation is IFSC or Indian Financial System Code. This code is alphanumeric in nature and facilitates the transfer of funds online via electronic methods. This code comprises of 11 characters wherein the first four characters that are alphabetic represent the name of the bank and the last six represent the branch of the said bank. The fifth character, which is always a '0' is reserved for use in the future.
For example, SURY0000017 is the IFSC for the Sadashivpeth branch of Suryoday Bank. In this case, 'SURY' denotes the name of the bank, and the last six numbers which are, '000017' denotes the branch of the bank. The IFSC number is extremely important as it ensures that the amount is transferred to the correct bank account. The fifth character is '0' which is maintained for future use.
How to Search for Suryoday Small Finance Bank IFSC and MICR Codes?
Customers will be able to find the IFSC code for all branches of Suryoday Small Finance Bank in the cheque that is issued to customers by the bank or even on the official website of the bank. Additionally, individuals can find the IFSC code of the bank in third party financial websites or comparison web portals.
An example of a third party website is BankBazaar. Through this website, individuals can avail all IFSC Codes of Suryoday Small Finance Bank. In order to so do, customers will have to visit the website of BankBazaar and click on the link 'Bank IFSC Code' which is present towards the bottom of the website. They will then be directed to another page wherein the following information will have to be provided -
- Name of the bank, which in this case is Suryoday Small Finance Bank Ltd.
- State in which the respective branch is located and in this case it is Maharastra.
- District in which the branch is located.
- Then finally, the branch whose IFSC code is required.
Once the above information is provided, the required IFSC Code along with the MICR Code will be provided. Additional information such as the address and phone number, if available will also be provided.
How to Transfer Money using Suryoday Small Finance Bank NEFT and RTGS?
You can quickly and easily transfer money online using Suryoday Small Finance Bank NEFT and RTGS facilities.
In order to do so, individuals will have to first log into their internet banking account and choose the option to transfer funds via NEFT/RTGS. The following information will be required-
- Amount to be transferred
- Name and Account number of the receiver.
- Name of the receiver's bank.
- Remarks, if any.
- IFSC code of the receiver's bank branch.
Fee applicable for NEFT transfers:
The fee applicable for NEFT Transfers vary based on the type of savings account chosen.
- Fee for receiving money via NEFT Transfer - Free
- Fee for sending an amount -
Amount to be transferred (per transaction) | Savings Ujjwal | Savings Classic | Savings Sunrise | Savings BSBDA Small | Savings Aditya | Savings Supreme | Savings BSBDA | Savings Salary | Savings TASC |
0 to Rs.10,000 | Rs.2.5 | Rs.2.5 | Rs.2.5 | Rs.2.5 | Rs.2.5 | NIL | Rs.2.5 | Rs.2.5 | NIL |
Rs.10,001 to Rs.100,000 | Rs.5 | Rs.5 | Rs.5 | Rs.5 | Rs.5 | NIL | Rs.5 | Rs.5 | NIL |
Rs.100,001 to Rs.200,000 | Rs.10 | Rs.10 | Rs.10 | Rs.10 | Rs.10 | NIL | Rs.10 | Rs.10 | NIL |
Above Rs.200,000 | Rs.10 | Rs.10 | Rs.10 | Rs.10 | Rs.10 | NIL | Rs.10 | Rs.10 | NIL |
Rs.200,000 to Rs.500,000 | Rs.25 | Rs.25 | Rs.25 | Rs.25 | Rs.25 | NIL | Rs.25 | Rs.25 | NIL |
Above Rs.500,000 | Rs.50 | Rs.50 | Rs.50 | Rs.50 | Rs.50 | NIL | Rs.50 | Rs.50 | NIL |
Fee applicable for RTGS transfers:
The fee applicable for RTGS Transfers vary based on the type of savings account chosen.
- Fee for receiving money via RTGS Transfer - Free
- Fee for sending an amount -
Amount to be transferred (per transaction) | Savings Ujjwal | Savings Classic | Savings Sunrise | Savings BSBDA Small | Savings Aditya | Savings Supreme | Savings BSBDA | Savings Salary | Savings TASC |
Rs.200,000 to Rs.500,000 | Rs.25 | Rs.25 | Rs.25 | Rs.25 | Rs.25 | NIL | Rs.25 | Rs.25 | NIL |
Above Rs.500,000 | Rs.50 | Rs.50 | Rs.50 | Rs.50 | Rs.50 | NIL | Rs.50 | Rs.50 | NIL |
About Suryoday Small Finance Bank:
Started in the year 2017 to bring the best in banking solutions to all sections of society whether banked, under-banked or unbanked. The numerous products and solutions offered by this company is highly advantageous and is meant to suit myriad financial requirements. Customers care and state-of-the-art technology is given prominence by Suryoday Small Finance Bank Ltd. to ensure that customers have the best possible experience that is completely hassle-free.
This company started out as Suryoday Micro Finance company but has grown by leaps and bounds over the years. It is the only company in the state of Maharashtra to avail a 'Small Finance Bank' license from the RBI i.e., Reserve Bank of India. As of March 2017, the net worth of Suryoday Small Finance Bank is Rs.505 crore (provisional) with Rs.964 crore as the Asset Book size. This company has received the credit ratings A-/A1 by CARE.
This small finance bank offers a plethora of products and services such as MFI loans, Shopkeeper loans, Vikas Loans and other products. Additionally, digital banking services are also provided to ensure that customers can complete their transactions and keep an eye on the same, online without having to visit a particular branch of the bank. Along with the provision to transfer money through RTGS, IMPS and NEFT methods, Suryoday Small Finance Bank is one of the best Small Finance Banks today.
FAQs on Suryoday Small Finance Bank Ltd IFSC Code & MICR Code
- What is the format of Suryoday Small Finance Bank IFSC Code?
The first four characters represent the Suryoday Small Finance Bank code. The fifth character is always zero and is reserved for future use. The last six characters uniquely identify the specific bank branch.
- Where can I find MICR code?
You can find the MICR code in a bank passbook and a chequebook. Apart from this, you can also find the MICR code on the bank's official website.
- What is the use of IFSC Code?
The IFSC code is used to direct funds to the proper recipient bank and branch when you start an online fund transfer or make an electronic payment. It guarantees transaction accuracy and safeguards against misrouting. For a variety of online banking transactions, such as interbank transfers, bill payments, and other financial operations carried out through electronic channels, IFSC codes are frequently needed.
- Where is the head office of Suryoday Small Finance Bank?
The head office of Suryoday Small Finance Bank is Sharda Terraces, Plot 65 Sector 11, CBD Belapur, Navi Mumbai.
- What are the benefits of MICR Code?
Cheque processing can be done quickly and automatically through MICR. Large volumes of cheques can be efficiently sorted and handled because the distinctive MICR characters are quickly recognised by specialised equipment. Large batches of cheques may be processed quickly due to MICR technology. For banks and other financial institutions that process a large number of cheques every day, this is essential.
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