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Sutex Coop Bank IFSC and MICR Code:

State wise list of Sutex Coop Bank IFSC code, MICR code and addresses of all branches in India

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The Sutex Co-op Bank (Sutex Bank) IFSC Code:

Sutex Bank customers can use the banks’ NEFT and RTGS services to transfer money anywhere in the country. The IFSC code is used in NEFT and RTGS money transfers, to ensure that the fund transfer is made to correct bank branch.

The IFSC or Indian Financial Systems Code is a code that is assigned to a bank branch that is part of the NEFT network.

The MICR or Magnetic Ink Character Recognition code is a form of printing technology that is used for the printing of alphanumeric characters. An MICR code, usually printed on a cheque, makes it convenient during the cheque clearing process.

The IFSC code for the Katargam branch located in Surat city, Gujarat is SUTB0248004, where “SUTB” is the code for Sutex Bank, “0” is left blank for future use and “248004” is the code for the Katargam branch.

How to Search for the Sutex Co-op Bank (Sutex Bank) IFSC and MICR Code?

The IFSC and MICR codes can be found offline on the first page of a passbook issued by the bank branch as well as on every cheque leaf issued by the branch.

The codes can also be found online. The Sutex Co-op Bank website has a list of its branch’s IFSC codes.

Another way to find IFSC and MICR codes is through BankBazaar, which has a list of all the codes for all NEFT-enabled branches in the country.

Simply visit the website and click on the “Bank IFSC Code” tab, whereupon a new page will open. Select the bank name, state, district, city and finally the bank branch from the options in the drop down menus. The IFSC and MICR codes of the branch will be displayed on screen.

The Sutex Bank’s NEFT and RTGS services make it easy to send money wirelessly to any bank branch in the country.

NEFT (National Electronic Fund Transfer):

The NEFT money transfer is a quick and safe online fund transfer service that is available during banking hours with the requests being settled in hourly batches. Requests received after banking hours or on bank holidays would be processed on the next business day.

RTGS (Real Time Gross Settlement):

RTGS is the fastest fund transfer facility in India, with transfers being processed as soon as a request is made. The service is available from Monday to Saturday during banking hours, and requests received on bank holidays and after banking hours are settled on the following day.

Transaction Limits:

Given below are the transaction limits for NEFT and RTGS:

Transfer type Lower limit Upper Limit
NEFT No limit No limit
RTGS Rs. 2 lakhs No limit

Schedule of Charges:

The charges for the services are given below:

NEFT:

Amount Charges
Up to Rs. 2 lakh No charge
Rs. 2 lakh to Rs. 5 lakh Rs. 29
Rs. 5 lakh and above Rs. 57

RTGS:

Amount Charges
Rs. 2 lakh- Rs. 5 lakh Rs. 29
Rs. 5 lakh and above Rs 57

The Sutex Co-op Bank, also known as the Surat Textile Traders Co-op Bank was established in 1972 in Surat, Gujarat. The bank was set up to cater to the local textile trading community. The bank has expanded and now has a number of branches across the city, providing a range of financial products and services to its customers.


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