Suco Souharda Sahakari Bank
HUBLI BRANCH BRANCH
+918362362607
Understanding IFSC Code: The Digital DNA of Suco Souharda Sahakari Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the HUBLI BRANCH
branch of Suco Souharda Sahakari Bank, the code SUSB0000008 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the SUSB0000008 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"SUSB" represents Suco Souharda Sahakari Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for HUBLI BRANCH
Payment Systems Supported by SUSB0000008
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—580836002—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Suco Souharda Sahakari Bank in HUBLI typically follows the RBI holiday calendar. Digital transfers via SUSB0000008 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While SUSB0000008 is the valid code for HUBLI BRANCH at HUBLI, ensure the beneficiary name matches perfectly in your mobile banking app.
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Financial Tools
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Branch Context
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Platform Links
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