The Surat People’s Co-op Bank IFSC Code: A Comprehensive Guide
Are you looking for the IFSC code for The Surat People’s Co-op Bank? If so, you’ve come to the right place. In this detailed guide, we will delve into everything you need to know about the IFSC code for The Surat People’s Co-op Bank, including its significance, how to use it, and its benefits.
Understanding the IFSC Code
The IFSC code, which stands for Indian Financial System Code, is a unique 11-character code used to identify banks and their branches in India. It is essential for various banking transactions, such as fund transfers, bill payments, and more. The IFSC code consists of three main parts:
| Part | Character | Description |
|---|---|---|
| Bank Code | 4 characters | Unique code assigned to each bank |
| Branch Code | 5 characters | Unique code assigned to each branch of the bank |
| Check Digit | 2 characters | Calculated using a specific formula to ensure accuracy |
Now that you understand the structure of the IFSC code, let’s move on to the specific code for The Surat People’s Co-op Bank.
The Surat People’s Co-op Bank IFSC Code
The IFSC code for The Surat People’s Co-op Bank is SPBC0000001. This code is unique to the bank and its branches, ensuring that your transactions are processed correctly and efficiently.
How to Use the IFSC Code
Using the IFSC code for The Surat People’s Co-op Bank is quite simple. Here’s how you can do it:
- Open your banking app or website.
- Select the transaction type you want to perform, such as NEFT, RTGS, or IMPS.
- Enter the recipient’s account number.
- Enter the IFSC code for The Surat People’s Co-op Bank (SPBC0000001).
- Review the transaction details and confirm the payment.
Using the IFSC code ensures that your transaction is processed quickly and securely, as it helps the bank identify the recipient and the branch accurately.
Benefits of Using the IFSC Code
Using the IFSC code for The Surat People’s Co-op Bank offers several benefits:
- Accuracy: The IFSC code ensures that your transaction is processed to the correct bank and branch, reducing the chances of errors.
- Security: The unique code helps protect your transaction from fraud and unauthorized access.
- Speed: Using the IFSC code can speed up the processing of your transaction, as it eliminates the need for manual verification.
- Convenience: The IFSC code makes it easier to perform online banking transactions, as you don’t have to remember the branch address or contact details.
Additional Information About The Surat People’s Co-op Bank
The Surat People’s Co-op Bank is a well-established cooperative bank in Surat, India. It was founded in 1964 and has since grown to become one of the leading cooperative banks in the region. The bank offers a wide range of services, including savings accounts, fixed deposits, loans, and more.
Here are some key details about The Surat People’s Co-op Bank:
- Headquarters: Surat, Gujarat, India
- Branches: The bank has numerous branches across Surat and nearby districts.
- Services: Savings accounts, fixed deposits, loans, credit cards, and more.
- Customer Support: The bank offers customer support through various channels, including phone, email, and social media.
By using the IFSC code for The Surat People’s