IFSC Code of Suco Souharda Sahakari Bank Limited, Channagiri Branch, Karnataka

Use this page as a one-stop reference for everything related to Suco Souharda Sahakari Bank Limited's CHANNAGIRI branch in CHANNAGIRI, KARNATAKA. The branch's IFSC code SUSB0000023 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For Suco Souharda Sahakari Bank Limited's CHANNAGIRI branch, the IFSC SUSB0000023 breaks down as follows: SUSB identifies the bank, 0 is the reserved character, and 000023 identifies this particular branch.

About Suco Souharda Sahakari Bank Limited

Suco Souharda Sahakari Bank Limited operates a wide network of branches across India, including the Channagiri branch in Channagiri. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, SUSB0000023.

Branch details at a glance

About the Channagiri branch

The Channagiri branch of Suco Souharda Sahakari Bank Limited is situated at MARULA SIDDESHWARA COMPLEX,WARD NO.7,ASSESSMENT NO.2650,CHANNAGIRI-582113. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code SUSB0000023 is used.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Suco Souharda Sahakari Bank Limited's CHANNAGIRI branch came to be assigned the code SUSB0000023.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC SUSB0000023, money simply cannot be routed to the CHANNAGIRI branch electronically.

Products and account variants supported

Every account opened at the Channagiri branch is mapped to IFSC SUSB0000023 on the RBI payments network. The branch generally supports the full retail product catalogue of Suco Souharda Sahakari Bank Limited, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains SUSB0000023.

Banking services available

The Channagiri branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 8189-227223.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC SUSB0000023

How to transfer money using IFSC SUSB0000023

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC SUSB0000023 across all three.

NEFT to Suco Souharda Sahakari Bank Limited, CHANNAGIRI using IFSC SUSB0000023

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC SUSB0000023, and confirm that the system picks up Suco Souharda Sahakari Bank Limited – CHANNAGIRI. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC SUSB0000023

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Suco Souharda Sahakari Bank Limited – CHANNAGIRI, ensure your bank's portal accepts IFSC SUSB0000023 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Suco Souharda Sahakari Bank Limited CHANNAGIRI (IFSC SUSB0000023)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SUSB0000023 in your mobile or internet banking app, and the money is credited to the CHANNAGIRI branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Channagiri

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC SUSB0000023:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at CHANNAGIRI is still linked to IFSC SUSB0000023.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Suco Souharda Sahakari Bank Limited's CHANNAGIRI branch, the IFSC SUSB0000023 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Digital banking channels

Most day-to-day work that customers used to do at the Channagiri branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC SUSB0000023 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Suco Souharda Sahakari Bank Limited carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC SUSB0000023 and the account number together uniquely identify the Channagiri branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Common mistakes to avoid when using IFSC SUSB0000023

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Suco Souharda Sahakari Bank Limited – CHANNAGIRI, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: SUSB0000023.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

Reaching the branch

The Channagiri branch sits at MARULA SIDDESHWARA COMPLEX,WARD NO.7,ASSESSMENT NO.2650,CHANNAGIRI-582113. If you are travelling from outside Channagiri, search for the branch on a maps application using the bank name and locality, or call 8189-227223 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC SUSB0000023 and your account number.

Verifying IFSC SUSB0000023 from official sources

The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm SUSB0000023 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on 8189-227223.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Channagiri are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to SUSB0000023 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: SUSB0000023 is the IFSC code of Suco Souharda Sahakari Bank Limited, CHANNAGIRI branch, in CHANNAGIRI, KARNATAKA. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.