IFSC Code, MICR Codes for KARNATAKA BANK LIMITED in KARNATAKA - BENGALURU RURAL - BENGALURU - BUDIHAL GP

KARNATAKA BANK LIMITED RTGS HO Branch in BENGALURU - Address, IFSC, MICR Code


IFSC Code

KARB0000953

MICR Code

560052501

Branch

BUDIHAL GP

Contact

0

Address

NO 237BUDIHAL GP-562123 NELAMANAGALA TALUK

City

BENGALURU

District

BENGALURU RURAL

State

KARNATAKA





What is IFSC Code of KARNATAKA BANK LIMITED situated at BUDIHAL GP- RTGS-HO?
IFSC Code of KARNATAKA BANK LIMITED situated at BUDIHAL GP - RTGS-HO is

KARB0000953

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.