IFSC Code, MICR Codes for KARNATAKA BANK LIMITED in KARNATAKA - CHICKMAGALUR - BANAKAL - BANKAL

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


IFSC Code

KARB0000069

MICR Code

577052527

Branch

BANKAL

Contact

232229

Address

IFLOORPADMASHALIK.M.ROADBANAKALMUDIGERE TALUK PIN - 577113

City

BANAKAL

District

CHICKMAGALUR

State

KARNATAKA





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

KARB0000069

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.