IFSC Code, MICR Codes for KARNATAKA BANK LIMITED in KARNATAKA - KODAGU - MADIKERI - MADIKERI

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


IFSC Code

KARB0000481

MICR Code

571052152

Branch

MADIKERI

Contact

229688

Address

GREEN HAVENKOHINOOR ROADMADIKERI PIN - 571201

City

MADIKERI

District

KODAGU

State

KARNATAKA





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

KARB0000481

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.