IFSC Code, MICR Codes for KARNATAKA BANK LIMITED in KARNATAKA - KOLAR - KOLAR - KOLAR

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


IFSC Code

KARB0000424

MICR Code

563052102

Branch

KOLAR

Contact

224634

Address

2ND CROSSM.G.ROADKOLAR PIN - 563101

City

KOLAR

District

KOLAR

State

KARNATAKA





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

KARB0000424

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.