IFSC Code, MICR Codes for KARNATAKA BANK LIMITED in KARNATAKA - RAMANAGARAM - MAGADI - MAGADI

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


IFSC Code

KARB0000581

MICR Code

560052080

Branch

MAGADI

Contact

9972165689

Address

VASAVI TEMPLE STREET RAMA MANDIR ROAD MAGADI 562 120

City

MAGADI

District

RAMANAGARAM

State

KARNATAKA





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

KARB0000581

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.