IFSC Code, MICR Codes for KARNATAKA BANK LIMITED in KARNATAKA - YADGIR - YADGIR - HOTHPET

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


IFSC Code

KARB0000340

MICR Code

585052507

Branch

HOTHPET

Contact

293511

Address

MAIN ROAD NEAR BUS STAND HOTHPET GRAMA PANCHAYAT VILLAGE HOTHPET - 585287

City

YADGIR

District

YADGIR

State

KARNATAKA





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

KARB0000340

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.