IFSC Code, MICR Codes for KARNATAKA BANK LIMITED in MAHARASHTRA - MUMBAI - MUMBAI - SION EAST MUMBAI

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


IFSC Code

KARB0000085

MICR Code

400052007

Branch

SION EAST MUMBAI

Contact

24097928

Address

239-ANAMDEO PRASAD BUILDINGTAMIL SANGAM ROADSION(EAST)MUMBAI PIN - 400022

City

MUMBAI

District

MUMBAI

State

MAHARASHTRA





What is IFSC Code of KARNATAKA BANK LIMITED situated at SION EAST MUMBAI- RTGS-HO?
IFSC Code of KARNATAKA BANK LIMITED situated at SION EAST MUMBAI - RTGS-HO is

KARB0000085

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.