IFSC Code, MICR Codes for KARNATAKA BANK LIMITED in TAMIL NADU - CHENNAI - CHENNAI - MINT STREET CHENNAI

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


IFSC Code

KARB0000494

MICR Code

600052003

Branch

MINT STREET CHENNAI

Contact

23453242

Address

311MINT STREETIST FLOOR PARK TOWNCHENNAI PIN - 600003

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





What is IFSC Code of KARNATAKA BANK LIMITED situated at MINT STREET CHENNAI- RTGS-HO?
IFSC Code of KARNATAKA BANK LIMITED situated at MINT STREET CHENNAI - RTGS-HO is

KARB0000494

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.