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

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


IFSC Code

KARB0000163

MICR Code

600052019

Branch

VELACHERY

Contact

22593600

Address

D/NO-3 PLOT NO.14 SASHI NAGAR VELACHERY BYE PASS ROAD VELACHERY - 600042 GUINDY TALUK CHENNAI DIST.

City

VELACHERY

District

CHENNAI

State

TAMIL NADU





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

KARB0000163

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.