Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Karnataka Bank Limited for its Panvel branch in Raigad, Mumbai, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Karnataka Bank Limited located in Raigad or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code KARB0000615. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Karnataka Bank Limited, Panvel, Raigad
Here are the main details that are associated with the IFSC Code KARB0000615 of Karnataka Bank Limited for its branch located in Raigad, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Karnataka Bank Limited |
| IFSC Code | KARB0000615 |
| Branch | Panvel |
| City | Raigad |
| District | Mumbai |
| State | Maharashtra |
| Address | Ground Floor Mtnl Building Near Shivaji Chowk Panvel 410 206 |
These details are essential not only for online banking users but also for businesses and individuals who use Karnataka Bank Limited in Raigad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KARB0000615 for the Panvel branch of Karnataka Bank Limited plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Karnataka Bank Limited located in Panvel, Raigad, Maharashtra, is provided with a unique IFSC like KARB0000615 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Karnataka Bank Limited branch in Raigad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Raigad and Mumbai.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Karnataka Bank Limited in Panvel do not get mixed with another location.
Format of the IFSC Code KARB0000615
The format of the IFSC Code for banks, including Karnataka Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Karnataka Bank Limited, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Panvel in Raigad.
For example, the IFSC Code KARB0000615 of Karnataka Bank Limited for the Panvel branch includes these elements, identifying the bank and the branch location in Raigad and Maharashtra accurately.
How to Find IFSC Code for Karnataka Bank Limited?
If you are trying to find the IFSC Code KARB0000615 of Karnataka Bank Limited for its Panvel branch located in Raigad, the following methods can help:
Cheque Book
The cheque books that are issued by Karnataka Bank Limited include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Karnataka Bank Limited branches in Raigad and Mumbai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Karnataka Bank Limited and find the branch locator section. Search for Panvel or Raigad to get the exact IFSC Code KARB0000615.
Mobile Banking App
If you use Karnataka Bank Limited's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Karnataka Bank Limited and Raigad that will provide accurate information.
How to Use IFSC Code KARB0000615 for Online Transfers?
If you have the IFSC Code KARB0000615 for the Panvel branch of Karnataka Bank Limited in Raigad, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KARB0000615. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Asks for the recipient's account details and Karnataka Bank Limited IFSC Code KARB0000615.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Karnataka Bank Limited Panvel in Raigad, it may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Karnataka Bank Limited in Panvel, here are some ways to obtain it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Karnataka Bank Limited website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Raigad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Panvel Raigad branch is KARB0000615.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Ground Floor Mtnl Building Near Shivaji Chowk Panvel 410 206.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.