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 Chamnal G P branch in Yadgir, Chamnal, or Karnataka, 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 Yadgir or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KARB0000173. 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, Chamnal G P, Yadgir
Here are the key points that are associated with the IFSC Code KARB0000173 of Karnataka Bank Limited for its branch located in Yadgir, within the district of Chamnal in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Bank Limited |
| IFSC Code | KARB0000173 |
| Branch | Chamnal G P |
| City | Yadgir |
| District | Chamnal |
| State | Karnataka |
| Address | D No 195, Ground Floor, Main Road, Chamnal Village & Grama Panchayat 585309, Shahapur Taluk |
These details are important not only for users using online banking but also for businesses and individuals who use Karnataka Bank Limited in Yadgir for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code KARB0000173 for the Chamnal G P branch of Karnataka Bank Limited is vital.
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, along with Karnataka Bank Limited located in Chamnal G P, Yadgir, Karnataka, are allotted a unique IFSC like KARB0000173 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Yadgir.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Yadgir and Chamnal.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Karnataka Bank Limited in Chamnal G P reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code KARB0000173
The format of the IFSC Code for banks, including Karnataka Bank Limited, has 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 Chamnal G P in Yadgir.
For example, the IFSC Code KARB0000173 of Karnataka Bank Limited for the Chamnal G P branch includes these elements, identifying the bank and the branch location in Yadgir and Karnataka correctly.
How to Find IFSC Code for Karnataka Bank Limited?
If you are trying to find the IFSC Code KARB0000173 of Karnataka Bank Limited for its Chamnal G P branch located in Yadgir, the following methods can help:
Cheque Book
The cheque book issued by Karnataka Bank Limited includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Karnataka Bank Limited branches in Yadgir and Chamnal, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Karnataka Bank Limited and navigate to the branch locator section. Search for Chamnal G P or Yadgir to get the exact IFSC Code KARB0000173.
Mobile Banking App
If you use Karnataka Bank Limited's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Karnataka Bank Limited and Yadgir, you'll get the correct details.
How to Use IFSC Code KARB0000173 for Online Transfers?
Once you have the IFSC Code KARB0000173 for the Chamnal G P branch of Karnataka Bank Limited in Yadgir, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KARB0000173. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Karnataka Bank Limited IFSC Code KARB0000173.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Karnataka Bank Limited Chamnal G P in Yadgir, it can 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 Chamnal G P, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Yadgir manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KARB0000173.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is D No 195, Ground Floor, Main Road, Chamnal Village & Grama Panchayat 585309, Shahapur Taluk located in Yadgir, Chamnal, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.