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 Gramin Bank for its Hokrana branch in Aurad, Bidar, 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 Gramin Bank located in Aurad or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0011097. 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 Gramin Bank, Hokrana, Aurad
Below in the table are the key details related to IFSC Code PKGB0011097 of Karnataka Gramin Bank for its branch located in Aurad, within the district of Bidar in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0011097 |
| Branch | Hokrana |
| City | Aurad |
| District | Bidar |
| State | Karnataka |
| Address | Tq.Aurad Dist.Bidar |
These details are essential not only for online banking users but also for businesses and individuals who use Karnataka Gramin Bank in Aurad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0011097 for the Hokrana branch of Karnataka Gramin Bank 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 that is provided by the Reserve Bank of India. A unique IFSC like PKGB0011097 is given to every bank branch, including Karnataka Gramin Bank located in Hokrana, Aurad, Karnataka, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Karnataka Gramin Bank branch in Aurad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Aurad and Bidar.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for Karnataka Gramin Bank in Hokrana doesn't end up at another location.
Format of the IFSC Code PKGB0011097
The format of the IFSC Code for banks, including Karnataka Gramin Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Karnataka Gramin Bank, 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 Hokrana in Aurad.
For example, the IFSC Code PKGB0011097 of Karnataka Gramin Bank for the Hokrana branch includes these elements, identifying the bank and the branch location in Aurad and Karnataka correctly.
How to Find IFSC Code for Karnataka Gramin Bank?
If you are trying to find the IFSC Code PKGB0011097 of Karnataka Gramin Bank for its Hokrana branch located in Aurad, the following methods can help:
Cheque Book
The cheque book issued by Karnataka Gramin Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Karnataka Gramin Bank branches in Aurad and Bidar, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Karnataka Gramin Bank and navigate to the branch locator section. Search for Hokrana or Aurad to get the exact IFSC Code PKGB0011097.
Mobile Banking App
If you use Karnataka Gramin Bank'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 Gramin Bank and Aurad, you'll get the correct details.
How to Use IFSC Code PKGB0011097 for Online Transfers?
Once you have the IFSC Code PKGB0011097 for the Hokrana branch of Karnataka Gramin Bank in Aurad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PKGB0011097. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Karnataka Gramin Bank IFSC Code PKGB0011097.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Karnataka Gramin Bank Hokrana in Aurad, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Karnataka Gramin Bank in Hokrana, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Karnataka Gramin Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Aurad manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is PKGB0011097.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Tq.Aurad Dist.Bidar located in Aurad, Bidar, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.