There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Karnataka Gramin Bank for its Mirkal branch in Basavakalyan, Bidar, Karnataka, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Karnataka Gramin Bank situated in Basavakalyan or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code PKGB0011169. You should 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, Mirkal, Basavakalyan
The table below shows the main details of the IFSC Code PKGB0011169 for the Karnataka Gramin Bank branch in Basavakalyan, which falls under the Bidar district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0011169 |
| Branch | Mirkal |
| City | Basavakalyan |
| District | Bidar |
| State | Karnataka |
| Address | Main Bazar Lane |
These details help users in online banking and for businesses and individuals who use Karnataka Gramin Bank in Basavakalyan for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0011169 for the Mirkal branch of Karnataka Gramin Bank has a very 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, along with Karnataka Gramin Bank located in Mirkal, Basavakalyan, Karnataka, are given a unique IFSC like PKGB0011169 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Basavakalyan.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Basavakalyan and Bidar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Karnataka Gramin Bank in Mirkal goes to the correct branch. This is important because Karnataka Gramin Bank has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code PKGB0011169
The format of the IFSC Code for banks, including Karnataka Gramin Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Karnataka Gramin Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Mirkal in Basavakalyan.
For example, the IFSC Code PKGB0011169 of Karnataka Gramin Bank for the Mirkal branch includes these elements, identifying the bank and the branch location in Basavakalyan and Karnataka accurately.
How to Find IFSC Code for Karnataka Gramin Bank?
If you are trying to find the IFSC Code PKGB0011169 of Karnataka Gramin Bank for its Mirkal branch located in Basavakalyan, the following methods can help:
Cheque Book
The cheque books that are issued by Karnataka Gramin Bank 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 Gramin Bank branches in Basavakalyan and Bidar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Karnataka Gramin Bank and find the branch locator section. Search for Mirkal or Basavakalyan to get the exact IFSC Code PKGB0011169.
Mobile Banking App
If you use Karnataka Gramin Bank'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 Gramin Bank and Basavakalyan that will provide accurate information.
How to Use IFSC Code PKGB0011169 for Online Transfers?
Once you have the IFSC Code PKGB0011169 for the Mirkal branch of Karnataka Gramin Bank in Basavakalyan, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PKGB0011169. 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 Gramin Bank IFSC Code PKGB0011169.
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 Gramin Bank Mirkal in Basavakalyan, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Karnataka Gramin Bank in Mirkal, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Karnataka Gramin Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Basavakalyan manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Mirkal Basavakalyan branch is PKGB0011169.
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 Main Bazar Lane.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.