The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Karnataka Gramin Bank for its Tyagarajnagar branch in Challakere, Chitradurga, Karnataka, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Karnataka Gramin Bank located in Challakere or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0010956. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Gramin Bank, Tyagarajnagar, Challakere
Below in the table are the key details related to IFSC Code PKGB0010956 of Karnataka Gramin Bank for its branch located in Challakere, within the district of Chitradurga in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0010956 |
| Branch | Tyagarajnagar |
| City | Challakere |
| District | Chitradurga |
| State | Karnataka |
| Address | The Manager,Pragathi Krishna Gramin Bank,Tyagaraj Nagar Branch,Challakere Tq,Chitradurga Dist |
These details are essential not only for online banking users but also for businesses and individuals who use Karnataka Gramin Bank in Challakere for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0010956 for the Tyagarajnagar 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 provided by the Reserve Bank of India. Every bank branch, along with Karnataka Gramin Bank located in Tyagarajnagar, Challakere, Karnataka, are given a unique IFSC like PKGB0010956 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Challakere.
- 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 Challakere and Chitradurga.
- 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 Tyagarajnagar 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 PKGB0010956
This is the format of the IFSC Code for banks, including Karnataka Gramin Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Karnataka Gramin Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Tyagarajnagar in Challakere.
For example, the IFSC Code PKGB0010956 of Karnataka Gramin Bank for the Tyagarajnagar branch includes these elements, identifying the bank and the branch location in Challakere and Karnataka accurately.
How to Find IFSC Code for Karnataka Gramin Bank?
If you are trying to find the IFSC Code PKGB0010956 of Karnataka Gramin Bank for its Tyagarajnagar branch located in Challakere, 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
You can easily find the IFSC and MICR codes because most banks, including Karnataka Gramin Bank branches in Challakere and Chitradurga, print them 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 Tyagarajnagar or Challakere to get the exact IFSC Code PKGB0010956.
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 Challakere, you'll get the correct details.
How to Use IFSC Code PKGB0010956 for Online Transfers?
Once you have the IFSC Code PKGB0010956 for the Tyagarajnagar branch of Karnataka Gramin Bank in Challakere, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PKGB0010956. Transfers are processed in batches. This is 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. Requires the recipient's account details and Karnataka Gramin Bank IFSC Code PKGB0010956.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Karnataka Gramin Bank Tyagarajnagar in Challakere may result in delayed or failed transactions.
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 Tyagarajnagar, 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 Challakere manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is PKGB0010956.
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 The Manager,Pragathi Krishna Gramin Bank,Tyagaraj Nagar Branch,Challakere Tq,Chitradurga Dist located in Challakere, Chitradurga, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.