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 Sherof Bazar branch in Gulbarga, Gulbarga, 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 Gulbarga or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0011173. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Gramin Bank, Sherof Bazar, Gulbarga
The table below shows the main details of the IFSC Code PKGB0011173 for the Karnataka Gramin Bank branch in Gulbarga, which falls under the Gulbarga district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0011173 |
| Branch | Sherof Bazar |
| City | Gulbarga |
| District | Gulbarga |
| State | Karnataka |
| Address | Sherof Bazar |
These details are essential not only for online banking users but also for businesses and individuals who use Karnataka Gramin Bank in Gulbarga for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0011173 for the Sherof Bazar 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 PKGB0011173 is given to every bank branch, including Karnataka Gramin Bank located in Sherof Bazar, Gulbarga, 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 Gulbarga.
- 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 Gulbarga and Gulbarga.
- 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 Sherof Bazar doesn't end up at another location.
Format of the IFSC Code PKGB0011173
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 Sherof Bazar in Gulbarga.
For example, the IFSC Code PKGB0011173 of Karnataka Gramin Bank for the Sherof Bazar branch includes these elements, identifying the bank and the branch location in Gulbarga and Karnataka correctly.
How to Find IFSC Code for Karnataka Gramin Bank?
If you are trying to find the IFSC Code PKGB0011173 of Karnataka Gramin Bank for its Sherof Bazar branch located in Gulbarga, 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 Gulbarga and Gulbarga, 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 Sherof Bazar or Gulbarga to get the exact IFSC Code PKGB0011173.
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 Gulbarga, you'll get the correct details.
How to Use IFSC Code PKGB0011173 for Online Transfers?
Once you have the IFSC Code PKGB0011173 for the Sherof Bazar branch of Karnataka Gramin Bank in Gulbarga, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PKGB0011173. 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 PKGB0011173.
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 Sherof Bazar in Gulbarga, 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 Gramin Bank in Sherof Bazar, 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 Gramin Bank website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Gulbarga manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PKGB0011173.
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 Sherof Bazar located in Gulbarga, Gulbarga, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.