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 Arehalli branch in Holalkere, 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 Holalkere or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0010524. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Gramin Bank, Arehalli, Holalkere
The table below shows the main details of the IFSC Code PKGB0010524 for the Karnataka Gramin Bank branch in Holalkere, which falls under the Chitradurga district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0010524 |
| Branch | Arehalli |
| City | Holalkere |
| District | Chitradurga |
| State | Karnataka |
| Address | The Manager,Pragathi Krishna Gramin Bank,Arehalli Branch,Holalkere Taluk,Chitradurga District,Pin577 518 |
These details help users in online banking and for businesses and individuals who use Karnataka Gramin Bank in Holalkere for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0010524 for the Arehalli 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, including Karnataka Gramin Bank located in Arehalli, Holalkere, Karnataka, is provided with a unique IFSC like PKGB0010524 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Karnataka Gramin Bank branch in Holalkere.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Holalkere and Chitradurga.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Karnataka Gramin Bank in Arehalli do not get mixed with another location.
Format of the IFSC Code PKGB0010524
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 Arehalli in Holalkere.
For example, the IFSC Code PKGB0010524 of Karnataka Gramin Bank for the Arehalli branch includes these elements, identifying the bank and the branch location in Holalkere and Karnataka accurately.
How to Find IFSC Code for Karnataka Gramin Bank?
If you are trying to find the IFSC Code PKGB0010524 of Karnataka Gramin Bank for its Arehalli branch located in Holalkere, 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 Holalkere and Chitradurga, 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 Arehalli or Holalkere to get the exact IFSC Code PKGB0010524.
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 Holalkere, you'll get the correct details.
How to Use IFSC Code PKGB0010524 for Online Transfers?
If you have the IFSC Code PKGB0010524 for the Arehalli branch of Karnataka Gramin Bank in Holalkere, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PKGB0010524. Transfers are processed in batches. 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. Asks for the recipient's account details and Karnataka Gramin Bank IFSC Code PKGB0010524.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Karnataka Gramin Bank Arehalli in Holalkere, it 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 Arehalli, 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 Holalkere manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is PKGB0010524.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is The Manager,Pragathi Krishna Gramin Bank,Arehalli Branch,Holalkere Taluk,Chitradurga District,Pin577 518 located in Holalkere, Chitradurga, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.