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 Devasamudra branch in Hospet, Bellary, 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 Hospet or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0010592. 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, Devasamudra, Hospet
The table below shows the main details of the IFSC Code PKGB0010592 for the Karnataka Gramin Bank branch in Hospet, which falls under the Bellary district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0010592 |
| Branch | Devasamudra |
| City | Hospet |
| District | Bellary |
| State | Karnataka |
| Address | The Manager, Pragathi Krishna Gramin Bank,Devasamudra Branch Hospet Taluk Bellary District Pin - 583 129 |
These details helps users in online banking and for businesses and individuals who use Karnataka Gramin Bank in Hospet for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0010592 for the Devasamudra branch of Karnataka Gramin Bank plays a vital 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 Devasamudra, Hospet, Karnataka, are given a unique IFSC like PKGB0010592 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Hospet.
- 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 Hospet and Bellary.
- 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 Devasamudra 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 PKGB0010592
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 Devasamudra in Hospet.
For example, the IFSC Code PKGB0010592 of Karnataka Gramin Bank for the Devasamudra branch includes these elements, identifying the bank and the branch location in Hospet and Karnataka accurately.
How to Find IFSC Code for Karnataka Gramin Bank?
To find the IFSC Code PKGB0010592 of Karnataka Gramin Bank for its Devasamudra branch located in Hospet, the following methods can help you out:
Cheque Book
The cheque book issued by Karnataka Gramin Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Karnataka Gramin Bank branches in Hospet and Bellary, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Karnataka Gramin Bank and go to the branch locator section. Then search for Devasamudra or Hospet to find the exact IFSC Code PKGB0010592.
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 maintains an updated database of all IFSC codes. Searching for Karnataka Gramin Bank and Hospet will provide accurate information.
How to Use IFSC Code PKGB0010592 for Online Transfers?
Once you have the IFSC Code PKGB0010592 for the Devasamudra branch of Karnataka Gramin Bank in Hospet, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PKGB0010592. 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 PKGB0010592.
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 Devasamudra in Hospet, 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 Devasamudra, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Hospet to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is PKGB0010592.
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,Devasamudra Branch Hospet Taluk Bellary District Pin - 583 129 located in Hospet, Bellary, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.