For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Karnataka Gramin Bank for its Ghat Boral branch in Humnabad, Bidar, Karnataka, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Karnataka Gramin Bank located in Humnabad or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0011062. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Karnataka Gramin Bank, Ghat Boral, Humnabad
Here are the main details that are associated with the IFSC Code PKGB0011062 of Karnataka Gramin Bank for its branch located in Humnabad, within the district of Bidar in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0011062 |
| Branch | Ghat Boral |
| City | Humnabad |
| District | Bidar |
| State | Karnataka |
| Address | Tq.Humnabad Dist.Bidar |
These details are crucial, not just for online banking users but also for businesses and individuals who use Karnataka Gramin Bank in Humnabad for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0011062 for the Ghat Boral branch of Karnataka Gramin Bank has 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, including Karnataka Gramin Bank located in Ghat Boral, Humnabad, Karnataka, is provided with a unique IFSC like PKGB0011062 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Karnataka Gramin Bank branch in Humnabad.
- 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 Humnabad and Bidar.
- 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 Ghat Boral do not get mixed with another location.
Format of the IFSC Code PKGB0011062
The format of the IFSC Code for banks, including Karnataka Gramin Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Karnataka Gramin Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Ghat Boral in Humnabad.
For example, the IFSC Code PKGB0011062 of Karnataka Gramin Bank for the Ghat Boral branch has these elements, identifying the bank and the branch location in Humnabad and Karnataka correctly.
How to Find IFSC Code for Karnataka Gramin Bank?
To find the IFSC Code PKGB0011062 of Karnataka Gramin Bank for its Ghat Boral branch located in Humnabad, 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 Humnabad 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 go to the branch locator section. Then search for Ghat Boral or Humnabad to find the exact IFSC Code PKGB0011062.
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 Humnabad will provide accurate information.
How to Use IFSC Code PKGB0011062 for Online Transfers?
Once you have the IFSC Code PKGB0011062 for the Ghat Boral branch of Karnataka Gramin Bank in Humnabad, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PKGB0011062. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 PKGB0011062.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Karnataka Gramin Bank Ghat Boral in Humnabad, your payment can get delayed or might not go through at all.
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 Ghat Boral, 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 Humnabad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PKGB0011062.
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 Tq.Humnabad Dist.Bidar located in Humnabad, Bidar, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.