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 K.Honnalagere branch in Maddur, Mandya, 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 Maddur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0012387. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Gramin Bank, K.Honnalagere, Maddur
Below in the table are the key details related to IFSC Code PKGB0012387 of Karnataka Gramin Bank for its branch located in Maddur, within the district of Mandya in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0012387 |
| Branch | K.Honnalagere |
| City | Maddur |
| District | Mandya |
| State | Karnataka |
| Address | K Honnalagere Maddur Taluk Mandya District |
These details helps users in online banking and for businesses and individuals who use Karnataka Gramin Bank in Maddur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0012387 for the K.Honnalagere 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 that is provided by the Reserve Bank of India. A unique IFSC like PKGB0012387 is given to every bank branch, including Karnataka Gramin Bank located in K.Honnalagere, Maddur, 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 Maddur.
- 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 Maddur and Mandya.
- 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 K.Honnalagere doesn't end up at another location.
Format of the IFSC Code PKGB0012387
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): 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 K.Honnalagere in Maddur.
For example, the IFSC Code PKGB0012387 of Karnataka Gramin Bank for the K.Honnalagere branch includes these elements, identifying the bank and the branch location in Maddur and Karnataka accurately.
How to Find IFSC Code for Karnataka Gramin Bank?
If you are trying to find the IFSC Code PKGB0012387 of Karnataka Gramin Bank for its K.Honnalagere branch located in Maddur, 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 Maddur and Mandya, 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 K.Honnalagere or Maddur to get the exact IFSC Code PKGB0012387.
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 Maddur, you'll get the correct details.
How to Use IFSC Code PKGB0012387 for Online Transfers?
Once you have the IFSC Code PKGB0012387 for the K.Honnalagere branch of Karnataka Gramin Bank in Maddur, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PKGB0012387. 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 PKGB0012387.
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 K.Honnalagere in Maddur may result in delayed or failed transactions.
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 K.Honnalagere, 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 Maddur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PKGB0012387.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is K Honnalagere Maddur Taluk Mandya District located in Maddur, Mandya, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.