There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Karnataka Gramin Bank for its Yadaganahalli branch in Maddur, Mandya, Karnataka, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Karnataka Gramin Bank situated in Maddur or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code PKGB0012306. You should 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, Yadaganahalli, Maddur
The table below shows the main details of the IFSC Code PKGB0012306 for the Karnataka Gramin Bank branch in Maddur, which falls under the Mandya district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0012306 |
| Branch | Yadaganahalli |
| City | Maddur |
| District | Mandya |
| State | Karnataka |
| Address | Yadaganahalli Maddur Taluk Mandya District |
These details are essential not only for online banking users but also for businesses and individuals who use Karnataka Gramin Bank in Maddur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0012306 for the Yadaganahalli 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 provided by the Reserve Bank of India. Every bank branch, along with Karnataka Gramin Bank located in Yadaganahalli, Maddur, Karnataka, are allotted a unique IFSC like PKGB0012306 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Maddur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Maddur and Mandya.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Karnataka Gramin Bank in Yadaganahalli reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code PKGB0012306
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 Yadaganahalli in Maddur.
For example, the IFSC Code PKGB0012306 of Karnataka Gramin Bank for the Yadaganahalli 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 PKGB0012306 of Karnataka Gramin Bank for its Yadaganahalli branch located in Maddur, the following methods can help:
Cheque Book
The cheque books that are issued by Karnataka Gramin Bank include the IFSC Code which is printed on each cheque and you can easily spot the code 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 the passbook.
Bank Website
Visit the official website of Karnataka Gramin Bank and find the branch locator section. Search for Yadaganahalli or Maddur to get the exact IFSC Code PKGB0012306.
Mobile Banking App
If you use Karnataka Gramin Bank's mobile app, you can easily 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 to help you in searching for Karnataka Gramin Bank and Maddur that will provide accurate information.
How to Use IFSC Code PKGB0012306 for Online Transfers?
Once you have the IFSC Code PKGB0012306 for the Yadaganahalli 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 PKGB0012306. 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 PKGB0012306.
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 Yadaganahalli in Maddur 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 Yadaganahalli, 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 Maddur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is PKGB0012306.
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 Yadaganahalli 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.