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 Sathanur branch in Mandya, 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 Mandya or anywhere in Karnataka can easily transfer funds instantly by using the correct IFSC Code PKGB0012321. 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, Sathanur, Mandya
Here are the main details that are associated with the IFSC Code PKGB0012321 of Karnataka Gramin Bank for its branch located in Mandya, within the district of Mandya in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0012321 |
| Branch | Sathanur |
| City | Mandya |
| District | Mandya |
| State | Karnataka |
| Address | Sathanur Mandya Taluk Mandya District |
These details are crucial, not just for online banking users but also for businesses and individuals who use Karnataka Gramin Bank in Mandya for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0012321 for the Sathanur 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, along with Karnataka Gramin Bank located in Sathanur, Mandya, Karnataka, are allotted a unique IFSC like PKGB0012321 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Mandya.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Mandya 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 Sathanur reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code PKGB0012321
The format of the IFSC Code for banks, including Karnataka Gramin Bank, has 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 Sathanur in Mandya.
For example, the IFSC Code PKGB0012321 of Karnataka Gramin Bank for the Sathanur branch includes these elements, identifying the bank and the branch location in Mandya and Karnataka correctly.
How to Find IFSC Code for Karnataka Gramin Bank?
To find the IFSC Code PKGB0012321 of Karnataka Gramin Bank for its Sathanur branch located in Mandya, 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 Mandya 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 go to the branch locator section. Then search for Sathanur or Mandya to find the exact IFSC Code PKGB0012321.
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 Mandya will provide accurate information.
How to Use IFSC Code PKGB0012321 for Online Transfers?
If you have the IFSC Code PKGB0012321 for the Sathanur branch of Karnataka Gramin Bank in Mandya, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PKGB0012321. 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 PKGB0012321.
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 Sathanur in Mandya, it may 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 Sathanur, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Mandya manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is PKGB0012321.
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 Sathanur Mandya Taluk Mandya District located in Mandya, Mandya, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.