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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Karnataka Gramin Bank for its Byagavat branch in Manvi, Raichur, Karnataka, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Karnataka Gramin Bank located in Manvi or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0010906. 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, Byagavat, Manvi
Below in the table are the key details related to IFSC Code PKGB0010906 of Karnataka Gramin Bank for its branch located in Manvi, within the district of Raichur in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0010906 |
| Branch | Byagavat |
| City | Manvi |
| District | Raichur |
| State | Karnataka |
| Address | The Manager,Pragathi Krishna Gramin Bank,Byagavat Branch,Manvi Taluk,Raichur District,Pin584 120 |
These details helps users in online banking and for businesses and individuals who use Karnataka Gramin Bank in Manvi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0010906 for the Byagavat 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Karnataka Gramin Bank located in Byagavat, Manvi, Karnataka, is provided a unique IFSC like PKGB0010906 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Karnataka Gramin Bank branch in Manvi.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Manvi and Raichur.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Karnataka and the rest of India, the IFSC Code ensures that transactions meant for Karnataka Gramin Bank in Byagavat do not get misguided to another person.
Format of the IFSC Code PKGB0010906
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 Byagavat in Manvi.
For example, the IFSC Code PKGB0010906 of Karnataka Gramin Bank for the Byagavat branch includes these elements, identifying the bank and the branch location in Manvi and Karnataka correctly.
How to Find IFSC Code for Karnataka Gramin Bank?
To find the IFSC Code PKGB0010906 of Karnataka Gramin Bank for its Byagavat branch located in Manvi, 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 Manvi and Raichur, 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 Byagavat or Manvi to find the exact IFSC Code PKGB0010906.
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 Manvi will provide accurate information.
How to Use IFSC Code PKGB0010906 for Online Transfers?
Once you have the IFSC Code PKGB0010906 for the Byagavat branch of Karnataka Gramin Bank in Manvi, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PKGB0010906. 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 PKGB0010906.
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 Byagavat in Manvi, it can 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 Byagavat, 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 Manvi manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Byagavat Manvi branch is PKGB0010906.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at The Manager,Pragathi Krishna Gramin Bank,Byagavat Branch,Manvi Taluk,Raichur District,Pin584 120.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.