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 Hosahundi branch in Mysore, Mysore, 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 Mysore or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0012351. 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, Hosahundi, Mysore
The table below shows the main details of the IFSC Code PKGB0012351 for the Karnataka Gramin Bank branch in Mysore, which falls under the Mysore district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0012351 |
| Branch | Hosahundi |
| City | Mysore |
| District | Mysore |
| State | Karnataka |
| Address | S G S Ashram Kasab Hobli Mysuru Taluk Mysuru District |
These details are essential not only for online banking users but also for businesses and individuals who use Karnataka Gramin Bank in Mysore for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code PKGB0012351 for the Hosahundi 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Karnataka Gramin Bank located in Hosahundi, Mysore, Karnataka, is provided a unique IFSC like PKGB0012351 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Karnataka Gramin Bank branch in Mysore.
- 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 Mysore and Mysore.
- 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 Hosahundi do not get misguided to another person.
Format of the IFSC Code PKGB0012351
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 Hosahundi in Mysore.
For example, the IFSC Code PKGB0012351 of Karnataka Gramin Bank for the Hosahundi branch includes these elements, identifying the bank and the branch location in Mysore and Karnataka accurately.
How to Find IFSC Code for Karnataka Gramin Bank?
If you are looking for the IFSC Code PKGB0012351 of Karnataka Gramin Bank for its Hosahundi branch located in Mysore, the following methods can help:
Cheque Book
The cheque book that is issued by Karnataka Gramin Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Karnataka Gramin Bank branches in Mysore and Mysore, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Karnataka Gramin Bank and look for the branch locator section, then search for Hosahundi or Mysore to get the exact IFSC Code PKGB0012351.
Mobile Banking App
If you use Karnataka Gramin Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Karnataka Gramin Bank and Mysore, then it will provide you proper information.
How to Use IFSC Code PKGB0012351 for Online Transfers?
If you have the IFSC Code PKGB0012351 for the Hosahundi branch of Karnataka Gramin Bank in Mysore, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code PKGB0012351. 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 PKGB0012351.
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 Hosahundi in Mysore, it 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 Hosahundi, 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 Mysore manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Hosahundi Mysore branch is PKGB0012351.
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 S G S Ashram Kasab Hobli Mysuru Taluk Mysuru District.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.