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 Sathagally branch in Mysore, Mysore, 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 Mysore or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0012434. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Gramin Bank, Sathagally, Mysore
The table below shows the main details of the IFSC Code PKGB0012434 for the Karnataka Gramin Bank branch in Mysore, which falls under the Mysore district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Gramin Bank |
| IFSC Code | PKGB0012434 |
| Branch | Sathagally |
| City | Mysore |
| District | Mysore |
| State | Karnataka |
| Address | Sathagally No 142 Balaji Complex Mahadevpura Main Road Ring Road 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 PKGB0012434 for the Sathagally 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 that is provided by the Reserve Bank of India. A unique IFSC like PKGB0012434 is given to every bank branch, including Karnataka Gramin Bank located in Sathagally, Mysore, 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 Mysore.
- 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 Mysore and Mysore.
- 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 Sathagally doesn't end up at another location.
Format of the IFSC Code PKGB0012434
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 Sathagally in Mysore.
For example, the IFSC Code PKGB0012434 of Karnataka Gramin Bank for the Sathagally branch includes these elements, identifying the bank and the branch location in Mysore and Karnataka correctly.
How to Find IFSC Code for Karnataka Gramin Bank?
If you are trying to find the IFSC Code PKGB0012434 of Karnataka Gramin Bank for its Sathagally branch located in Mysore, 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 Mysore and Mysore, 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 Sathagally or Mysore to get the exact IFSC Code PKGB0012434.
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 Mysore that will provide accurate information.
How to Use IFSC Code PKGB0012434 for Online Transfers?
Once you have the IFSC Code PKGB0012434 for the Sathagally branch of Karnataka Gramin Bank in Mysore, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code PKGB0012434. The transfer is completed in batches instead of instantly. It is useful for both 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 PKGB0012434.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Karnataka Gramin Bank Sathagally in Mysore, your payment can get delayed or might not go through at all.
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 Sathagally, 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 Sathagally Mysore branch is PKGB0012434.
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 Sathagally No 142 Balaji Complex Mahadevpura Main Road Ring Road Mysuru Taluk Mysuru District.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.