IFSC Code of Karnataka Gramin Bank, Matamari, Raichur, Karnataka — PKGB0010744

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 Matamari branch in Raichur, 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 Raichur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code PKGB0010744. 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, Matamari, Raichur

The table below shows the main details of the IFSC Code PKGB0010744 for the Karnataka Gramin Bank branch in Raichur, which falls under the Raichur district in Karnataka.

These details are important not only for users using online banking but also for businesses and individuals who use Karnataka Gramin Bank in Raichur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code PKGB0010744 for the Matamari branch of Karnataka Gramin Bank is vital.

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 PKGB0010744 is given to every bank branch, including Karnataka Gramin Bank located in Matamari, Raichur, 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 Raichur.
• 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 Raichur and Raichur.
• 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 Matamari doesn't end up at another location.

Format of the IFSC Code PKGB0010744

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 Matamari in Raichur.

For example, the IFSC Code PKGB0010744 of Karnataka Gramin Bank for the Matamari branch includes these elements, identifying the bank and the branch location in Raichur and Karnataka correctly.

How to Find IFSC Code for Karnataka Gramin Bank?

If you are trying to find the IFSC Code PKGB0010744 of Karnataka Gramin Bank for its Matamari branch located in Raichur, the following methods can help:

Cheque Book

The cheque book issued by Karnataka Gramin Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Karnataka Gramin Bank branches in Raichur and Raichur, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Karnataka Gramin Bank and navigate to the branch locator section. Search for Matamari or Raichur to get the exact IFSC Code PKGB0010744.

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 keeps an updated list of all IFSC codes. If you search for Karnataka Gramin Bank and Raichur, you'll get the correct details.

How to Use IFSC Code PKGB0010744 for Online Transfers?

If you have the IFSC Code PKGB0010744 for the Matamari branch of Karnataka Gramin Bank in Raichur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code PKGB0010744. 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 PKGB0010744.

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 Matamari in Raichur, it 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 Matamari, 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 Raichur manage their online transfers and cheque clearances easily.