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 Vikas Grameena Bank for its Aremallapur branch in Aremallapur, Haveri, 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 Vikas Grameena Bank located in Aremallapur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0007401. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Aremallapur, Aremallapur
Below in the table are the key details related to IFSC Code KVGB0007401 of Karnataka Vikas Grameena Bank for its branch located in Aremallapur, within the district of Haveri in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0007401 |
| Branch | Aremallapur |
| City | Aremallapur |
| District | Haveri |
| State | Karnataka |
| Address | Aremallapur Branch Giddappanavar Building, Aremallapur - 581 221.Tq. : Ranebennur, Dist. : Haveri. |
These details helps users in online banking and for businesses and individuals who use Karnataka Vikas Grameena Bank in Aremallapur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVGB0007401 for the Aremallapur branch of Karnataka Vikas Grameena Bank plays a vital 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 KVGB0007401 is given to every bank branch, including Karnataka Vikas Grameena Bank located in Aremallapur, Aremallapur, Karnataka, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Karnataka Vikas Grameena Bank branch in Aremallapur.
- 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 Aremallapur and Haveri.
- 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 Vikas Grameena Bank in Aremallapur doesn't end up at another location.
Format of the IFSC Code KVGB0007401
The format of the IFSC Code for banks, including Karnataka Vikas Grameena Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Karnataka Vikas Grameena Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Aremallapur in Aremallapur.
For example, the IFSC Code KVGB0007401 of Karnataka Vikas Grameena Bank for the Aremallapur branch has these elements, identifying the bank and the branch location in Aremallapur and Karnataka correctly.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
If you are trying to find the IFSC Code KVGB0007401 of Karnataka Vikas Grameena Bank for its Aremallapur branch located in Aremallapur, the following methods can help:
Cheque Book
The cheque books that are issued by Karnataka Vikas Grameena 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 Vikas Grameena Bank branches in Aremallapur and Haveri, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Karnataka Vikas Grameena Bank and find the branch locator section. Search for Aremallapur or Aremallapur to get the exact IFSC Code KVGB0007401.
Mobile Banking App
If you use Karnataka Vikas Grameena 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 Vikas Grameena Bank and Aremallapur that will provide accurate information.
How to Use IFSC Code KVGB0007401 for Online Transfers?
Once you have the IFSC Code KVGB0007401 for the Aremallapur branch of Karnataka Vikas Grameena Bank in Aremallapur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code KVGB0007401. 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 Vikas Grameena Bank IFSC Code KVGB0007401.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Karnataka Vikas Grameena Bank Aremallapur in Aremallapur, your payment can get delayed or might not go through at all.
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 Vikas Grameena Bank in Aremallapur, 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 Vikas Grameena Bank website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Aremallapur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KVGB0007401.
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 Aremallapur Branch Giddappanavar Building, Aremallapur - 581 221.Tq. : Ranebennur, Dist. : Haveri. located in Aremallapur, Haveri, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.