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 Satalagaon P I branch in Bikapur, Vijayapur, 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 Bikapur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0003213. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Satalagaon P I, Bikapur
Here are some of the key details that come with the IFSC Code KVGB0003213 of Karnataka Vikas Grameena Bank for its branch located in Bikapur, within the district of Vijayapur in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0003213 |
| Branch | Satalagaon P I |
| City | Bikapur |
| District | Vijayapur |
| State | Karnataka |
| Address | Karnataka Vikas Grameena Bank, Gram Panchayat Building, Tqindi, Dist Vijayapur Pincode 586217 |
These details are essential not only for online banking users but also for businesses and individuals who use Karnataka Vikas Grameena Bank in Bikapur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVGB0003213 for the Satalagaon P I branch of Karnataka Vikas Grameena 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 provided by the Reserve Bank of India. Every bank branch, including Karnataka Vikas Grameena Bank located in Satalagaon P I, Bikapur, Karnataka, is provided with a unique IFSC like KVGB0003213 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Karnataka Vikas Grameena Bank branch in Bikapur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Bikapur and Vijayapur.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Karnataka Vikas Grameena Bank in Satalagaon P I do not get mixed with another location.
Format of the IFSC Code KVGB0003213
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): Show the bank code. For Karnataka Vikas Grameena 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 Satalagaon P I in Bikapur.
For example, the IFSC Code KVGB0003213 of Karnataka Vikas Grameena Bank for the Satalagaon P I branch includes these elements, identifying the bank and the branch location in Bikapur and Karnataka accurately.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
To find the IFSC Code KVGB0003213 of Karnataka Vikas Grameena Bank for its Satalagaon P I branch located in Bikapur, the following methods can help you out:
Cheque Book
The cheque book issued by Karnataka Vikas Grameena 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 Vikas Grameena Bank branches in Bikapur and Vijayapur, 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 go to the branch locator section. Then search for Satalagaon P I or Bikapur to find the exact IFSC Code KVGB0003213.
Mobile Banking App
If you use Karnataka Vikas Grameena 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 Vikas Grameena Bank and Bikapur will provide accurate information.
How to Use IFSC Code KVGB0003213 for Online Transfers?
Once you have the IFSC Code KVGB0003213 for the Satalagaon P I branch of Karnataka Vikas Grameena Bank in Bikapur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code KVGB0003213. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 KVGB0003213.
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 Satalagaon P I in Bikapur, 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 Satalagaon P I, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Bikapur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is KVGB0003213.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Karnataka Vikas Grameena Bank, Gram Panchayat Building, Tqindi, Dist Vijayapur Pincode 586217 located in Bikapur, Vijayapur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.