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 Muduru branch in Byndoor, Udipi, 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 Byndoor or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0008109. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Muduru, Byndoor
The table below shows the main details of the IFSC Code KVGB0008109 for the Karnataka Vikas Grameena Bank branch in Byndoor, which falls under the Udipi district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0008109 |
| Branch | Muduru |
| City | Byndoor |
| District | Udipi |
| State | Karnataka |
| Address | St. Mary Church Complex, Ist Floor, Udaya Nagar, Muduru |
These details are crucial, not just for online banking users but also for businesses and individuals who use Karnataka Vikas Grameena Bank in Byndoor for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVGB0008109 for the Muduru branch of Karnataka Vikas Grameena Bank has 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, along with Karnataka Vikas Grameena Bank located in Muduru, Byndoor, Karnataka, are allotted a unique IFSC like KVGB0008109 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Byndoor.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Byndoor and Udipi.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Karnataka Vikas Grameena Bank in Muduru reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code KVGB0008109
The format of the IFSC Code for banks, including Karnataka Vikas Grameena Bank, has 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 Muduru in Byndoor.
For example, the IFSC Code KVGB0008109 of Karnataka Vikas Grameena Bank for the Muduru branch includes these elements, identifying the bank and the branch location in Byndoor and Karnataka correctly.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
If you are looking for the IFSC Code KVGB0008109 of Karnataka Vikas Grameena Bank for its Muduru branch located in Byndoor, the following methods can help:
Cheque Book
The cheque book that is issued by Karnataka Vikas Grameena 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 Vikas Grameena Bank branches in Byndoor and Udipi, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Karnataka Vikas Grameena Bank and look for the branch locator section, then search for Muduru or Byndoor to get the exact IFSC Code KVGB0008109.
Mobile Banking App
If you use Karnataka Vikas Grameena 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 Vikas Grameena Bank and Byndoor, then it will provide you proper information.
How to Use IFSC Code KVGB0008109 for Online Transfers?
Once you have the IFSC Code KVGB0008109 for the Muduru branch of Karnataka Vikas Grameena Bank in Byndoor, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KVGB0008109. Transfers are processed in batches. This is 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. Requires the recipient's account details and Karnataka Vikas Grameena Bank IFSC Code KVGB0008109.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Karnataka Vikas Grameena Bank Muduru in Byndoor 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 Vikas Grameena Bank in Muduru, 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 Vikas Grameena Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Byndoor manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KVGB0008109.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is St. Mary Church Complex, Ist Floor, Udaya Nagar, Muduru located in Byndoor, Udipi, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.