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 Devanagaon branch in Devangao, Bijapur, 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 Devangao or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0003406. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Devanagaon, Devangao
The table below shows the main details of the IFSC Code KVGB0003406 for the Karnataka Vikas Grameena Bank branch in Devangao, which falls under the Bijapur district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0003406 |
| Branch | Devanagaon |
| City | Devangao |
| District | Bijapur |
| State | Karnataka |
| Address | Devanagaon Branch Gram Panchayat Bldg,816/3, Main Road,Devanagaon-586 206, Tq: Sindagi. Dist :Bijapur |
These details help users in online banking and for businesses and individuals who use Karnataka Vikas Grameena Bank in Devangao for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVGB0003406 for the Devanagaon branch of Karnataka Vikas Grameena Bank has a very 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 Devanagaon, Devangao, Karnataka, are allotted a unique IFSC like KVGB0003406 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Devangao.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Devangao and Bijapur.
- 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 Devanagaon reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code KVGB0003406
This is the format of the IFSC Code for banks, including Karnataka Vikas Grameena Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Karnataka Vikas Grameena Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Devanagaon in Devangao.
For example, the IFSC Code KVGB0003406 of Karnataka Vikas Grameena Bank for the Devanagaon branch includes these elements, identifying the bank and the branch location in Devangao and Karnataka accurately.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
If you are trying to find the IFSC Code KVGB0003406 of Karnataka Vikas Grameena Bank for its Devanagaon branch located in Devangao, the following methods can help:
Cheque Book
The cheque book issued by Karnataka Vikas Grameena Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Karnataka Vikas Grameena Bank branches in Devangao and Bijapur, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Karnataka Vikas Grameena Bank and navigate to the branch locator section. Search for Devanagaon or Devangao to get the exact IFSC Code KVGB0003406.
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 keeps an updated list of all IFSC codes. If you search for Karnataka Vikas Grameena Bank and Devangao, you'll get the correct details.
How to Use IFSC Code KVGB0003406 for Online Transfers?
Once you have the IFSC Code KVGB0003406 for the Devanagaon branch of Karnataka Vikas Grameena Bank in Devangao, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code KVGB0003406. 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 KVGB0003406.
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 Devanagaon in Devangao, 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 Devanagaon, 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 Devangao to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is KVGB0003406.
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 Devanagaon Branch Gram Panchayat Bldg,816/3, Main Road,Devanagaon-586 206, Tq: Sindagi. Dist :Bijapur located in Devangao, Bijapur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.