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 Hirebagewadi branch in Hire Bagewadi, Belgaum, 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 Hire Bagewadi or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0002206. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Hirebagewadi, Hire Bagewadi
Here are some of the key details that come with the IFSC Code KVGB0002206 of Karnataka Vikas Grameena Bank for its branch located in Hire Bagewadi, within the district of Belgaum in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0002206 |
| Branch | Hirebagewadi |
| City | Hire Bagewadi |
| District | Belgaum |
| State | Karnataka |
| Address | Hirebagewadi Branchm. P. Hadimani Building, Bailhongal Road, Hirebagewadi - 591 109. Tq. : Belgaum,┬Á Dist. : Belgaum |
These details are crucial, not just for online banking users but also for businesses and individuals who use Karnataka Vikas Grameena Bank in Hire Bagewadi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVGB0002206 for the Hirebagewadi 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 that is provided by the Reserve Bank of India. A unique IFSC like KVGB0002206 is given to every bank branch, including Karnataka Vikas Grameena Bank located in Hirebagewadi, Hire Bagewadi, 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 Hire Bagewadi.
- 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 Hire Bagewadi and Belgaum.
- 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 Hirebagewadi doesn't end up at another location.
Format of the IFSC Code KVGB0002206
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 Hirebagewadi in Hire Bagewadi.
For example, the IFSC Code KVGB0002206 of Karnataka Vikas Grameena Bank for the Hirebagewadi branch has these elements, identifying the bank and the branch location in Hire Bagewadi and Karnataka correctly.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
If you are trying to find the IFSC Code KVGB0002206 of Karnataka Vikas Grameena Bank for its Hirebagewadi branch located in Hire Bagewadi, 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
You can easily find the IFSC and MICR codes because most banks, including Karnataka Vikas Grameena Bank branches in Hire Bagewadi and Belgaum, print them 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 Hirebagewadi or Hire Bagewadi to get the exact IFSC Code KVGB0002206.
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 Hire Bagewadi, you'll get the correct details.
How to Use IFSC Code KVGB0002206 for Online Transfers?
Once you have the IFSC Code KVGB0002206 for the Hirebagewadi branch of Karnataka Vikas Grameena Bank in Hire Bagewadi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code KVGB0002206. 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 KVGB0002206.
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 Hirebagewadi in Hire Bagewadi, your payment can get delayed or might not go through at all.
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 Vikas Grameena Bank in Hirebagewadi, 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 Vikas Grameena Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Hire Bagewadi manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is KVGB0002206.
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 Hirebagewadi Branchm. P. Hadimani Building, Bailhongal Road, Hirebagewadi - 591 109. Tq. : Belgaum,┬Á Dist. : Belgaum located in Hire Bagewadi, Belgaum, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.