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 Mamadapur branch in Mamadapur, Chikkodi, 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 Mamadapur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0002406. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Mamadapur, Mamadapur
Here are the main details that are associated with the IFSC Code KVGB0002406 of Karnataka Vikas Grameena Bank for its branch located in Mamadapur, within the district of Chikkodi in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0002406 |
| Branch | Mamadapur |
| City | Mamadapur |
| District | Chikkodi |
| State | Karnataka |
| Address | Mamadapur Branch Chikkannavar Building, H. No. 1365, Near Bus Stand, Mamadapur - 591 233. Tq. : Gokak,┬Á Dist. : Belgaum┬Á |
These details are essential not only for online banking users but also for businesses and individuals who use Karnataka Vikas Grameena Bank in Mamadapur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVGB0002406 for the Mamadapur 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 that is provided by the Reserve Bank of India. A unique IFSC like KVGB0002406 is given to every bank branch, including Karnataka Vikas Grameena Bank located in Mamadapur, Mamadapur, 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 Mamadapur.
- 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 Mamadapur and Chikkodi.
- 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 Mamadapur doesn't end up at another location.
Format of the IFSC Code KVGB0002406
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 Mamadapur in Mamadapur.
For example, the IFSC Code KVGB0002406 of Karnataka Vikas Grameena Bank for the Mamadapur branch includes these elements, identifying the bank and the branch location in Mamadapur and Karnataka accurately.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
To find the IFSC Code KVGB0002406 of Karnataka Vikas Grameena Bank for its Mamadapur branch located in Mamadapur, 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 Mamadapur and Chikkodi, 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 Mamadapur or Mamadapur to find the exact IFSC Code KVGB0002406.
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 Mamadapur will provide accurate information.
How to Use IFSC Code KVGB0002406 for Online Transfers?
Once you have the IFSC Code KVGB0002406 for the Mamadapur branch of Karnataka Vikas Grameena Bank in Mamadapur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KVGB0002406. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Karnataka Vikas Grameena Bank IFSC Code KVGB0002406.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Karnataka Vikas Grameena Bank Mamadapur in Mamadapur, it can result in delayed or failed transactions.
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 Mamadapur, 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 Mamadapur manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Mamadapur Mamadapur branch is KVGB0002406.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Mamadapur Branch Chikkannavar Building, H. No. 1365, Near Bus Stand, Mamadapur - 591 233. Tq. : Gokak,┬Á Dist. : Belgaum┬Á.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.