Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Karnataka Vikas Grameena Bank for its Karadagi branch in Savanur, Haveri, Karnataka, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Karnataka Vikas Grameena Bank located in Savanur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0007506. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Karadagi, Savanur
The table below shows the main details of the IFSC Code KVGB0007506 for the Karnataka Vikas Grameena Bank branch in Savanur, which falls under the Haveri district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0007506 |
| Branch | Karadagi |
| City | Savanur |
| District | Haveri |
| State | Karnataka |
| Address | Panchayat Building Karadagi Tq: Savanur Pin ┬Û 581 126 |
These details help users in online banking and for businesses and individuals who use Karnataka Vikas Grameena Bank in Savanur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVGB0007506 for the Karadagi 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 that is provided by the Reserve Bank of India. A unique IFSC like KVGB0007506 is given to every bank branch, including Karnataka Vikas Grameena Bank located in Karadagi, Savanur, 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 Savanur.
- 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 Savanur and Haveri.
- 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 Karadagi doesn't end up at another location.
Format of the IFSC Code KVGB0007506
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 Karadagi in Savanur.
For example, the IFSC Code KVGB0007506 of Karnataka Vikas Grameena Bank for the Karadagi branch includes these elements, identifying the bank and the branch location in Savanur and Karnataka accurately.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
If you are looking for the IFSC Code KVGB0007506 of Karnataka Vikas Grameena Bank for its Karadagi branch located in Savanur, 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 Savanur and Haveri, 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 Karadagi or Savanur to get the exact IFSC Code KVGB0007506.
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 Savanur, then it will provide you proper information.
How to Use IFSC Code KVGB0007506 for Online Transfers?
Once you have the IFSC Code KVGB0007506 for the Karadagi branch of Karnataka Vikas Grameena Bank in Savanur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code KVGB0007506. 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 KVGB0007506.
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 Karadagi in Savanur, 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 Karadagi, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Savanur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KVGB0007506.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Panchayat Building Karadagi Tq: Savanur Pin ┬Û 581 126 located in Savanur, Haveri, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.