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 Shiraguppi branch in Shirguppi, 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 Shirguppi or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0002011. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Shiraguppi, Shirguppi
Here are the main details that are associated with the IFSC Code KVGB0002011 of Karnataka Vikas Grameena Bank for its branch located in Shirguppi, within the district of Chikkodi in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0002011 |
| Branch | Shiraguppi |
| City | Shirguppi |
| District | Chikkodi |
| State | Karnataka |
| Address | Shiraguppi Branchbhagyalaxmi Lift Irrigation Society Building, Kagawad Road, Shiraguppi - 591 242. Tq. : Athani,┬Á Dist. : Belgaum.┬Á┬Á┬Á┬Á |
These details are important not only for users using online banking but also for businesses and individuals who use Karnataka Vikas Grameena Bank in Shirguppi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code KVGB0002011 for the Shiraguppi branch of Karnataka Vikas Grameena Bank is vital.
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 Shiraguppi, Shirguppi, Karnataka, are given a unique IFSC like KVGB0002011 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Shirguppi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Shirguppi and Chikkodi.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Karnataka Vikas Grameena Bank in Shiraguppi goes to the correct branch. This is important because Karnataka Vikas Grameena Bank has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code KVGB0002011
The format of the IFSC Code for banks, including Karnataka Vikas Grameena Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Karnataka Vikas Grameena Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Shiraguppi in Shirguppi.
For example, the IFSC Code KVGB0002011 of Karnataka Vikas Grameena Bank for the Shiraguppi branch includes these elements, identifying the bank and the branch location in Shirguppi and Karnataka accurately.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
If you are trying to find the IFSC Code KVGB0002011 of Karnataka Vikas Grameena Bank for its Shiraguppi branch located in Shirguppi, the following methods can help:
Cheque Book
The cheque books that are issued by Karnataka Vikas Grameena Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Karnataka Vikas Grameena Bank branches in Shirguppi 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 find the branch locator section. Search for Shiraguppi or Shirguppi to get the exact IFSC Code KVGB0002011.
Mobile Banking App
If you use Karnataka Vikas Grameena Bank's mobile app, you can easily 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 to help you in searching for Karnataka Vikas Grameena Bank and Shirguppi that will provide accurate information.
How to Use IFSC Code KVGB0002011 for Online Transfers?
Once you have the IFSC Code KVGB0002011 for the Shiraguppi branch of Karnataka Vikas Grameena Bank in Shirguppi, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KVGB0002011. 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 KVGB0002011.
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 Shiraguppi in Shirguppi may 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 Shiraguppi, 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 Shirguppi manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Shiraguppi Shirguppi branch is KVGB0002011.
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 Shiraguppi Branchbhagyalaxmi Lift Irrigation Society Building, Kagawad Road, Shiraguppi - 591 242. Tq. : Athani,┬Á Dist. : Belgaum.┬Á┬Á┬Á┬Á.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.