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 Itagi branch in Sudi, Gadag, 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 Sudi or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0006314. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Itagi, Sudi
Here are the key points that are associated with the IFSC Code KVGB0006314 of Karnataka Vikas Grameena Bank for its branch located in Sudi, within the district of Gadag in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0006314 |
| Branch | Itagi |
| City | Sudi |
| District | Gadag |
| State | Karnataka |
| Address | Gram Panchayat Building A/P Itagi Tq.Ron Pin ┬Û 582 212 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Karnataka Vikas Grameena Bank in Sudi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVGB0006314 for the Itagi 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 provided by the Reserve Bank of India. Every bank branch, including Karnataka Vikas Grameena Bank located in Itagi, Sudi, Karnataka, is provided with a unique IFSC like KVGB0006314 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Karnataka Vikas Grameena Bank branch in Sudi.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Sudi and Gadag.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Karnataka Vikas Grameena Bank in Itagi do not get mixed with another location.
Format of the IFSC Code KVGB0006314
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): Show the bank code. For Karnataka Vikas Grameena Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Itagi in Sudi.
For example, the IFSC Code KVGB0006314 of Karnataka Vikas Grameena Bank for the Itagi branch includes these elements, identifying the bank and the branch location in Sudi and Karnataka accurately.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
If you are looking for the IFSC Code KVGB0006314 of Karnataka Vikas Grameena Bank for its Itagi branch located in Sudi, 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 Sudi and Gadag, 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 Itagi or Sudi to get the exact IFSC Code KVGB0006314.
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 Sudi, then it will provide you proper information.
How to Use IFSC Code KVGB0006314 for Online Transfers?
Once you have the IFSC Code KVGB0006314 for the Itagi branch of Karnataka Vikas Grameena Bank in Sudi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code KVGB0006314. 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 KVGB0006314.
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 Itagi in Sudi, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Karnataka Vikas Grameena Bank in Itagi, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Karnataka Vikas Grameena Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Sudi manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KVGB0006314.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Gram Panchayat Building A/P Itagi Tq.Ron Pin ┬Û 582 212 located in Sudi, Gadag, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.