For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Karnataka Vikas Grameena Bank for its Sunag branch in Sunag, Bagalkot, Karnataka, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Karnataka Vikas Grameena Bank located in Sunag or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0001205. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Sunag, Sunag
Below in the table are the key details related to IFSC Code KVGB0001205 of Karnataka Vikas Grameena Bank for its branch located in Sunag, within the district of Bagalkot in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0001205 |
| Branch | Sunag |
| City | Sunag |
| District | Bagalkot |
| State | Karnataka |
| Address | Sunag Branch Gram Panchayat┬Á Bldg,┬Á D.No.196,┬Á┬Á┬Á┬Á Main Road, Sunag - 587 128, Tq : Bilagi. Dist : Bagalkot. |
These details are essential not only for online banking users but also for businesses and individuals who use Karnataka Vikas Grameena Bank in Sunag for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVGB0001205 for the Sunag 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Karnataka Vikas Grameena Bank located in Sunag, Sunag, Karnataka, is provided a unique IFSC like KVGB0001205 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Karnataka Vikas Grameena Bank branch in Sunag.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Sunag and Bagalkot.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Karnataka and the rest of India, the IFSC Code ensures that transactions meant for Karnataka Vikas Grameena Bank in Sunag do not get misguided to another person.
Format of the IFSC Code KVGB0001205
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 Sunag in Sunag.
For example, the IFSC Code KVGB0001205 of Karnataka Vikas Grameena Bank for the Sunag branch includes these elements, identifying the bank and the branch location in Sunag and Karnataka accurately.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
If you are trying to find the IFSC Code KVGB0001205 of Karnataka Vikas Grameena Bank for its Sunag branch located in Sunag, 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
Most banks, including Karnataka Vikas Grameena Bank branches in Sunag and Bagalkot, print the IFSC and MICR codes 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 Sunag or Sunag to get the exact IFSC Code KVGB0001205.
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 Sunag, you'll get the correct details.
How to Use IFSC Code KVGB0001205 for Online Transfers?
Once you have the IFSC Code KVGB0001205 for the Sunag branch of Karnataka Vikas Grameena Bank in Sunag, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code KVGB0001205. 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 KVGB0001205.
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 Sunag in Sunag, 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 Sunag, 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 Sunag manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KVGB0001205.
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 Sunag Branch Gram Panchayat┬Á Bldg,┬Á D.No.196,┬Á┬Á┬Á┬Á Main Road, Sunag - 587 128, Tq : Bilagi. Dist : Bagalkot. located in Sunag, Bagalkot, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.