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 Balehosur branch in Suranggi, Gadag, 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 Suranggi or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0006408. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Balehosur, Suranggi
The table below shows the main details of the IFSC Code KVGB0006408 for the Karnataka Vikas Grameena Bank branch in Suranggi, which falls under the Gadag district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0006408 |
| Branch | Balehosur |
| City | Suranggi |
| District | Gadag |
| State | Karnataka |
| Address | Gram Panchayat Building A/P Balaehosur Tq.Shirahatti Pin ┬Û 582 112 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Karnataka Vikas Grameena Bank in Suranggi for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVGB0006408 for the Balehosur 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 that is provided by the Reserve Bank of India. A unique IFSC like KVGB0006408 is given to every bank branch, including Karnataka Vikas Grameena Bank located in Balehosur, Suranggi, 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 Suranggi.
- 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 Suranggi and Gadag.
- 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 Balehosur doesn't end up at another location.
Format of the IFSC Code KVGB0006408
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 Balehosur in Suranggi.
For example, the IFSC Code KVGB0006408 of Karnataka Vikas Grameena Bank for the Balehosur branch includes these elements, identifying the bank and the branch location in Suranggi and Karnataka accurately.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
If you are trying to find the IFSC Code KVGB0006408 of Karnataka Vikas Grameena Bank for its Balehosur branch located in Suranggi, 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 Suranggi and Gadag, 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 Balehosur or Suranggi to get the exact IFSC Code KVGB0006408.
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 Suranggi that will provide accurate information.
How to Use IFSC Code KVGB0006408 for Online Transfers?
Once you have the IFSC Code KVGB0006408 for the Balehosur branch of Karnataka Vikas Grameena Bank in Suranggi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code KVGB0006408. 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 KVGB0006408.
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 Balehosur in Suranggi, 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 Balehosur, 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 Suranggi manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KVGB0006408.
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 Gram Panchayat Building A/P Balaehosur Tq.Shirahatti Pin ┬Û 582 112 located in Suranggi, Gadag, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.