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 Yalivigi branch in Yelavigi, Haveri, 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 Yelavigi or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVGB0007504. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karnataka Vikas Grameena Bank, Yalivigi, Yelavigi
Here are some of the key details that come with the IFSC Code KVGB0007504 of Karnataka Vikas Grameena Bank for its branch located in Yelavigi, within the district of Haveri in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karnataka Vikas Grameena Bank |
| IFSC Code | KVGB0007504 |
| Branch | Yalivigi |
| City | Yelavigi |
| District | Haveri |
| State | Karnataka |
| Address | Yalavigi Branchj. R. Y. Building, Station Road, Yalavigi - 581 118. Tq. : Savanur,┬Á Dist. : Haveri. |
These details are important not only for users using online banking but also for businesses and individuals who use Karnataka Vikas Grameena Bank in Yelavigi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code KVGB0007504 for the Yalivigi 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 Yalivigi, Yelavigi, Karnataka, are given a unique IFSC like KVGB0007504 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Yelavigi.
- 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 Yelavigi and Haveri.
- 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 Yalivigi 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 KVGB0007504
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): These represent the bank code. In Karnataka Vikas Grameena Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Yalivigi in Yelavigi.
For example, the IFSC Code KVGB0007504 of Karnataka Vikas Grameena Bank for the Yalivigi branch has these elements, identifying the bank and the branch location in Yelavigi and Karnataka correctly.
How to Find IFSC Code for Karnataka Vikas Grameena Bank?
To find the IFSC Code KVGB0007504 of Karnataka Vikas Grameena Bank for its Yalivigi branch located in Yelavigi, the following methods can help you out:
Cheque Book
The cheque book issued by Karnataka Vikas Grameena Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Karnataka Vikas Grameena Bank branches in Yelavigi and Haveri, 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 go to the branch locator section. Then search for Yalivigi or Yelavigi to find the exact IFSC Code KVGB0007504.
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 maintains an updated database of all IFSC codes. Searching for Karnataka Vikas Grameena Bank and Yelavigi will provide accurate information.
How to Use IFSC Code KVGB0007504 for Online Transfers?
Once you have the IFSC Code KVGB0007504 for the Yalivigi branch of Karnataka Vikas Grameena Bank in Yelavigi, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code KVGB0007504. 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 KVGB0007504.
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 Yalivigi in Yelavigi, 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 Yalivigi, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Yelavigi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is KVGB0007504.
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 Yalavigi Branchj. R. Y. Building, Station Road, Yalavigi - 581 118. Tq. : Savanur,┬Á Dist. : Haveri. located in Yelavigi, Haveri, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.