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 Karur Vysya Bank for its Asset Recovery Branch - Bangalore branch in Bangalore, Banagalore, Karnataka, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Karur Vysya Bank located in Bangalore or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code KVBL0001361. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Karur Vysya Bank, Asset Recovery Branch - Bangalore, Bangalore
The table below shows the main details of the IFSC Code KVBL0001361 for the Karur Vysya Bank branch in Bangalore, which falls under the Banagalore district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Karur Vysya Bank |
| IFSC Code | KVBL0001361 |
| Branch | Asset Recovery Branch - Bangalore |
| City | Bangalore |
| District | Banagalore |
| State | Karnataka |
| Address | Urban No 6, 2Nd Floor, Vasavi Temple Road, Sajjana Circle, V.V.Puram, Bangalore |
These details are crucial, not just for online banking users but also for businesses and individuals who use Karur Vysya Bank in Bangalore for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVBL0001361 for the Asset Recovery Branch - Bangalore branch of Karur Vysya 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 KVBL0001361 is given to every bank branch, including Karur Vysya Bank located in Asset Recovery Branch - Bangalore, Bangalore, Karnataka, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Karur Vysya Bank branch in Bangalore.
- 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 Bangalore and Banagalore.
- 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 Karur Vysya Bank in Asset Recovery Branch - Bangalore doesn't end up at another location.
Format of the IFSC Code KVBL0001361
The format of the IFSC Code for banks, including Karur Vysya Bank, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Karur Vysya 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 Asset Recovery Branch - Bangalore in Bangalore.
For example, the IFSC Code KVBL0001361 of Karur Vysya Bank for the Asset Recovery Branch - Bangalore branch includes these elements, identifying the bank and the branch location in Bangalore and Karnataka correctly.
How to Find IFSC Code for Karur Vysya Bank?
If you are trying to find the IFSC Code KVBL0001361 of Karur Vysya Bank for its Asset Recovery Branch - Bangalore branch located in Bangalore, the following methods can help:
Cheque Book
The cheque books that are issued by Karur Vysya 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 Karur Vysya Bank branches in Bangalore and Banagalore, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Karur Vysya Bank and find the branch locator section. Search for Asset Recovery Branch - Bangalore or Bangalore to get the exact IFSC Code KVBL0001361.
Mobile Banking App
If you use Karur Vysya 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 Karur Vysya Bank and Bangalore that will provide accurate information.
How to Use IFSC Code KVBL0001361 for Online Transfers?
Once you have the IFSC Code KVBL0001361 for the Asset Recovery Branch - Bangalore branch of Karur Vysya Bank in Bangalore, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KVBL0001361. 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 Karur Vysya Bank IFSC Code KVBL0001361.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Karur Vysya Bank Asset Recovery Branch - Bangalore in Bangalore may result in delayed or failed transactions.
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 Karur Vysya Bank in Asset Recovery Branch - Bangalore, 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 Karur Vysya Bank website.
- Search the RBI portal.
Having both the IFSC and MICR codes makes it easy for account holders in Bangalore to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is KVBL0001361.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Urban No 6, 2Nd Floor, Vasavi Temple Road, Sajjana Circle, V.V.Puram, Bangalore located in Bangalore, Banagalore, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.