There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Karur Vysya Bank for its Ayyankottai branch in Madurai, Madurai, Tamil Nadu, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Karur Vysya Bank situated in Madurai or anywhere in Tamil Nadu can easily transfer funds instantly by using the correct IFSC Code KVBL0001864. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Karur Vysya Bank, Ayyankottai, Madurai
Below in the table are the key details related to IFSC Code KVBL0001864 of Karur Vysya Bank for its branch located in Madurai, within the district of Madurai in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Karur Vysya Bank |
| IFSC Code | KVBL0001864 |
| Branch | Ayyankottai |
| City | Madurai |
| District | Madurai |
| State | Tamil Nadu |
| Address | R S No 317/21A2 Vadipatty Main Road Ayyankottai Madurai Tamil Nadu 625221 |
These details are important not only for users using online banking but also for businesses and individuals who use Karur Vysya Bank in Madurai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code KVBL0001864 for the Ayyankottai branch of Karur Vysya 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 Karur Vysya Bank located in Ayyankottai, Madurai, Tamil Nadu, are given a unique IFSC like KVBL0001864 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Madurai.
- 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 Madurai and Madurai.
- 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 Karur Vysya Bank in Ayyankottai goes to the correct branch. This is important because Karur Vysya Bank has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code KVBL0001864
The format of the IFSC Code for banks, including Karur Vysya Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Karur Vysya 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 Ayyankottai in Madurai.
For example, the IFSC Code KVBL0001864 of Karur Vysya Bank for the Ayyankottai branch includes these elements, identifying the bank and the branch location in Madurai and Tamil Nadu accurately.
How to Find IFSC Code for Karur Vysya Bank?
If you are trying to find the IFSC Code KVBL0001864 of Karur Vysya Bank for its Ayyankottai branch located in Madurai, the following methods can help:
Cheque Book
The cheque book issued by Karur Vysya Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
You can easily find the IFSC and MICR codes because most banks, including Karur Vysya Bank branches in Madurai and Madurai, print them on the first page of your passbook.
Bank Website
Visit the official website of Karur Vysya Bank and navigate to the branch locator section. Search for Ayyankottai or Madurai to get the exact IFSC Code KVBL0001864.
Mobile Banking App
If you use Karur Vysya 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 Karur Vysya Bank and Madurai, you'll get the correct details.
How to Use IFSC Code KVBL0001864 for Online Transfers?
Once you have the IFSC Code KVBL0001864 for the Ayyankottai branch of Karur Vysya Bank in Madurai, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KVBL0001864. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Karur Vysya Bank IFSC Code KVBL0001864.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Karur Vysya Bank Ayyankottai in Madurai, it can result in delayed or failed transactions.
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 Karur Vysya Bank in Ayyankottai, 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 Karur Vysya Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Madurai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Ayyankottai Madurai branch is KVBL0001864.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at R S No 317/21A2 Vadipatty Main Road Ayyankottai Madurai Tamil Nadu 625221.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.