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 Karur Vysya Bank for its Palasa branch in Srikakulam, Palasa, Andhra Pradesh, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Karur Vysya Bank located in Srikakulam or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code KVBL0001486. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Karur Vysya Bank, Palasa, Srikakulam

The table below shows the main details of the IFSC Code KVBL0001486 for the Karur Vysya Bank branch in Srikakulam, which falls under the Palasa district in Andhra Pradesh.

Particulars Details
Bank Karur Vysya Bank
IFSC Code KVBL0001486
Branch Palasa
City Srikakulam
District Palasa
State Andhra Pradesh
Address Palasa Cashew Manufactures Association Bulg,Indira Chowk, Main Road

These details are crucial, not just for online banking users but also for businesses and individuals who use Karur Vysya Bank in Srikakulam for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVBL0001486 for the Palasa 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 KVBL0001486 is given to every bank branch, including Karur Vysya Bank located in Palasa, Srikakulam, Andhra Pradesh, 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 Srikakulam.
  • 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 Srikakulam and Palasa.
  • 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 Andhra Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for Karur Vysya Bank in Palasa doesn't end up at another location.

Format of the IFSC Code KVBL0001486

The format of the IFSC Code for banks, including Karur Vysya Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): These represent the bank code. In Karur Vysya 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 Palasa in Srikakulam.

For example, the IFSC Code KVBL0001486 of Karur Vysya Bank for the Palasa branch has these elements, identifying the bank and the branch location in Srikakulam and Andhra Pradesh correctly.

How to Find IFSC Code for Karur Vysya Bank?

If you are trying to find the IFSC Code KVBL0001486 of Karur Vysya Bank for its Palasa branch located in Srikakulam, 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 Srikakulam and Palasa, 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 Palasa or Srikakulam to get the exact IFSC Code KVBL0001486.

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 Srikakulam, you'll get the correct details.

How to Use IFSC Code KVBL0001486 for Online Transfers?

If you have the IFSC Code KVBL0001486 for the Palasa branch of Karur Vysya Bank in Srikakulam, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code KVBL0001486. Transfers are processed in batches. 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. Asks for the recipient's account details and Karur Vysya Bank IFSC Code KVBL0001486.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Karur Vysya Bank Palasa in Srikakulam, it may 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 Palasa, 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 Srikakulam manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Karur Vysya Bank Palasa Srikakulam?

The IFSC Code of the Palasa Srikakulam branch is KVBL0001486.

Is IFSC Code KVBL0001486 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Karur Vysya Bank Palasa branch?

The branch is located at Palasa Cashew Manufactures Association Bulg,Indira Chowk, Main Road.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.