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 Mathur branch in Thiruvallur, Chennai, Tamil Nadu, 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 Thiruvallur or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code KVBL0001950. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Karur Vysya Bank, Mathur, Thiruvallur
Here are the key points that are associated with the IFSC Code KVBL0001950 of Karur Vysya Bank for its branch located in Thiruvallur, within the district of Chennai in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Karur Vysya Bank |
| IFSC Code | KVBL0001950 |
| Branch | Mathur |
| City | Thiruvallur |
| District | Chennai |
| State | Tamil Nadu |
| Address | Plot No. R-96 Part, Second Main Road,Mathur,Chennai-600068 |
These details helps users in online banking and for businesses and individuals who use Karur Vysya Bank in Thiruvallur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KVBL0001950 for the Mathur branch of Karur Vysya Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Karur Vysya Bank located in Mathur, Thiruvallur, Tamil Nadu, is provided a unique IFSC like KVBL0001950 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Karur Vysya Bank branch in Thiruvallur.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Thiruvallur and Chennai.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Tamil Nadu and the rest of India, the IFSC Code ensures that transactions meant for Karur Vysya Bank in Mathur do not get misguided to another person.
Format of the IFSC Code KVBL0001950
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 Mathur in Thiruvallur.
For example, the IFSC Code KVBL0001950 of Karur Vysya Bank for the Mathur branch includes these elements, identifying the bank and the branch location in Thiruvallur and Tamil Nadu correctly.
How to Find IFSC Code for Karur Vysya Bank?
If you are looking for the IFSC Code KVBL0001950 of Karur Vysya Bank for its Mathur branch located in Thiruvallur, the following methods can help:
Cheque Book
The cheque book that is issued by Karur Vysya Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Karur Vysya Bank branches in Thiruvallur and Chennai, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Karur Vysya Bank and look for the branch locator section, then search for Mathur or Thiruvallur to get the exact IFSC Code KVBL0001950.
Mobile Banking App
If you use Karur Vysya Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Karur Vysya Bank and Thiruvallur, then it will provide you proper information.
How to Use IFSC Code KVBL0001950 for Online Transfers?
Once you have the IFSC Code KVBL0001950 for the Mathur branch of Karur Vysya Bank in Thiruvallur, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KVBL0001950. 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 KVBL0001950.
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 Mathur in Thiruvallur, it can 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 Mathur, 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 Thiruvallur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is KVBL0001950.
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 Plot No. R-96 Part, Second Main Road,Mathur,Chennai-600068 located in Thiruvallur, Chennai, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.