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 Kerala Gramin Bank for its Ayoor branch in Kollam, Kollam, Kerala, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Kerala Gramin Bank located in Kollam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code KLGB0040589. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Kerala Gramin Bank, Ayoor, Kollam
Here are some of the key details that come with the IFSC Code KLGB0040589 of Kerala Gramin Bank for its branch located in Kollam, within the district of Kollam in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Kerala Gramin Bank |
| IFSC Code | KLGB0040589 |
| Branch | Ayoor |
| City | Kollam |
| District | Kollam |
| State | Kerala |
| Address | Christuraj Shopping Complex,P.O.Ayoor,Kollam,Kerala,Pin -691533 |
These details are essential not only for online banking users but also for businesses and individuals who use Kerala Gramin Bank in Kollam for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KLGB0040589 for the Ayoor branch of Kerala Gramin Bank plays an important 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 Kerala Gramin Bank located in Ayoor, Kollam, Kerala, is provided a unique IFSC like KLGB0040589 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Kerala Gramin Bank branch in Kollam.
- 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 Kollam and Kollam.
- 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 Kerala and the rest of India, the IFSC Code ensures that transactions meant for Kerala Gramin Bank in Ayoor do not get misguided to another person.
Format of the IFSC Code KLGB0040589
The format of the IFSC Code for banks, including Kerala Gramin Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Kerala Gramin 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 Ayoor in Kollam.
For example, the IFSC Code KLGB0040589 of Kerala Gramin Bank for the Ayoor branch includes these elements, identifying the bank and the branch location in Kollam and Kerala accurately.
How to Find IFSC Code for Kerala Gramin Bank?
To find the IFSC Code KLGB0040589 of Kerala Gramin Bank for its Ayoor branch located in Kollam, the following methods can help you out:
Cheque Book
The cheque book issued by Kerala Gramin Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Kerala Gramin Bank branches in Kollam and Kollam, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Kerala Gramin Bank and go to the branch locator section. Then search for Ayoor or Kollam to find the exact IFSC Code KLGB0040589.
Mobile Banking App
If you use Kerala Gramin 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 Kerala Gramin Bank and Kollam will provide accurate information.
How to Use IFSC Code KLGB0040589 for Online Transfers?
Once you have the IFSC Code KLGB0040589 for the Ayoor branch of Kerala Gramin Bank in Kollam, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code KLGB0040589. 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 Kerala Gramin Bank IFSC Code KLGB0040589.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Kerala Gramin Bank Ayoor in Kollam, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Kerala Gramin Bank in Ayoor, here are some of the ways you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Kerala Gramin Bank website.
- Search the RBI portal.
Knowing both IFSC and MICR code can help account holders in Kollam manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is KLGB0040589.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Christuraj Shopping Complex,P.O.Ayoor,Kollam,Kerala,Pin -691533 located in Kollam, Kollam, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
