IFSC Code of Kerala Gramin Bank, Balussery, Kozhikode, Kerala — KLGB0040242

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 Balussery branch in Kozhikode, Kozhikode, 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 Kozhikode or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code KLGB0040242. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Kerala Gramin Bank, Balussery, Kozhikode

The table below shows the main details of the IFSC Code KLGB0040242 for the Kerala Gramin Bank branch in Kozhikode, which falls under the Kozhikode district in Kerala.

These details are important not only for users using online banking but also for businesses and individuals who use Kerala Gramin Bank in Kozhikode for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code KLGB0040242 for the Balussery branch of Kerala Gramin 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 Kerala Gramin Bank located in Balussery, Kozhikode, Kerala, are given a unique IFSC like KLGB0040242 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It clearly tells which bank branch it is in Kozhikode.
• 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 Kozhikode and Kozhikode.
• 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 Kerala Gramin Bank in Balussery goes to the correct branch. This is important because Kerala Gramin Bank has thousands of branches in Kerala and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code KLGB0040242

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 Balussery in Kozhikode.

For example, the IFSC Code KLGB0040242 of Kerala Gramin Bank for the Balussery branch includes these elements, identifying the bank and the branch location in Kozhikode and Kerala accurately.

How to Find IFSC Code for Kerala Gramin Bank?

To find the IFSC Code KLGB0040242 of Kerala Gramin Bank for its Balussery branch located in Kozhikode, 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 Kozhikode and Kozhikode, 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 Balussery or Kozhikode to find the exact IFSC Code KLGB0040242.

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 Kozhikode will provide accurate information.

How to Use IFSC Code KLGB0040242 for Online Transfers?

Once you have the IFSC Code KLGB0040242 for the Balussery branch of Kerala Gramin Bank in Kozhikode, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code KLGB0040242. The transfer is completed in batches instead of instantly. It is useful for both 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 Kerala Gramin Bank IFSC Code KLGB0040242.

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 Balussery in Kozhikode, 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 Balussery, 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 Kozhikode manage their online transfers and cheque clearances easily.