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 Palazhy 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 KLGB0040662. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Kerala Gramin Bank, Palazhy, Kozhikode
Here are the main details that are associated with the IFSC Code KLGB0040662 of Kerala Gramin Bank for its branch located in Kozhikode, within the district of Kozhikode in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Kerala Gramin Bank |
| IFSC Code | KLGB0040662 |
| Branch | Palazhy |
| City | Kozhikode |
| District | Kozhikode |
| State | Kerala |
| Address | Poyilil Building,Ga College Post,Kozhikode-673014 |
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 KLGB0040662 for the Palazhy 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 Palazhy, Kozhikode, Kerala, are given a unique IFSC like KLGB0040662 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 Palazhy 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 KLGB0040662
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): These represent the bank code. In Kerala Gramin 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 Palazhy in Kozhikode.
For example, the IFSC Code KLGB0040662 of Kerala Gramin Bank for the Palazhy branch has these elements, identifying the bank and the branch location in Kozhikode and Kerala correctly.
How to Find IFSC Code for Kerala Gramin Bank?
To find the IFSC Code KLGB0040662 of Kerala Gramin Bank for its Palazhy 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 Palazhy or Kozhikode to find the exact IFSC Code KLGB0040662.
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 KLGB0040662 for Online Transfers?
Once you have the IFSC Code KLGB0040662 for the Palazhy branch of Kerala Gramin Bank in Kozhikode, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KLGB0040662. Transfers are processed in batches. This is 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. Requires the recipient's account details and Kerala Gramin Bank IFSC Code KLGB0040662.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Kerala Gramin Bank Palazhy in Kozhikode 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 Kerala Gramin Bank in Palazhy, 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 Kerala Gramin Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Kozhikode manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KLGB0040662.
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 Poyilil Building,Ga College Post,Kozhikode-673014 located in Kozhikode, Kozhikode, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.