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 The Kerala State Co Operative Bank Ltd for its Chavara branch in Chavara, Kollam, Kerala, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of The Kerala State Co Operative Bank Ltd located in Chavara or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code KSBK0001118. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for The Kerala State Co Operative Bank Ltd, Chavara, Chavara
Below in the table are the key details related to IFSC Code KSBK0001118 of The Kerala State Co Operative Bank Ltd for its branch located in Chavara, within the district of Kollam in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | The Kerala State Co Operative Bank Ltd |
| IFSC Code | KSBK0001118 |
| Branch | Chavara |
| City | Chavara |
| District | Kollam |
| State | Kerala |
| Address | Pxx/122,Havara,Kollampin |
These details are crucial, not just for online banking users but also for businesses and individuals who use The Kerala State Co Operative Bank Ltd in Chavara for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code KSBK0001118 for the Chavara branch of The Kerala State Co Operative Bank Ltd 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 provided by the Reserve Bank of India. Every bank branch, along with The Kerala State Co Operative Bank Ltd located in Chavara, Chavara, Kerala, are allotted a unique IFSC like KSBK0001118 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Chavara.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Chavara and Kollam.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to The Kerala State Co Operative Bank Ltd in Chavara reaches the right place, even though there are thousands of branches in Kerala and across India.
Format of the IFSC Code KSBK0001118
The format of the IFSC Code for banks, including The Kerala State Co Operative Bank Ltd, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For The Kerala State Co Operative Bank Ltd, 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 Chavara in Chavara.
For example, the IFSC Code KSBK0001118 of The Kerala State Co Operative Bank Ltd for the Chavara branch includes these elements, identifying the bank and the branch location in Chavara and Kerala correctly.
How to Find IFSC Code for The Kerala State Co Operative Bank Ltd?
If you are trying to find the IFSC Code KSBK0001118 of The Kerala State Co Operative Bank Ltd for its Chavara branch located in Chavara, the following methods can help:
Cheque Book
The cheque book issued by The Kerala State Co Operative Bank Ltd includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including The Kerala State Co Operative Bank Ltd branches in Chavara and Kollam, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of The Kerala State Co Operative Bank Ltd and navigate to the branch locator section. Search for Chavara or Chavara to get the exact IFSC Code KSBK0001118.
Mobile Banking App
If you use The Kerala State Co Operative Bank Ltd'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 The Kerala State Co Operative Bank Ltd and Chavara, you'll get the correct details.
How to Use IFSC Code KSBK0001118 for Online Transfers?
If you have the IFSC Code KSBK0001118 for the Chavara branch of The Kerala State Co Operative Bank Ltd in Chavara, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code KSBK0001118. 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 The Kerala State Co Operative Bank Ltd IFSC Code KSBK0001118.
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 The Kerala State Co Operative Bank Ltd Chavara in Chavara, 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 The Kerala State Co Operative Bank Ltd in Chavara, 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 The Kerala State Co Operative Bank Ltd website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Chavara manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is KSBK0001118.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Pxx/122,Havara,Kollampin located in Chavara, Kollam, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.