IFSC code for Kagal Co-operative Bank Kagal, Kagal co-operative bank kagal imps, Kagal, Maharashtra

IFSC CODE

IBKL0116KCB

Kagal Co-operative Bank Kagal

Kagal Co-operative Bank Kagal Imps, Mumbai, Maharashtra
Address

Main Road Kagal Dist Kolhapur

Kagal Co-operative Bank Kagal

Kagal Co-operative Bank Kagal Imps, Mumbai, Maharashtra

Address

Main Road Kagal Dist Kolhapur

Bank Details

IFSC Code

IBKL0116KCB

MICR Code

416877000

Bank Code

(Based on IFSC)

KAGX

Bank Code

(Based on MICR)

877

Contact

+912325244036

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IFSC Code of Kagal Co-operative Bank Kagal

Every Kagal Co-operative Bank Kagal branch in India has a unique Kagal Co-operative Bank Kagal IFSC Code. Kagal Co-operative Bank Kagal IFSC Code enables Kagal Co-operative Bank Kagal account holders to send and receive money electronically. Kagal Co-operative Bank Kagal IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.

Benefits of IFSC Code

  • Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.

  • Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.

  • Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.

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Format of Kagal Co-operative Bank Kagal IFSC Code IBKL0116KCB

The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.

  • The first four letters of the code, i.e., IBKL, denotes the name of the bank which is Kagal Co-operative Bank Kagal.

  • The fifth character is 0.

  • The last six digits of the code, i.e., 116KCB, represents the branch which is Kagal Co-operative Bank Kagal

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MICR Code of Kagal Co-operative Bank Kagal

Every Kagal Co-operative Bank Kagal branch in India has a unique Kagal Co-operative Bank Kagal MICR Code. MICR code for Kagal Co-operative Bank Kagal  can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Kagal Co-operative Bank Kagal. MICR code is used for faster and secure processing of cheques.

Benefits of MICR Code

  • High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.

  • Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.

  • Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.

Learn More About IFSC Code!

Frequently Asked Questions