IFSC code for Karnataka Vikas Grameena Bank, Rayanal, Dharwad, Karnataka
Updated on: Monday, July 1, 2024
IFSC CODE
KVGB0004121
Karnataka Vikas Grameena Bank
Rayanal, Hubli Dharwad, Karnataka
Address
Revana Siddeshwara Samsthana Virakthamatha Avarana, Rayanal
Karnataka Vikas Grameena Bank
Rayanal, Hubli Dharwad, Karnataka
Address
Revana Siddeshwara Samsthana Virakthamatha Avarana, Rayanal
Bank Details
IFSC Code
KVGB0004121
MICR Code
NA
Bank Code
(Based on IFSC)
KVGB
Bank Code
(Based on MICR)
NA
Contact
+919480699674
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IFSC Code of Karnataka Vikas Grameena Bank
Every Karnataka Vikas Grameena Bank branch in India has a unique Karnataka Vikas Grameena Bank IFSC Code. Karnataka Vikas Grameena Bank IFSC Code enables Karnataka Vikas Grameena Bank account holders to send and receive money electronically. Karnataka Vikas Grameena Bank 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.
Format of Karnataka Vikas Grameena Bank IFSC Code KVGB0004121
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., KVGB, denotes the name of the bank which is Karnataka Vikas Grameena Bank.
The fifth character is 0.
The last six digits of the code, i.e., 004121, represents the branch which is Karnataka Vikas Grameena Bank
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MICR Code of Karnataka Vikas Grameena Bank
Every Karnataka Vikas Grameena Bank branch in India has a unique Karnataka Vikas Grameena Bank MICR Code. MICR code for Karnataka Vikas Grameena Bank 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 Karnataka Vikas Grameena Bank. 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.
