Karnataka Vikas Grameena Bank IFSC code & MICR code

For example, following is the breakup of the IFSC code of a branch of Karnataka Vikas Grameena Bank:

1. KVGB0008104 - IFSC Code for Karnataka Vikas Grameena Bank branch
2. KVGB – the first four letters indicates the name of the bank (in this case Karnataka Vikas Grameena Bank)
3. 0 - For future use
4. 008104 – Last six digits indicates a particular branch of Karnataka Vikas Grameena Bank

How to Search for Karnataka Vikas Grameena Bank (KVGB) IFSC and MICR codes?

IFSC and MICR codes of a bank can be found through various sources. To find the IFSC code of a branch of Karnataka Vikas Grameena Bank for example, one can simply look at a cheque book/leaf issued by the same branch, as the IFSC code will be printed on it. You can look online for the codes as well. The Reserve Bank of India has a website which gives the complete list of IFSC codes of all the banks in India that are in the NEFT/RTGS network. You can also look at the official website Karnataka Vikas Grameena Bank (KVGB) and find the IFSC code there. Third party financial websites such as BankBazaar also provide this information in a simple format.

If you login to BankBazaar, you can find a complete list of IFSC codes for every bank in the NEFT/RTGS network, including Karnataka Vikas Grameena Bank. Simply go to the homepage of the website and click on the ‘Bank IFSC Code’ tab. A second page will open featuring a few drop down menus including ‘Select Bank’, ‘Select Branch’, ‘Select State’ and ‘Select District’. In the ‘Select Bank’ drop menu, pick ‘Karnataka Vikas Grameena Bank’. As soon as you choose the appropriate options in the other drop down menus, BankBazaar will generate the IFSC and MICR codes of the branch that you need. The generated table also provide you with phone number, address of the branch, name, branch code and other information in addition to the IFSC and MICR codes.

How to Transfer Money using Karnataka Vikas Grameena Bank (KVGB) NEFT and RTGS?

Transferring funds using the services of NEFT and RTGS is simple and quick.National Electronic Funds Transfer (NEFT):NEFT (National Electronic Funds Transfers) has been introduced by RTI for the easy transfer of funds from one account to any other account in India. NEFT works on Deferred Net Settlements which means that the settlements are done in batches on an hourly schedule. If you make the request for the transfer within the cut-off time that is decided by the bank, the fund will be transferred on the same day. If the request reaches the bank after the deadline for the day, it will be credited to the beneficiary’s account on the following working day.These are the details that you will need to use NEFT service at Karnataka Vikas Grameena Bank (KVGB):

1. The name of the receiver
2. The name of the receiver’s bank and branch
3. The receiver’s account number
4. The IFSC code of the receiver’s bank branch
5. The amount to be transferred

The following are the charges for availing the NEFT service (for outward transactions) at Karnataka Vikas Grameena Bank:

Inward transactions are not charged.Real Time Gross Settlement System (RTGS):RTGS (Real Time Gross Settlement System) is also available at Karnataka Vikas Grameena Bank to transfer amounts larger than 2 lacs. Transfer of funds are done on an individual basis so that it is faster. In other words, clearance of funds are scheduled individually and not batch-wise like with NEFT. RTGS is one of the fastest methods of fund transfer. Unless you have requested for a transfer after the time stipulated by the bank for the transfer, the money will be credited to the beneficiary’s account in ‘real time’.These are the details that you will need to use RTGS service at Karnataka Vikas Grameena Bank:

1. The receiver’s name
2. The receiver’s bank and branch name
3. IFSC Code of the receiver’s bank
4. The transfer amount
5. The receiver’s account number
6. A remark for the receiver, if any

The following are the charges for availing the RTGS service (for outward transactions) at Karnataka Vikas Grameena Bank:

Inward transactions are not charged.

About Karnataka Vikas Grameena Bank (KVGB):

The Karnataka Vikas Grameena Bank is a Regional Rural Bank, headquartered in Dharwad. The bank was founded on September 12^th, 2005. Four Regional Rural Banks (RRBs); Malaprabha Grameena Bank, Netravathi Grameena Banks, Bijapur Grameena Bank and Varada Grameena Bank was united to bring about Karnataka Vikas Grameena Bank. The four RRBs were located in the state of Karnataka. Today, Karnataka Vikas Grameena Bank has 448 branches in the rural areas of Karnataka. Further, the bank is under the sponsorship of Syndicate Bank.

The bank is operating in nine districts in Karnataka including Bagalkote, Dakshin Kannad, Bijapur, Gadag, Uttar Kannad, Dharwad, Belgaum, Haveri and Udipi.