State wise list of Karur Vysya Bank IFSC code, MICR code and addresses of all branches in India
(used for RTGS and NEFT transactions)
|MICR Code||MICR not provided.|
|Bank||KARUR VYSYA BANK|
or Choose State from list below
The facility of online money transfer has transformed the way we transact. Transactions which used to take days to process can now be done within a matter of a few hours. This has been made possible with NEFT and RTGS, two electronic payment services introduced by the RBI and offered by Karur Vyasya Bank (KVB). NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) employ a special code known as the IFSC (Indian financial System Code) for transfer of funds. This code is issued by the RBI to each bank which is a part of the NEFT network and helps regulate the flow of funds from the source bank to the destination bank.
The IFSC code consists of three parts herein the first 4 characters denote the name of the bank, the fifth character is always zero, reserved for future use and the last 6 characters represent the specific branch of the bank. For example, the Karur Vyasya Bank IFSC code for their Hubli branch is KVBL0001311. If we see the breakup of the same, ‘KVBL’ stands for the name of the bank i.e. Karur Vyasya Bank, the fifth character is 0, and the last 6 characters of the code ‘001311’ represent the Hubli branch of Karur Vyasya Bank.
It is easy to find the IFSC or MICR code for any KVB branch that you may be looking for. You can find the IFSC and MICR codes for a KVB branch online and offline. Offline, you can find the IFSC and MICR codes of a branch oriented on the cheque leaves of KVB cheque books. Every cheque book will carry the IFSC and MICR code of the branch from where it has been issued. If you go online, you can find the IFSC and MICR code of any KVB branch on the KVB website itself.
Alternately, you can also visit BankBazaar, where you can access this information in a compact and effective format. All you have to do is go to the website’s main page and click on the ‘Bank IFSC page’ tab located at the very bottom of the page. This will redirect you to another page which will ask you to provide information such as the name of the bank you’re looking for, the state and district it is located in and the particular branch that you’re looking for. Once you’ve provided that information, the page will immediately display the IFSC and MICR code for the preferred bank that you’ve chosen, along with other relevant information like the address and contact details of the bank.
NEFT and RTGS have made the process of money transfer extremely simple, hassle-free, efficient and secure. Customers can transfer money to a beneficiary located across the country, in a matter of a few hours, instead of days. Both these processes make use of the IFSC code to make money transfers. With these two services, KVB customers can transfer money not only to other KVB account holders but also to account of any other bank which is a part of the NEFT network.
NEFT or National Electronic Funds Transfer is an electronic payment service which allows customers to transfer money easily to the account of any bank which is part of the NEFT network. NEFT facilitates quick and secure money transfers for amounts less than Rs 1 lakh. Also, NEFT transaction are final and irrevocable, which means that once the transaction has been initiated, there is no provision to stop the payment.
Following is the schedule of charges applicable for NEFT transactions via Karur Vyasya Bank.
|Amount||Via Branch||Via Net Banking|
|Up to Rs 1 lakh||Rs 5 + service tax||Nil|
|Rs 1 lakh – Rs 2 lakh||Rs 15 + service tax||Rs 10 + service tax|
|Above Rs 2 lakh||Rs 25 + service tax||Rs 10 + service tax|
RTGS or Real Time Gross Settlement is another method of making quick payments which has been introduced by the RBI. KVB customers can make use of this facility to ideally transfer larger amounts of money to accounts held in banks which are a part of the NEFT network. RTGS is an instantaneous method of making payments where the credit if money reaches the beneficiary’s account in just a few hours. RTGS is not governed by geographical boundaries or clearing houses. The minimum amount for an RTGS transaction is Rs 2 lakh and like NEFT, the transaction is final and irrevocable. Following is the schedule of charges applicable for all RTGS transactions carried out via KVB.
|Amount||Via Branch||Via Net Banking|
|Rs 1 lakh – Rs 2 lakh||Free||Free|
|Rs 2 lakh – Rs 5 lakh||Rs 25 + service tax||Rs 15 + service tax|
|Above Rs 5 lakh||Rs 50 + service tax||Rs 30 + service tax|
Founded in the year 1916, Karur Vyasya Bank, also known as KVB, is one of the oldest and also one of the most prominent private banks in India. Operating with the help of a nation-wide network of 652 branches and over 1500 ATMs. KVB is headquartered in Karur, Tamil Nadu, and has evolved over time to offer smart banking to its customers by introducing services like internet banking, multi-city account facilities, e-commerce facilities, mobile banking, NEFT / RTGS facilities at all branches and any branch banking, among others. The bank is also known for offering the facility of cash deposit machines (CDM), a technology initiative which has been adopted by a few banks. The suite of financial products and services offered by KVB includes different types of accounts, loans, insurance, cards, remittance, mutual funds, etc.
Karur Vysya Bank opened a new branch in Visakhapatnam. This will be the 37th branch of the bank in the city. According to the Divisional Manager G.Prabhakar, the bank is spreading its network and offering top quality services to all parts of the society. The bank offers facilities such as online banking and electronic fund transfer facilities, where money can be transferred through Karur Vysya’s bank account to another, using the branch IFSC codes of the respective banks.
The new branch that was inaugurated by the founder of a trust at G.agraharam was Karur Vysya Bank’s 675th branch. Among others who were present at the venue was the chief manager of the bank, K Venkateswara Rao and the bank manager Karthik Krishna Rupesh.
11th June 2016
Karur based Karur Vysya Bank reported a slight increase in its net profit for Q4 of 2015-16 by 0.12% quarter on quarter. It posted a net profit of Rs.138 crores against Rs.137.84 posted during the same quarter last fiscal.
On the flipside, gross profit for Q4 FY 2014-16 was slightly lower at Rs.258.88 crores compared to the Rs.260 crores posted in the same quarter last fiscal. The gross NPA fell from 1.85% to 1.30% out of which the net NPA declined from 0.78% to 0.55% during the fiscal. As an outcome of the bank’s board meeting, a dividend of Rs.4 per equity share of Rs.10 has been declared in the backdrop of interim dividend of Rs.10 per equity share paid in March 2016.
28th May 2016
Karur Vysya Bank inaugurated its 39th branch in the Vijayawada division in Satyanarayanapuram. Another branch is set to open in Venkatapalem village in Thullur mandal of Guntur district.
The bank’s lending to the farm sector in Vijayawada division in 2015-16 stood at Rs. 800 crore, and it expects to have a higher number in the segment this year. The division consists of West Godavari, Krishna, Guntur and Prakasam districts.
The bank is also looking forward to finance the real estate sector in the region. The sector is set to grow rapidly after the Guntur district was selected to house Andhra Pradesh’s new capital city Amaravathi.
The IFSC Code of the MG Road, Vijayawada branch is KVBL0001441.
30th April 2016
Karur Vysya Bank (KVB) is a reputed private sector bank and started yet another new branch on 28th January 2016 in Tirupur. Many banks are on expansion mode currently and they intend to make their presence known in every nook and cranny of the country.
The address of the branch is: Plot No: A-3, Opposite Tirupur Kumaran College for Women, Mangalam Main Road, S. R. Nagar, Tirupur .
Karur Vysya Bank is one of the top six previous generation private lenders that have been recognized by RBI to put in Speed Clearing at Mumbai. Customers can perform NEFT and RTGS transaction using IFSC Code to transfer money instantly.
29th February 2016
Many banks are engaged in carrying out their mobile ATM vans across the city of Chennai to make sure that their sizable customer base is getting to withdraw cash in the event of floods. These vans are transported to regions which are still in critical situation and where people find it impossible to go to their bank branch or ATM counters. Karur Vysya Bank has posted mobile ATMs at most busy junctions where people could access their service with minimum hassle. State Bank of India’s mobile ATM has crossed more than 40 locations which includes OMR, Anna Salai, Adyar, Perungudi, Guindy and Koyambedu. They have helped out thousands of people and have already dispelled over INR 1 crore as per the data issued by the Chief General Manager of SBI, Mr. B Ramesh Babu. They are anticipating to cover more areas in the coming days. Services will also include fund transactions using IFSC Codes.
09th December 2015
The Board of Directors of Karur Vysya Bank Limited held a conference on 23rd November 2015 to appoint a Non-executive Chairman. Mr. B. Swaminathan, who was an Independent Director at the time was given this honor. As a part-time Chairman of the Bank, this decision is conditional on authorization from the Reserve Bank of India. Stocks of the bank was the preceding trading in BSE at INR 430 as associated with the previous closing of INR 426.6. The overall number of shares merchandise during the day was 5538 in about 197 deals. The stock stuck an intraday high of INR 431 and intraday low of INR 423.3. The total gross revenue during the day was INR 2364097.
24th November 2015
Karur Vysya Bank is close to complete 100 years of outstanding service to people from diverse socio-cultural and economic backgrounds. To mark this landmark event and take the bank to another level of development, they intent to carve a strong forte for themselves as an SME Bank. KVB’s new financial products and services seem to be customized for definite trades.
The centennial festivities in Karur are all set to start in the coming July and the bank has already rolled out 18 investment products and services. The KVB Commodity Plus for wholesalers in spices, grains, cereals and edible refined oil is one example. KVB has done a commendable job in bringing collections, expenditures and suppliers funds under one umbrella. It can be done online too using IFSC codes of bank’s branches.
25th August 2015
Adding to its growing list of branches, Karur Vysya Bank has opened a new branch in Srivilliputhur, Tamil Nadu. As a leading private sector bank in India, KVB would be offering an array of banking products to the local community. Banking customers in Srivilliputhur can enjoy services like personal banking, corporate banking, NRI banking and agricultural banking. KVB is also amongst the six private sector banks identified by RBI to start Speed Clearing services in Mumbai. KVB also offers a robust internet banking service, where customers can easily make fund transfers using IFSC codes and with the beneficiary’s account number. The bank also provides other services like mobile banking and phone banking services to customers.
14th August 2015
On July 6, 2015, Karur Vysya bank, one of the leading private sector banks, opened two branches in Tamil Nadu. The new Karur Vysya bank (KVB) branches are set up at Madurai and Coimbatore. The bank is one of the oldest private sector banks in the country. It has been recognized by Reserve Bank of India (RBI) for implementing Speed Clearing in Mumbai. The branch specific IFSC Codes for Karur Vysya Bank is necessary when you transfer amounts within the bank or to an account from a different bank.
10th July 2015
Karur Vysya Bank (KVB) opened a new branch in Bangalore on July 6th, 2015. The new branch is located on Outer Ring Road, Opp. Sirki Apartments, Satellite town, Kengari. Karur Vysya Bank, started in 1916, is a private sector lender which the RBI has identified to implement Speed Clearing at Mumbai.
The bank recently opened 5 new branches on July 1st, 2015 at Alwar (Rajasthan), Sivagangai (Tamil Nadu), Guntakal (Andhra Pradesh) and two more in New Delhi. The IFSC codes of these new branches will be available on the BankBazaar website.
06th July 2015
|• KVB Ahmedabad Satellite Town Branch||• KVB Avinashi Branch||• KVB Brahmapuram Branch|
|• KVB Chennai Anna Nagar Branch||• KVB Chennai Ashok Nagar Branch||• KVB Chennai Atm Cell Branch|
|• KVB Chennai Egmore Branch||• KVB Chennai KK Nagar Branch||• KVB Chennai Kodambakkam Branch|
|• KVB Chennai Medavakkam Branch||• KVB Chennai Mohappair Branch||• KVB Chennai Nungambakkam Branch|
|• KVB Chennai Pallavaram Branch||• KVB Chennai Purasawalkam Branc||• KVB Chennai Saidapet Branch|
|• KVB Chennai Teynampet Branch||• KVB Chittoor Sri Kalahasti Branch||• KVB Coimbatore Avinashi Road Branch|
|• KVB Coimbatore Dr Nanjappa Road Branch||• KVB Coimbatore Kct Ec Branch||• KVB Coimbatore Main Branch|
|• KVB Coimbatore Saravanampatti Main Branch||• KVB Coimbatore Singanallur Branch||• KVB Ernakulam Branch|
|• KVB Erode Sampath Nagar Branch||• KVB Godown Street Branch||• KVB Guntur Laxmipuram Branch|
|• KVB Hosur Bathalapalli Branch||• KVB Kannur Branch||• KVB Kanpur Branch|
|• KVB Karur Central Branch||• KVB Karur Thanthonimalai Branch||• KVB Kolkata Shakespeare Sarani Branch|
|• KVB Mumbai Nerul Branch||• KVB Palladam Branch||• KVB Pondicherry Lawspet Branch|
|• KVB Pondicherry Villianur Branch||• KVB Pothumbu Branch||• KVB Salem Alagapuram Branch|
|• KVB Salem Idappadi Branch||• KVB Salem Omalur Branch||• KVB Salem Shevapet Branch|
|• KVB Somanur Branch||• KVB Theni Branch||• KVB Tiruchirapalli Main Branch|
|• KVB Tirupur Mannarai Branch||• KVB Trichy Srinivasa Nagar Branch||• KVB Vaniyambadi Branch|
|• KVB Vijayawada Gowernorpet Branch||• KVB Visakhapatnam Pedawaltair Branch|| |