Karnataka Bank IFSC Code (Indian Financial System Code) is an 11-character alphanumeric code used to identify its branches for various monetary transactions including IMPS, NEFT and RTGS.
Karnataka Bank IFSC Code Format
Karnataka Bank IFSC comprises of an 11-digit alphanumeric code that is unique to the banking institution and all its branches. The first four characters represent the bank name and the last six characters represent the branch. The fifth character is usually a zero and has been saved for future use. The code of every branch is mentioned on the cheques of the account holder.
| Karnataka Bank Code | Zero | Karnataka Bank's Branch Code | ||||||||
| K | A | R | B | 0 | 0 | 0 | 0 | 2 | 6 | 1 |
In the above example, KARB0000261 is IFSC Code for Karnataka Bank's Sector-14, Gurgaon branch.
‘KARB’ is the bank code followed by a ‘0’ and ‘000261’ indicates the bank branch which is Sector-14, Gurugram.
How does the IFSC Code of Karnataka Bank works?
IFSC Code is used in the process of fund transfer using NEFT, RTGS, and IMPS modes. Each Karnataka Bank's branch has a unique IFSC code. These are the codes that are required to do NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement).
If one wants to send money or transfer funds via any fund transfer mode (i.e NEFT, RTGS etc) to a Karnataka Bank's account holder, simply enter the payee's bank account number and IFSC code of the Karnataka Bank's receiving branch.
How to find Karnataka Bank IFSC Code & MICR Code?
Below are the different modes to look for Karnataka Bank's IFSC Code and MICR Code for any branch:
1. IFSC Search Tool offered by Paisabazaar
Log on to Paisabazaar.com and navigate to the IFSC Code Locator in the Tools menu. On that page, input details such as Bank, State, City and Branch Name to get the IFSC instantly.
2. Cheque Leaf and Bank Passbook
IFSC code can be found on cheque leaf and bank passbook of the Karnataka Bank. The image below will help understand better:
IFSC code is mentioned at the top of the cheque whereas Cheque number and Karnataka Bank MICR code are placed at the bottom of the cheque.
What is MICR code?
Magnetic Ink Character Recognition Code (MICR) is a 9 digit code used for faster processing of cheques. The first 3 digits define the city code, the next 3 digits represent the bank code and the last three digits are the code of the bank branch.
3.Reserve Bank of India
The RBI maintains a record of a list of IFSC codes for banks offering online fund transfer facilities to the consumers. One can visit the RBI website to get the IFSC Code for the desired bank branch.
4.Karnataka Bank Netbanking / Mobile Banking
The IFSC code of Karnataka Bank can also be found on various digital banking platforms like the official netbanking portal and mobile banking app provided by the bank.
What are the different modes of fund transfer using Karnataka Bank IFSC Code?
Banks provide multiple transfer methods such as National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), Immediate Payment Service (IMPS) etc. Based on the value of the transaction, the speed of transfer, service availability, and other factors, each of the transfer will provide different kinds of features and flexibility
| NEFT | RTGS | IMPS |
| With NEFT, one can transfer money to the recipient’s account on a one-on-one transfer basis with the help of Karnataka Bank IFSC Code. | Business owners can use RTGS when they need to transfer large amounts and the amount is transferred in real time. | IMPS is another real-time payment service, but the distinguishing factor is that IMPS is available 24*7. |
| To transfer funds via NEFT, log in to the net banking portal and add the recipient as a beneficiary. Enter details like their name, account number, account type and IFSC code under the Add New Payee section. Choose NEFT as the preferred mode of transfer and enter the amount to be transferred, the fund transfer will be completed. | To transfer funds via RTGS, log in to the banking portal and add the recipient as a beneficiary by entering details like their name, account number, account type, and IFSC code. Then choose RTGS as the mode of transfer and enter the amount to be transferred, and the fund transfer will be completed. | Log in to the net banking portal and select IMPS as the preferred mode of transfer. Then fill in details like the recipient’s mobile number, the recipient’s MMID, the amount to be transferred, and the MPIN. |
About Karnataka Bank
Karnataka Bank is a type of public banking institution with the designation of ‘’A’’ class scheduled commercial bank by the RBI. It was established in the year 1924 and aims at providing banking and financial products and services. It’s headquartered in Mangalore, Karnataka, India.