What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Karnataka Bank Limited Nasik - Indira Nagar Nasik Branch IFSC/MICR Code Details
Bank Name KARNATAKA BANK LIMITED
Address GROUND FLOOR, SHOP NO.1&2,SAI VILLA APARTMENT,PLOT NO.2B,WADALA-PATHARDI,INDIRA NAGAR,NASIK - 422009
State MAHARASHTRA
District NASIK
Branch NASIK - INDIRA NAGAR
IFSC Code KARB0000643
Branch Code 000643 (Last six characters of IFSC code represent Branch code.)
MICR Code 422052003
Contact Phone 9168626833
via https://bankingzone.in/ifsc

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