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 Vikas Grameena Bank Mahalingapur Bagalkot Branch IFSC/MICR Code Details
Bank Name KARNATAKA VIKAS GRAMEENA BANK
Address MAHALINGPUR BRANCH SAKRI BUILDING, D.NO.57A, MAIN ROAD, MAHALINGAPUR -587 312, TQ MUDHOL. DIST BAGALKOT.
State KARNATAKA
District BAGALKOT
Branch MAHALINGAPUR
IFSC Code KVGB0001505
Branch Code 001505 (Last six characters of IFSC code represent Branch code.)
MICR Code 587483513
Contact Phone 270603
via https://bankingzone.in/ifsc

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