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 Mugalakhod Bagalkot Branch IFSC/MICR Code Details
Bank Name KARNATAKA VIKAS GRAMEENA BANK
Address MUGALKHOD BRANCH A.P.SUNAGAD BUILDING MUGALKHOD - 587 113, TQ MUDHOL.DIST BAGALKOT.
State KARNATAKA
District BAGALKOT
Branch MUGALAKHOD
IFSC Code KVGB0001508
Branch Code 001508 (Last six characters of IFSC code represent Branch code.)
MICR Code 587483531
Contact Phone 248006
via https://bankingzone.in/ifsc

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