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 Bannur Haveri Branch IFSC/MICR Code Details
Bank Name KARNATAKA VIKAS GRAMEENA BANK
Address PANCHAYAT BUILDING BANNUR TQ. SHIGGAON PIN 581 205
State KARNATAKA
District HAVERI
Branch BANNUR
IFSC Code KVGB0007608
Branch Code 007608 (Last six characters of IFSC code represent Branch code.)
MICR Code 581483595
Contact Phone 0
via https://bankingzone.in/ifsc

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