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 Negalur Haveri Branch IFSC/MICR Code Details
Bank Name KARNATAKA VIKAS GRAMEENA BANK
Address NEGALUR BRANCH JRY BUILDING, BAZAR ROAD, NEGALUR - 581 155. TQ. HAVERI, DIST. HAVERI.
State KARNATAKA
District HAVERI
Branch NEGALUR
IFSC Code KVGB0007208
Branch Code 007208 (Last six characters of IFSC code represent Branch code.)
MICR Code 581483523
Contact Phone 220660
via https://bankingzone.in/ifsc

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