Karnataka Vikas Grameena Bank IFSC Code and MICR Code

Find Karnataka Vikas Grameena Bank IFSC Code, MICR Code and branch details for NEFT, RTGS & IMPS transactions.

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Karnataka Vikas Grameena Bank IFSC Code, MICR Code and SWIFT Code

Do you ever wonder what importance your IFSC code holds? The Indian Financial System Code or IFSC is a credential required for several banking operations. Similarly, your Karnataka Vikas Grameena Bank IFSC Code is a unique code that represents your bank branch.

The unique IFSC code plays a significant role in identification. At the same time, it is also required to complete transactions through electronic payment systems like NEFT, RTGS, and IMPS. The RBI also uses the IFSC code to monitor all your transactions in order to ensure that all of them are completed safely.

MICR code is also a distinct code, crucial to making cheque transfers. You can find your MICR code on the cheque leaf, and it is needed by the bank to process, verify and clear cheque payments. 

If you wish to get further information on all the aspects of these codes and how to use them to make electronic transfers, then refer to our detailed guide.

Karnataka Vikas Grameena Bank IFSC Code


Your Karnataka Vikas Grameena Bank IFSC Code is an alphanumeric code consisting of 11 digits. You can obtain the specific code from your bank passbook as well as other bank documents provided to you. 

It is among the most necessary details that you must fill in while completing many online transactions. This code can help you complete fast and secure paperless transactions.

Your bank needs this coded information to recognize the payment source and destination. It is also helpful in facilitating interbank communication.

The IFSC code is always present in a specific format, ABCD0123456. For example, the Karnataka Vikas Grameena Bank Raibag branch IFSC code is KVGB0002712. 

  • The first four digits (KVGB) represent the name of your bank, 
  • the fifth digit is always a zero (0), 
  • However, the last six digits (002712) represent the branch code. 

Karnataka Vikas Grameena Bank MICR Code

Your Karnataka Vikas Grameena Bank MICR Code is a special nine-digit code. But, it has an entirely different function altogether. This code is needed for the processing and clearing of cheque transfers. 

You can spot the MICR code on your cheque leaf. This code is printed using the MICR or Magnetic Ink Character Recognition technology.

The MICR code consists of nine characters, and it is always in the format 123456789. For example, the MICR code of the Raibag branch is 591483554. Here,

  • The first three digits (591) indicate the city name and are aligned with the PIN code,
  • The following three digits (483) represent your bank, 
  • And the last three digits (554) indicate the bank branch.

How to find the IFSC Code & MICR Code of Karnataka Vikas Grameena Bank?


The Karnataka Vikas Grameena Bank IFSC code and MICR code are necessary credentials, and you should always have knowledge of the same. They are required to make payments through various electronic methods. 

You can acquire these codes in several different ways. Some are explained ahead:

Find Your Bank

Find Your Bank is an online webpage and is among the top options to redeem your IFSC and MICR codes. It offers numerous other banking-related information and services that you can enjoy. 

To get the IFSC and MICR code of your bank branch, you need to simply visit the official website of Find Your Bank and enter the given data:

  • Name of the bank
  • State
  • District
  • Branch
  • Click ‘Enter’

Once you are done filling in all of the above information, click enter, and you will be provided with all the necessary codes in the search results. Find My Bank has also crafted an innovative mobile application that makes getting these codes even easier. 

Bank Documents

The bank documents that the bank provides you always contain important credentials. You can obtain your Karnataka Vikas Grameena Bank IFSC and MICR codes from the bank passbook and cheque book. 

In the passbook, the codes can be found printed on the first page, and in the cheque book, you can find these mentioned among other details on a cheque leaf. 


Your Karnataka Vikas Grameena Bank IFSC code and MICR code can also be obtained from the official website of the RBI. Reserve Bank of India stores an inventory of the IFSC and MICR codes for the branches of all the banks located in India.

Netbanking or Mobile Banking

The Net Banking or Mobile portal of Karnataka Vikas Grameena Bank is another way to get information about your codes. You need to first log in using your username and password. Once logged in, you can explore the given options and find the most suitable one to get a hold of the desired codes. 

Contact the Bank

In case none of these methods work out for you, don’t worry. You can simply approach the customer care unit of your respective home branch, and they will guide you with everything.

How to Transfer Money through NEFT, RTGS & IMPS processes of Karnataka Vikas Grameena Bank?


In this era of paperless transactions, people mostly go for electronic fund transfer methods like NEFT, RTGS & IMPS instead of using offline banking services due to quick and convenient online services. 

The convenient part is that you can redeem all these services from the comfort of your home just by using a few details. Along with the Karnataka Vikas Grameena Bank IFSC code, you will need the following credentials:

  • The amount of transaction
  • Beneficiary’s bank name
  • Beneficiary’s name
  • Account number of the remitter
  • Account number of the beneficiary
  • IFSC Code of the beneficiary’s branch
  • Sender to receiver information, if applicable

These details will always come in handy to you when you carry out payments via electronic transaction systems.

NEFT or National Electronic Fund Transfer

National Electronic Fund Transfer, or NEFT, is a popular electronic payment system, and it was initiated by the Reserve Bank of India. It is among the most used transaction methods due to its speedy action. NEFT transfers work in settlements of batches and are based on the DNS or Deferred Net Settling system.

The details of the NEFT service provided by Karnataka Vikas Grameena Bank are mentioned ahead:

Timings Available at all times
Charges applicable

Rs. 4 per transaction up to Rs.1 lakh

Rs. 14 per transaction above Rs.1 lakh to Rs.2 lakh

Settlement Batches
Maximum and Minimum limits No limits on NEFT

GST applicable.

Payments through NEFT can be completed using the Netbanking or Mobile banking service of your bank. Firstly, you need to log in to the respective platform and select the NEFT option. 

Then, add your beneficiary by filling in the required information. Before you complete the entire transaction, make sure you read the terms and conditions thoroughly.


RTGS or Real-Time Gross Settlement, another electronic transaction method, works on a real-time settlement. By real-time, it refers to the settlement of transactions at the time of receipt only. 

These transactions are based on an individual or gross system. Payments made through RTGS are not reversible, and therefore, it is usually used for a higher amount of payment.

Timings Bank working hours
Charges applicable

Rs. 25 per transaction above Rs.2 lakh- Rs 5 lakh

Rs. 55 per transaction above Rs.5.00 lakh

Settlement Real-time
Minimum and maximum limit

The minimum limit is Rs. 2 lakhs

There is no maximum limit


To send money using the RTGS service, you need to first log in to the online or mobile banking service. Then, select the RTGS option from the fund transfer menu and fill in the Karnataka Vikas Grameena Bank IFSC code along with other credentials that were mentioned above. 

Before you complete the transaction, make sure to check the entered information and carefully read the terms and conditions.

IMPS or Immediate Payment Service

IMPS or Immediate Payment Service is an instant electronic fund transfer system that is available at all times, even on bank holidays. It is a common choice among people who want instantly settled transactions. At the same time, IMPS is defined to be very convenient. 

To use the IMPS service, you can go to the net or mobile banking portal of Karnataka Vikas Grameena Bank. Complete a successful IMPS transaction by entering the following details:

  • MMID or Mobile Money Identifier code 
  • MMID code of the beneficiary
  • Account number of the beneficiary
  • Your mobile number 
  • The AADHAR card number of beneficiary
  • IFSC code of beneficiary’s branch
Timings Available all times
Settlement Instant

Up to Rs. 1 Lakh - Rs. 5

Rs. 1 Lakh to Rs. 2 Lakhs - Rs. 15

Minimum limit Rs. 10
Maximum limit Rs. 2 Lakhs


To make a payment through the IMPS service, log in to the mobile application of Karnataka Vikas Grameena Bank with your credentials. Then, select the ‘IMPS’ option from the fund transfer menu and then enter all the details required, as mentioned in the article. 

A passcode will be sent to you during the transaction, and you need to fill it in to complete the transaction successfully. Once you enter the passcode and complete verification, an affirmation message will be sent to you along with the transaction number on your registered mobile number. 

This will indicate that your transaction is completed. You can use this transaction number given to you to keep track of the transaction as well as to seek help if any inconvenience occurs.

To receive money, in the same way, using the above electronic transfer methods, you need to provide the remitter with the required details of your bank account and branch.

About Karnataka Vikas Grameena Bank


Karnataka Vikas Grameena Bank is a regional rural bank. It came into existence on the 12th of September, 2005 through the amalgamation of four regional rural banks, namely, Malaprabha Grameena Bank, Bijapur Grameena Bank, Varada Grameena Bank, and Netravathi Grameena Bank. 

Karnataka Vikas Grameena Bank has a solid network of branches operating in nine districts of Karnataka. The bank is centred around the upliftment of the people by catering to their financial needs. 

It is dedicated to serving the weaker sections and the needy masses present in the state. The bank provides various financial services, from deposit accounts to various loan schemes. It is a secure and trusted bank and is known for its quality services.


1) How can I check my Karnataka Vikas Grameena balance?

To check your Karnataka Vikas Grameena Bank balance, you can either give a missed call on the balance inquiry number 1800 425 1666 to get the account balance instantly through SMS, or you can send an SMS to 1800 425 1666 with the text ‘SET.’

Other ways to check the account balance are through internet banking or using the ATM service.

2) How can I get access to a mini statement of Karnataka Vikas Grameena Bank?

To get a mini statement, you can make a missed call to the balance inquiry number 1800 425 1666 or send an SMS containing ‘SET’ to 1800 425 1666.

3) What’s the eligibility criteria to open a bank account in Karnataka Vikas Grameena Bank?

Any resident individual above the age of 18 or associations, businesses, and other groups permitted by the RBI can open a bank account successfully. Minors above the age of 10 can also open an account under the guidance of a guardian.

4) Where is the Karnataka Vikas Grameena Bank headquarter?

The headquarters of Karnataka Vikas Grameena Bank is in the district of Dharwad, Karnataka, India.

5) What information is required for transferring funds using Karnataka Vikas Grameena Bank?

To transfer funds using various services provided by the Karnataka Vikas Grameena Bank, you will need your Karnataka Vikas Grameena Bank IFSC code as well as other important credentials like the account and branch details as mentioned in the article.