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Karnataka Bank IFSC Code: MICR Codes & Branch Addresses in India

Karnataka Bank is one of the leading private banks in India with an expertise of more than 90 years. Its headquarter is located in Mangaluru, Karnataka. The bank has a network of 836 branches with over 1000 ATMs spread across the country.

IFSC is an abbreviation for the Indian Financial System Code. It is a unique alphanumeric code consisting of eleven digits that are used to identify the recipient bank branch during online fund transfer. IFSC enables the transfer of money through NEFT or National Electronic Fund Transfer, RTGS or Real-Time Gross Settlement and Immediate Payment Service or IMPS.

Every bank in India is provided with an IFSC code by the Reserve Bank of India (RBI). The Karnataka Bank IFSC Code starts with the letters KARB, which denotes the bank code. This bank code is common to all the branches of the Bank. The last six digits of the Karnataka Bank IFSC Code stand for the branch code that is unique to each of its branch. The bank code and the branch code is separated with the number zero (0).

About Karnataka Bank

Karnataka Bank is a Class ‘A’ scheduled commercial bank that has been providing financial services since 1924. It has its corporate office in Mangaluru, Karnataka. It also has an international division located in Mumbai, Maharashtra. The Bank offers one of the most advanced banking services using modern information technology.

Karnataka Bank has implemented a Disaster Recovery Centre that will back up all its data and provide continuous services in the event of a natural disaster. Moreover, the Bank was awarded runners up position for the ‘Most Customer Centric Bank’ under small bank category at the IBA Banking Technology Awards 2019.

How to Search Karnataka Bank IFSC Code & MICR Code Online?

The details on Karnataka Bank IFSC Code and MICR Code are easily available online. The MICR Code or the Magnetic Ink Character Recognition Code is a unique nine-digit code that helps to identify the participating bank during ECS or Electronic Clearing System.

You can find the Karnataka Bank IFSC Code and MICR Code for a branch by visiting the official website of the Bank. You can also find the IFSC details of Karnataka Bank on the official website of the RBI by entering the full name of the bank and the branch.

How to Search Karnataka Bank IFSC Code & MICR Code Offline?

The Karnataka Bank IFSC Code and MICR Code are mentioned on the cheque book and passbook provided by the Bank. The IFSC Code is mentioned on the top of each cheque leaf and the MICR Code is mentioned at the bottom of every cheque leaf.

Karnataka Bank IFSC Code

Information Needed to Transfer Funds through Any Mode of Payment

In order to transfer funds from your Karnataka Bank account using the NEFT, RTGS or IMPS mode of payment, you need to have the following information:

Name of the Beneficiary
Beneficiary’s Account Number
Name of Beneficiary’s Bank
IFSC Code of the Beneficiary’s Bank Branch
Amount to be transferred

How to Transfer Money through Karnataka Bank NEFT and RTGS Processes?

National Electronic Funds Transfer (NEFT)

NEFT is an online fund transfer system that enables a bank account holder to send money from one bank branch to another within the country. The Reserve Bank of India had introduced this system to ensure a smooth transfer of funds between the branches of two different banks. However, the participating banks should be NEFT enabled to be able to transfer funds.

Karnataka Bank offers NEFT services at all its core banking branches. Customers can avail the service via internet banking, mobile banking or by visiting a branch of Karnataka Bank. The fund transfer request is settled by Karnataka Bank in 11 hourly batches. Thus, the transfer is reflected in the recipient bank account on the same day or by next day. In case the funds have to be transferred to a bank account of Karnataka Bank, the sender needs to know the Karnataka Bank IFSC Code for the recipient’s branch.

There is no minimum or maximum transaction amount for transferring funds via NEFT.

Real-Time Gross Settlement (RTGS)

RTGS is an acronym for Real-Time Gross Settlement. It is a faster online fund transfer system that settles funds continuously on order per order basis. This system is regulated by the Reserve Bank of India and can be accessed by the customers of an RTGS-enabled bank branch. It allows bank customer to transfer funds to another bank account of the same bank or to a different bank. The beneficiary bank is supposed to credit the transferred funds to the beneficiary’s account within 30 minutes of receiving the transfer message.

All core banking branches of Karnataka Bank offers RTGS facilities to its account holders. The Bank allows its customers to transfer money securely through internet banking, mobile banking and by visiting their branch. It is important to be aware of the Karnataka Bank IFSC Code for the beneficiary’s branch in order to send money to an account holder of this Bank.

The minimum amount that can be transferred via RTGS is INR 2 lakh. However, there is no upper transaction limit for the transfer of funds via RTGS.

Immediate Payment Service (IMPS)

IMPS is the fastest mode of sending money from one bank account to another. It allows a bank account holder to transfer money instantly to another bank account within the same bank or in a different bank. The service can be availed through mobile banking and thus, can be accessed 24x7. In fact, the IMPS facility is also available on public holidays and national holidays.

Customers of Karnataka Bank can use IMPS facility to make an instant transfer of funds from one bank account to another. The IMPS facility can be used to make Person-to-Person (P2P) fund transfer and Person-to-Account (P2A) fund transfer. However, P2A transfers to a Karnataka Bank account can be made only if the sender is aware of the Karnataka Bank IFSC Code for the beneficiary’s branch.

Karnataka Bank allows a maximum of INR 2,00,000 to be transferred through IMPS mode.

Karnataka Bank NEFT Fees and Charges

NEFT Timings

Between 8:00 am to 7:00 pm
From Mondays to Saturdays (except second and fourth Saturday)

RTGS Requisition Timings

Between 8.00 am to 6 pm
From Mondays to Saturdays (except second and fourth Saturday)

RTGS Timings for Processing at RBI

From 8.00 am to 6:00 pm
From Mondays to Saturdays (except second and fourth Saturday)

Charges for NEFT/ RTGS/ IMPS (Excluding GST) are:

Karnataka Bank does not charge any fee for making an inward transfer of funds between two bank accounts in its own branches. However, if you make a fund transfer via NEFT, RTGS or IMPS to a bank account outside of Karnataka Bank, you will be levied with the following charges:

Service	Transaction Limit (INR)	Charges (INR)
NEFT (outward)	Up to 10,000	2.25
	10,001 to 1,00,000	4.75
	1,00,001 to 2,00,000	14.75
	More than 2,00,000	24.75
RTGS (outward)	2,00,000 to 5,00,000	25
RTGS (outward)	More than 5,00,000	50
IMPS (outward)	Up to 1,000	Zero
	1,001 to 1,00,000	5
	More than 1,00,000	15

Karnataka Bank - FAQs

Q.1 Who can use NEFT facility to transfer funds?

Individuals, companies and corporations, who maintain a Karnataka Bank account, can transfer funds through NEFT.

Q.2 Is NEFT branch-specific or is available without any geographical restriction?

NEFT facility is not restricted to a branch or a geographic location, provided the participating banks are within the borders of our country. Money can be sent to any branch of Karnataka bank using the account number of the beneficiary and his Karnataka Bank IFSC Code.

Q.3 What will happen if the funds I transferred did not get credited to the beneficiary’s account?

If for any reason the funds have not been credited to the beneficiary’s account, the entire amount will be returned to the sender’s account.

Q.4 What should I do in case of a delay or non-credit of funds to the beneficiary account?

In case of a delay or non-credit of funds to the beneficiary’s account, you should contact your Karnataka Bank branch.

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