IFSC Code (The Indian Financial System Code) is an alphanumeric code which is used to transfer electronic funds in India.
KARNATAKA BANK LIMITED BIHAR ifsc code is a Unique code which identifies each bank branch. The main purpose of IFSC Code is to participate each bank branch in the two main payment and settlement systems in India.
1) RTGS : Real Time Gross Settlement 2) NEFT : National Electronic Fund Transfer
For Example :
KARNATAKA BANK LIMITED BIHAR ifsc code : KARB0000613 is 11 digit Unique IFSC Code.
First 4 characters represents Bank Code : KARB for Bank : KARNATAKA BANK LIMITED
5th character is Zero and it is reserved for future reference
Last 6 characters represents Branch Code : 000613 for Bank Branch PATNA
Anatomy of a Cheque
The above image represent cheque format which locates IFSC Code and MICR Code in Red Box
MICR code for karnataka bank limited bihar represents Magnetic Ink Character Recognition technology which is printed on cheques. This MICR Code is used for the identification of the cheques for faster processing.
MICR Code is a Unique code which identifies each bank branch. The main purpose of MICR Code is to participate each bank branch in an Electronic Clearing System (ECS).
MICR Code for KARNATAKA BANK LIMITED : 800052002 is 9 digit Unique MICR Code.
First 3 digits represents CityCode Code : 800 for City : PATNA
Middle 3 digits reprents Bank Code: 052 for Bank : KARNATAKA BANK LIMITED
Last 3 digits represents Branch Code : 200 for Bank Branch PATNA
Some of the most polular searches for IFSC code