KARB0000503 IFSC Code, KARNATAKA BANK, MOHALI PUNJAB

IFSC Code of Karnataka Bank, Mohali Punjab, Punjab IFSC CODE & MICR CODE

KARNATAKA BANK, MOHALI PUNJAB - KARB0000503

  • Bank name: KARNATAKA BANK

Bank Address: Sco 121&122,phase-3-b-ii,s A S Nagar,mohali, Pin - 160059

  • IFSC Code karb0000503
  • Bank Code KARB
  • Bank name KARNATAKA BANK
  • Bank contact number +911722264884
  • Bank branch MOHALI PUNJAB
  • Bank ISO3166 Code IN-PB
  • Bank Center ROOPNAGAR
  • MICR Code 160052003
  • State name PUNJAB
  • District name ROOPNAGAR
  • City name MOHALI
  • Swift Swift not provided
  • IMPS No
  • NEFT No
  • UPI No
  • RTGS No

What is an IFSC Code?

The Indian Financial System Code (IFSC) is an 11-character alphanumeric code used to uniquely identify a bank branch for online fund transfers. The IFSC code for KARNATAKA BANK, MOHALI PUNJAB branch is KARB0000503, ensures that your transactions are directed to the correct branch.

How to Use KARB0000503 for Transactions?

  • NEFT: Use the IFSC code to transfer funds quickly to accounts in other banks.
  • RTGS: For high-value transactions, the IFSC code ensures your payment is processed instantly.
  • IMPS: The IFSC code allows 24/7 fund transfers, including weekends and holidays.

What is a MICR Code?

The Magnetic Ink Character Recognition (MICR) code is a 9-digit code used for processing paper-based transactions, such as cheques. For the MOHALI PUNJAB branch, this code complements the IFSC code for efficient banking operations.

Benefits of Using the Correct IFSC Code

  • Accuracy: Ensures your funds are directed to the right branch.
  • Security: Prevents fraudulent transactions by uniquely identifying each branch.