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You can access your bank account as well as carry out any banking transactions from the comfort of your home. Nowadays you don't need to visit a branch. So, if you want to transfer money, you can take advantage of online services such as National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) and transfer the required funds conveniently. Such quick transfers are possible via the Indian Financial System Code (IFSC) and the Magnetic Ink Character Recognition Code (MICR). Let's understand more about what this means for a Karnataka Bank customer.

Karnataka Bank IFSC Code

The Indian Financial System Code or IFSC is a unique 11-digit code that is a combination of alphabets and numbers. It is unique to every branch, and no two branches can have the same code. An IFSC code is mandatory to transfer funds via NEFT, RTGS, and IMPS. The Karnataka Bank IFSC code is a combination of three sections: the first four letters identify the bank, the fifth character is a zero followed by 6 digits that denote the bank’s branch.

For example, the Karnataka Bank IFSC code for its Jabalpur branch in Madhya Pradesh is KARB0000369. Here, KARB is used to identify Karnataka Bank, then a zero, and then 6 digits that identify the specific branch in Jabalpur city.

About Karnataka Bank

Karnataka Bank Limited was founded on February 18th, 1924 in a coastal town called Mangaluru in the Karnataka state. Emerging as a leading financial service institution, Karnataka Bank offers a plethora of services to its customers. As a leading provider of banking services and quality customer service, the bank has 864 locations throughout 22 states and two union territories.

How to Find the Karnataka Bank IFSC Code and MICR Code Online?

You can find the Karnataka Bank IFSC code both online and offline. For finding out the IFSC code online on their website, you can follow these steps:

  • Step 1: Select the name of the state where the bank is located

  • Step 2: Then, select the name of the district

  • Step 3: Lastly, choose the area of the Karnataka Bank branch

  • Step 4: The Karnataka Bank IFSC code for the particular branch will now be displayed on your screen

How to Find Karnataka Bank IFSC Code and MICR Code Offline?

  • Finding the Karnataka Bank MICR code and IFSC code is a very simple process, especially if you are an existing account holder.

  • Both these details can be found on each leaf of the Karnataka Bank cheque book as well as on the first page of the passbook.

How to Transfer Money via Karnataka Bank through NEFT?

National Electronic Funds Transfer (NEFT) is an electronic fund transfer facility that allows transactions between banks.

  • Step 1: It saves you the time and effort of visiting the bank for any fund transfer. To transfer money via Karnataka Bank through NEFT, simply login to the bank’s official website, add beneficiary details like bank name, bank account number, and IFSC code.

  • Step 2: Then enter the amount you wish to transfer and confirm. Apart from Sundays and public holidays, the NEFT facility is available on all days between 11:00 am to 7:00 pm.

For transferring funds through this medium, you are also required to pay certain charges:

NEFT Transaction


NEFT transfers up to Rs. 10,000

Rs. 2.5

NEFT transfers between Rs. 10,000- Rs. 1 Lakh

Rs. 5

NEFT transfers between 1 Lakh – 2 Lakhs

Rs. 15

NEFT transfers above Rs 2 Lakhs

Rs. 15

How to Transfer Money via Karnataka Bank through RTGS?

  • Real-Time Gross Settlement (RTGS) is another money transfer method that cannot be reversed. You can use it to transfer money above Rs. 2 Lakhs very conveniently.

  • The money is credited to the beneficiary’s account on a real-time basis. The transfer can be done via mobile banking, online banking, or at the bank branch.

  • It is to be noted that there are some charges levied on the transactions such as Rs. 25 for funds between Rs. 2 Lakhs -Rs. 5 Lakhs and Rs. 50 for funds above Rs. 5 Lakhs.

How to Transfer Money via Karnataka Bank through IMPS?

  • IMPS or Immediate Payment Service is regarded as one of the most secure and quick methods of money transfer.

  • This option allows easy transfer of the amount from your account to the beneficiary’s account by mentioning the IFSC code and bank account number.

  • To avail of this 24x7 facility, you require a valid MMID along with a device with an Internet connection.

Information Required for Transferring Funds with Karnataka Bank

Typically, to transfer funds from one Karnataka Bank account to another account anywhere in India, you will need details like the name of the beneficiary, their bank account number and branch details, IFSC code, and the exact amount you wish to transfer.

FAQs on Karnataka Bank IFSC Code

  • ✔️Where can I find the MICR code for Karnataka Bank?

    The 9-digit MICR code is located at the bottom right-hand side of every Karnataka Bank cheque leaflet, printed adjacent to the cheque number.

  • ✔️What is an IFSC code?

    An IFSC code is a unique 11-digit number that is a combination of alphabets and numbers used to identify a particular bank branch.

  • ✔️Has Karnataka Bank merged with another bank?

    Karnataka Bank has merged with the Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd., and Bank of Karnataka.

  • ✔️What is the BSR Code of Karnataka Bank?

    Basic Statistical Return Code (BSR Code) is a seven-digit code where the first three digits represent the bank and the remaining four digits represent the branch.

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