Karnataka Bank
SHIMOGA SHANKAR MUTT CIRCLE BRANCH
+919481285370
Understanding IFSC Code: The Digital DNA of Karnataka Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the SHIMOGA SHANKAR MUTT CIRCLE
branch of Karnataka Bank, the code KARB0000745 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the KARB0000745 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"KARB" represents Karnataka Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for SHIMOGA SHANKAR MUTT CIRCLE
Payment Systems Supported by KARB0000745
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—577052207—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Karnataka Bank in SHIMOGA typically follows the RBI holiday calendar. Digital transfers via KARB0000745 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While KARB0000745 is the valid code for SHIMOGA SHANKAR MUTT CIRCLE at SHIMOGA, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Karnataka Bank Branch List
- • SHIMOGA IFSC Codes
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Financial Tools
- • GST Calculator Online
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Branch Context
- • SHIMOGA SHANKAR MUTT CIRCLE Contact
- • Address of Karnataka Bank
- • MICR Code Finder
- • KARNATAKA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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