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Karnataka Gramin Bank

HAIKAL BRANCH

+918194216628

IFSC CODE
PKGB0010618
MICR Code 577697564
Branch Code 010618
City / District CHITRADURGA
State KARNATAKA
Office Address THE MANAGER,KARNATAKA GRAMEENA BANK,HAIKAL BRANCH,CHITRADURGA TALUK,CHITRADURGA DISTRICT,PIN - 577 517
Phone +918194216628
📍 View Branch on Google Maps

Understanding IFSC Code: The Digital DNA of Karnataka Gramin Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the HAIKAL branch of Karnataka Gramin Bank, the code PKGB0010618 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 PKGB0010618 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"PKGB" represents Karnataka Gramin Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for HAIKAL

Payment Systems Supported by PKGB0010618

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—577697564—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 Gramin Bank in CHITRADURGA typically follows the RBI holiday calendar. Digital transfers via PKGB0010618 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 PKGB0010618 is the valid code for HAIKAL at CHITRADURGA, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

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Financial Tools

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Branch Context

  • • HAIKAL Contact
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Platform Links

  • • Anand Design DevBox
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  • • IFSC Finder v2.0

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