Karnataka Bank IFSC Code KARB0000340

Karnataka Bank – HOTHPET

IFSC Code: KARB0000340

MICR Code: 585052507

Branch: HOTHPET

Bank: Karnataka Bank

Address: MAIN ROAD, NEAR BUS STAND, HOTHPET GRAMA PANCHAYAT, VILLAGE HOTHPET – 585287

District: YADGIR

State: KARNATAKA

Contact: +918479293511

Indian Financial System Code (IFSC): KARB0000340

The IFSC is an 11-character alphanumeric code used to identify bank branches in India for electronic payment systems such as RTGS, NEFT, IMPS, and CFMS (managed by the Reserve Bank of India).

• The first four characters represent the bank name.
• The fifth character is always ‘0’ and is reserved for future use.
• Branch Code 000340. The last six characters denote the specific bank branch.

MICR Code (Magnetic Ink Character Recognition): 585052507

The MICR code is a unique code printed on cheques using magnetic ink. It helps in the secure and faster processing and clearance of cheques by identifying the bank and branch.