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Karnataka State Coop Apex Bank IFSC Code and MICR Code:

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Karnataka State Coop Apex Bank IFSC Code

The Karnataka State Cooperative Apex Bank

On 10th November 1915, The Karnataka State Co-Operative Apex Bank Ltd was registered under as “The Mysore Provincial Cooperative Bank Limited”, under the Mysore Co-operative Societies Act of 1905. It is to be remembered that the bank owes its origin largely to Sri. M.A. Narayan Iyengar, B.A., B.L., who was the Registrar of Co-operative Societies at that time. Its actual founder is Sri. Vardaraja Iyengar. In the open market, this bank is popularly known as “KSCABL”. It was founded with the main objective of successfully financing, thoroughly inspecting and best supervising the co-operative societies that are functioning in the Mysore State.


Karnataka State Co-operative Apex Bank Limited was formed with the amalgamation of the Mysore Provincial Co-operative Bank and the Bangalore Central Co-operative Bank plus to create a totally new Apex Bank. Its administrative office is located at No.1, Uthunga, Pampa Mahakavi Road, in Charmrajpet, in Bangalore, in the state of Karnataka, in South India. Its Agricultural Finance deals with Conversion of Loans, Short Term Finance - Seasonal Operations, Short Term Finance - Marketing of Crops and State Govt. Interest Subsidy Scheme for Ag. Loans. Its Retail Banking comes with Deposit Schemes, Loan Products and other services. Its Corporate Banking comes with Consortium Advances and Financing of Sugar Mills.


Basic of IFSC Code

Indian Financial System Code (IFSC) is an alphanumeric code which specifically identifies a Bank Branch participating in the two main Electronic Funds settlement system in India like Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT). IFSC code comprises of 11 characters that identifies bank branches participating in online fund transfers. IFSC code is utilized by the NEFT & RTGS to route the messages to the destination branches.


IFSC Code of Karnataka State Coop Apex Bank

Karnataka State Cooperative Apex Bank IFSC code can be used to transfer money online by NEFT and RTGS systems. Karnataka State Coop Apex Bank NEFT, RTGS and IMPS codes are offered by RBI. NEFT transactions are settled in batches while RTGS transactions are settled individually. An IMP presents an instant 24X7 electronic fund transfer. IFSC Code is an alphanumeric 11 character code to identify bank branches to transfer funds. This code is unique for each branch.


How to Search For IFSC Code of Karnataka State Coop Apex Bank?

It assists you to find out information about Karnataka State Coop Apex Bank Branches in India. You may exploit the search box or state wise list of Karnataka State Cooperative Apex Bank branches to find your branch. Enter branch name, district, city, state to find IFSC codes, branch address, location etc.


About MICR Code

MICR stands for Magnetic Ink Character Recognition. It contains numeric values and usually printed on cheque leaves. It is mainly used for processing cheques easily.


How to Search MICR Code of Karnataka State Co-operative Apex Bank

Karnataka State Coop Apex Bank MICR code is given in table alongside. Along this information, details such as address as well as contact numbers are also offered. You may narrow down search either by choosing any particular state from the drop down list or by choosing the state from MICR codes list given on the right side. One may find MICR Codes of Karnataka State Cooperative Apex Bank branches here.


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