Karnataka Bank IFSC Code Lucknow - Uttar Pradesh

Karnataka Bank is a major banking institutions based in the coastal city of Mangalore in Karnataka, India. It is a public banking institutions and scheduled by RBI (Reserve Bank of India). Karnataka bank was established in the year 1924 and aims at providing banking and financial products and services.

Karnataka bank has a wide network of 678 branches and a total of above 1000 ATMs spread across 21 states and 2 union territories.

Karnataka Bank IFSC Code, Lucknow

Reserve Bank of India (RBI) has launched IFSC codes which stand for Indian Financial System Code. This code was introduced by the RBI in order to ensure security and safety of the transactions. IFSC Code also helps in indentifying the bank and branch where the account of the beneficiary is held. RBI has also mandated IFSC code for different bank transactions. The IFSC code helps in recognizing each and every bank and its branches separately. The IFSC Codes follow two payment and settlement systems in India which are as follows:

1. RTGS (Real Time Gross Settlement) 
2. NEFT (National Electronic Fund Transfer) 

IFSC Code is 11- digit code assigned by the Reserve Bank of India (RBI) to every bank as a part of NEFT / RTGS.

In IFS Code

• First four characters identify the bank name i.e. KARB
• The fifth character is always 0
• And the last character represents the branch address i.e. 000453

[The IFSC Code used in above example is of B.N Road, Lalbagh, Lucknow i.e. “KARB0000453”].

Lucknow is one of the largest cities in northern India. It is also the capital of the state of Uttar Pradesh. This bustling city, famed for its Nawabi era fineness and amazing food, is a unique mix of the ancient and the modernity. It is also home to extraordinary monuments which depicts a fascinating blend of ancient, colonial and oriental architecture.