Karur Vysya Bank IFSC Code Ahmadabad | Gujrat

Karur Vysya bank is one of the oldest private sector banks in India which is headquartered in Karur, Tamil Nadu. It is the oldest as it was established in 1916 by M.A Venkatarama Chettiar and Athi Krishna Chettiar. The bank has a total of 677 branches and 1688 ATM networks.

The bank provides various products and services such as Savings Accounts, Fixed Deposits, NRI Banking, Loans, Internet Banking, and Cards etc.

IFSC Code of KVB, Ahmadabad

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:

• RTGS (Real Time Gross Settlement) 
• 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. KVBL
• The fifth character is always 0
• And the last character represents the branch address i.e. 002201

[The IFSC Code used in above example is of Ashram Road, Ahmadabad i.e. “KVBL0002201”].

Ahmadabad is the largest city in the state of Gujarat. It was the capital of the state before 1970 and is now the administrative center of Ahmadabad district. The city has grown into one of the most important modern cities of India. It is an interesting combination of traditions, and modernism, Ahmadabad captures all visitors with its diversity of places, religious, and ethnic communities.