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Karnataka Bank · Ramanagara

KARB0000581: Karnataka Bank, Magadi

IFSC code KARB0000581 belongs to the Magadi branch of Karnataka Bank in Ramanagara, Karnataka. Its MICR code is 560052080.

IFSC
KARB0000581
MICR
560052080
Bank
Karnataka Bank
Branch
Magadi
District
Ramanagara
State
Karnataka
Phone
+919972165689

Branch address

Karnataka Bank
Vasavi Temple Street, Rama Mandir Road, Magadi 562 120

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Payment systems

SystemOn RBI's list for this branchWhat it is for
NEFTYesTransfers of any amount, settled in half-hourly batches, all day
RTGSYesLarge transfers (₹2 lakh and above), settled one by one in real time
IMPSYesInstant transfers, any time, usually for smaller amounts
UPIYesPayments by UPI ID or mobile number from apps

Reading this IFSC

KARB is Karnataka Bank's bank code, the fifth character 0 is kept for future use, and 000581 is the code of the Magadi branch. In the MICR code 560052080, 560 is the city, 052 the bank and 080 the branch.

Other Karnataka Bank branches in Ramanagara

IFSC and your loan

When you take a loan through Oxon Fintech, the lending partner (a bank or NBFC) pays the money straight into your own bank account, so the application asks for your account number and its IFSC. Check both against your passbook or cheque book: a wrong IFSC can delay the payment. Oxon never asks for your OTP, PIN, CVV or passwords.

Data: the Reserve Bank of India's list of NEFT and RTGS bank branches, as compiled by Razorpay's open-source IFSC dataset. Bank details change from time to time (branches merge, move or close); confirm the IFSC with your bank or on your cheque book before you send money. Oxon Fintech is a loan platform, not a bank, and is not linked to the banks listed.

01 FAQ

Common questions.

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  1. The IFSC of Karnataka Bank's Magadi branch (Ramanagara, Karnataka) is KARB0000581.

  2. 560052080. MICR is printed at the bottom of the branch's cheques.

  3. Vasavi Temple Street, Rama Mandir Road, Magadi 562 120

  4. RBI's list shows this branch on NEFT, RTGS, IMPS and UPI. Use the IFSC KARB0000581 with the beneficiary's account number.

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