Karnataka Gramin Bank Nijalingappa Colony
Nijalingappa Colony · Raichur, Karnataka
584697005 is the MICR code for the Nijalingappa Colony branch of Karnataka Gramin Bank, located in Raichur, Karnataka. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code PKGB0010773.
Bank
Karnataka Gramin Bank
Branch & Address
Nijalingappa Colony
The Manager, Karnataka Grameena Bank, 1st Floor, Near D C Banglow, Nijalingappa Colony, Raichur Town584 101, Raichur Taluk & Dist
Raichur, Raichur, Karnataka
Contact
+918532220141MICR Code Structure
584
City
697
Bank
005
Branch
City code 584 identifies the RBI clearing centre, bank code 697 identifies Karnataka Gramin Bank, and branch code 005 identifies this specific branch.
Online Payment Methods Supported
Other Karnataka Gramin Bank branches near Raichur
Other banks in Raichur, Karnataka
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (PKGB0010773) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 584697005 is in the middle, and your account number is on the right.