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Bank Details for MICR: 160053002

Bank NameKarur Vysya Bank
Branch Name Chandigarh
Branch Code 004202
IFSC Code KVBL0004202
MICR Code 160053002
Bank Address Sco No:52 & 53, Kribhco Bhawan, Sector 34 A, Chandigarh - 160 022 (haryana)
State Name Chandigarh
City / Area Chandigarh
District Name Chandigarh
Contact Details0

MICR code - 160053002 of bank Chandigarh Chandigarh Chandigarh India Karur Vysya Bank is use to do any online transaction like NEFT, RTGS, ECS Transactions.

IFSC Code - KVBL0004202 of bank Karur Vysya Bank and MICR code - 160053002 of bank Karur Vysya Bank is use to do any online transaction or transaction related to the Chandigarh branch of Karur Vysya Bank Chandigarh Chandigarh. an Invalid use ifsc code or micr code will lead to failur of the transaction.


Map Location for 160053002




MICR Code: Magnetic Ink Character Recognition MICR CODE is printed on cheque book to facilitate the Process of cheques.

National Electronic Funds Transfer (NEFT) is a nation-wide system that facilitates individuals, firms and corporates to electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country. NEFT transfers are also referred as e-cheques as the funds are not transferred in real-time and the funds are settled in batches.

'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). You need the IFSC Code to identify the Branch for which you will want to transfer funds using RTGS. Note all branches don't have IFSC Codes.

'IMPS' is Immediate Payment Service and it is commonly known as Interbank Mobile Payment Service. IMPS uses IFSC codes to offer a number of fund transfer services instantly in a round the clock environment. National Payments Corporation of India (NPCI), which is an organization that regulates the retail payments in India, has provided this facility.