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Bank Details for MICR: 509052002

Bank NameKarnataka Bank Limited
Branch Name Mahbubnagar
Branch Code 000595
IFSC Code KARB0000595
MICR Code 509052002
Bank Address Ground Floor, D No 8 3 8 15, Hyderabad Road, Opp Pinakani Hotel, Mettugadda Circle, Mahbubnagar 509001, Mahbubnagar Dist, Telangana
State Name Telangana
City / Area Mahbubnagar
District Name Mahbubnagar
Contact Details7680881118

MICR code - 509052002 of bank Mahbubnagar Mahbubnagar Telangana India Karnataka Bank Limited is use to do any online transaction like NEFT, RTGS, ECS Transactions.

IFSC Code - KARB0000595 of bank Karnataka Bank Limited and MICR code - 509052002 of bank Karnataka Bank Limited is use to do any online transaction or transaction related to the Mahbubnagar branch of Karnataka Bank Limited Mahbubnagar Telangana. an Invalid use ifsc code or micr code will lead to failur of the transaction.


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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.