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Bank Details for MICR: 520052402

Bank NameKarnataka Bank Limited
Branch Name Machilipatnam
Branch Code 000578
IFSC Code KARB0000578
MICR Code 520052402
Bank Address Old Lic Road,jaganadapuram Road,rajavari Centre,machilipatnam 521001
State Name Andhra Pradesh
City / Area Krishna
District Name Machilipatnam
Contact Details9491915578

MICR code - 520052402 of bank Machilipatnam Machilipatnam Andhra Pradesh India Karnataka Bank Limited is use to do any online transaction like NEFT, RTGS, ECS Transactions.

IFSC Code - KARB0000578 of bank Karnataka Bank Limited and MICR code - 520052402 of bank Karnataka Bank Limited is use to do any online transaction or transaction related to the Machilipatnam branch of Karnataka Bank Limited Machilipatnam Andhra Pradesh. 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.