About Karnataka Bank

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Bank Name

Karnataka Bank

Key Banking Terms and Abbreviations Used at Karnataka Bank

RTGS - Real Time Gross Settlement 🕒: Karnataka Bank uses RTGS for transferring funds in real-time and on a gross basis.
NEFT - National Electronic Funds Transfer 💻: Karnataka Bank offers NEFT, a nationwide system facilitating one-to-one funds transfer.
IMPS - Immediate Payment Service 📲: Karnataka Bank's IMPS service enables instant, 24/7 interbank fund transfers.
MMID - Mobile Money Identification Number 📱: Karnataka Bank issues a 7-digit MMID for mobile banking services.
UIDAI - Unique Identification Authority of India 🆔: Karnataka Bank utilizes UIDAI for issuing Aadhaar numbers.
UPI - Unified Payments Interface 💳: Karnataka Bank's UPI system allows multiple bank accounts to be accessed through a single mobile application.
KYC - Know Your Customer 📋: Karnataka Bank employs the KYC process to verify the identity of their clients.
SWIFT Code - Society for Worldwide Interbank Financial Telecommunication 🌐:.
CIBIL - Credit Information Bureau (India) Limited 🧾: Karnataka Bank refers to CIBIL for maintaining credit records of individuals and businesses.
ATM - Automated Teller Machine 🏧: Karnataka Bank provides ATMs for convenient cash withdrawals and other banking services.
CDM - Cash Deposit Machine 💵: Karnataka Bank's CDMs allow customers to deposit cash directly into their accounts.
Passbook - Account Statement 📖: Karnataka Bank issues passbooks to account holders for keeping a record of transactions.
Cheque Book - Banking Instrument 📒: Karnataka Bank provides cheque books for account holders to facilitate easy payments and withdrawals.
Loan - Credit Facility 💰: Karnataka Bank offers various loan products, including personal, home, and car loans.
FD - Fixed Deposit 📈: Karnataka Bank's fixed deposit schemes provide a secure investment option with attractive interest rates.
RD - Recurring Deposit 📉: Karnataka Bank's recurring deposit accounts help customers save regularly with a fixed interest rate.

State wise list of Karnataka Bank - NEFT enabled branches.

State

No of Branch

Andhra Pradesh

Assam

Bihar

Chandigarh

Chhattisgarh

Delhi

Goa

Gujarat

Haryana

Jharkhand

Karnataka

Kerala

Madhya Pradesh

Maharashtra

Odisha

Puducherry

Punjab

Rajasthan

Sikkim

Tamil Nadu

Telangana

Uttar Pradesh

Uttarakhand

West Bengal