Vidharbha Konkan Gramin Bank (VKGB) is a prominent regional rural bank serving 17 districts across Maharashtra. Established on February 28, 2013, through the amalgamation of Wainganga Krishna Gramin Bank and Vidharbha Kshetriya Gramin Bank, VKGB aims to enhance the financial stability of rural and semi-urban communities.
The Vidharbha Konkan Gramin Bank IFSC Code: BKID0WAINGB is designated for all VKGB branches, facilitating secure and streamlined online fund transfers across the bank’s network. This unique 11-character alphanumeric code is crucial for NEFT, RTGS, and IMPS transactions, ensuring that funds are accurately routed to any VKGB branch.
IFSC Code for Vidharbha Konkan Gramin Bank
All branch of Vidharbha Konkan Gramin Bank has a single IFSC code. This allows account holders to perform efficient electronic transactions like NEFT, RTGS, and IMPS transfers.
| Bank | Vidharbha Kokan Gramin Bank |
|---|---|
| IFSC | BKID0WAINGB |
| MICR Code | 440843007 |
| Branch Code | WAINGB (Last Six Characters of IFSC Code) |
| Branch | VKGB Head Ofice – Nagpur |
| City | Nagpur |
| District | Nagpur |
| State | Maharashtra |
Structure of Vidharbha Konkan Gramin Bank IFSC Code
The IFSC code for each branch of Vidharbha Konkan Gramin Bank is a standard 11-character alphanumeric code.
| B | K | I | D | 0 | W | A | I | N | G | B |
|---|---|---|---|---|---|---|---|---|---|---|
| Bank Code | 0 | Branch Code |
This structure ensures precise routing and processing of electronic transactions for each branch.
- Bank Code (First 4 Characters): Identifies the bank.
- Reserved Character (Fifth Character – 0): Reserved for future use by the Reserve Bank of India (RBI).
- Branch Code (Last 6 Characters): Uniquely identifies each branch
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Vidharbha Konkan Gramin Bank Branch List
Let’s go through some of the Vidharbha Konkan Gramin Bank branch details from below:
| Branch | Region | Pincode |
|---|---|---|
| Akola | Buldhana | 443001 |
| Gondia | Bhandara | 441601 |
| Yavatmal | Yavatmal | 445001 |
| Wardha | Yavatmal | 442001 |
You can check the complete list of Vidharbha Konkan Gramin Bank branches from the Vidharbha Konkan Bank Branch Locator option on the bank’s official website.
Vidharbha Konkan Gramin Bank Offices
Check the Vidharbha Konkan Gramin bank office details from the table below:
| Bank Offices | Contact Details |
|---|---|
| Head Office – Nagpur | 0712 – 2224319 /20 /21/ 22 |
| Chandrapur Regional Office | 07172 – 253405, 270289 |
| Solapur Regional Office | 0217 – 2305721, 2305722 |
| Ratnagiri Regional Office | 02352 – 222066, 220245 |
| Bhandara Regional Office | 07184-256932, 252432 |
| Akola Regional Office | 07184-256932, 252432 |
| Yavatmal Regional Office | 07232 – 244818, 240846 |
Benefits of Using an IFSC Code
Here are four key benefits of using an IFSC code:
- Unique Branch Identification: The IFSC code uniquely identifies every bank branch in India, ensuring accurate routing of transactions. This helps direct payments to the correct branch, preventing funds from being sent to the wrong location and simplifying the verification process for both customers and banks.
- Efficient Fund Transfers: IFSC codes enable seamless electronic fund transfers through NEFT, RTGS, and IMPS. This makes sending and receiving money quick and straightforward, eliminating the need for physical transactions and ensuring funds are transferred efficiently and securely.
- Transaction Tracking and Security: The use of an IFSC code allows banks and the Reserve Bank of India to monitor transactions in real time. This capability helps track the flow of funds, adds transparency, and reduces the possibility of errors, enhancing the overall security of banking operations.
- Reduces Manual Errors: By using a standard code for every bank branch, IFSC codes minimize human error during online transactions. Accurate branch identification through IFSC ensures that funds are transferred precisely to the intended account, lowering the risk of mistakes.
Ways to Find Vidharbha Konkan Bank MICR Code
The MICR code is essential for processing and verifying cheques. Here’s where to find it:
- Cheque Leaf: Look for a series of 9 digits printed in a distinct font, typically located at the bottom right corner of your cheque. This sequence is your MICR code.
- Bank Passbook: Some banks include the MICR code in the passbook, often next to the account details, making it easy to locate.
Ways to Find IFSC Code
The IFSC code is crucial for electronic fund transfers. Here’s where to find it:
- Cheque Leaf: Similar to the MICR code, the IFSC code is an 11-character alphanumeric code found on your cheque, usually near the top.
- Bank Passbook: Many banks display the IFSC code on the passbook, often on the first page or alongside other account information, ensuring easy access for transactions.
About Vidharbha Konkan Gramin Bank
Vidharbha Konkan Gramin Bank, established on February 28, 2013, emerged from the merger of Wainganga Krishna Gramin Bank, Solapur, and Vidharbha Kshetriya Gramin Bank, Akola. Serving 17 districts across Maharashtra, the bank aims to boost rural and semi-urban economies by supporting agriculture, trade, and industry through timely financial aid, fostering employment, and promoting savings among rural communities.
With an authorized capital of Rs. 1000 lakhs and paid-up capital of Rs. 700 lakhs, its ownership is divided between the Government of India (50%), Government of Maharashtra (15%), and the Bank of India (35%). Operating 318 branches, 1 satellite, and 84 ultra-small branches, all on a Core Banking platform, it drives financial inclusion and development. The Board of Directors includes representatives from the Sponsor Bank, RBI, NABARD, and government bodies.
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