There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Canara Bank for its Goregaon(Kd) branch in Akola, Goregaon(Khurd), Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Canara Bank situated in Akola or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code CNRB0003127. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Canara Bank, Goregaon(Kd), Akola

Here are some of the key details that come with the IFSC Code CNRB0003127 of Canara Bank for its branch located in Akola, within the district of Goregaon(Khurd) in the state of Maharashtra.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0003127
Branch Goregaon(Kd)
City Akola
District Goregaon(Khurd)
State Maharashtra
Address Canara Bank House Of Shri Shaligram Gawande,Dist-Akola Goregaon(Kd) Maharashtra 123

These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Akola for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0003127 for the Goregaon(Kd) branch of Canara Bank plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Canara Bank located in Goregaon(Kd), Akola, Maharashtra, are given a unique IFSC like CNRB0003127 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Akola.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Akola and Goregaon(Khurd).
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Canara Bank in Goregaon(Kd) goes to the correct branch. This is important because Canara Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code CNRB0003127

The format of the IFSC Code for banks, including Canara Bank, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Canara Bank, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Goregaon(Kd) in Akola.

For example, the IFSC Code CNRB0003127 of Canara Bank for the Goregaon(Kd) branch includes these elements, identifying the bank and the branch location in Akola and Maharashtra correctly.

How to Find IFSC Code for Canara Bank?

If you are trying to find the IFSC Code CNRB0003127 of Canara Bank for its Goregaon(Kd) branch located in Akola, the following methods can help:

Cheque Book

The cheque book issued by Canara Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Canara Bank branches in Akola and Goregaon(Khurd), print them on the first page of your passbook.

Bank Website

Visit the official website of Canara Bank and navigate to the branch locator section. Search for Goregaon(Kd) or Akola to get the exact IFSC Code CNRB0003127.

Mobile Banking App

If you use Canara Bank's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Canara Bank and Akola, you'll get the correct details.

How to Use IFSC Code CNRB0003127 for Online Transfers?

Once you have the IFSC Code CNRB0003127 for the Goregaon(Kd) branch of Canara Bank in Akola, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0003127. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Canara Bank IFSC Code CNRB0003127.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Canara Bank Goregaon(Kd) in Akola, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Canara Bank in Goregaon(Kd), here are some of the ways you can get it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Canara Bank website.
  • Search the RBI portal.

Knowing both IFSC and MICR code can help account holders in Akola manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank Goregaon(Kd) Akola?

The IFSC Code of the Goregaon(Kd) Akola branch is CNRB0003127.

Is IFSC Code CNRB0003127 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Canara Bank Goregaon(Kd) branch?

The branch is located at Canara Bank House Of Shri Shaligram Gawande,Dist-Akola Goregaon(Kd) Maharashtra 123.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.