For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Canara Bank for its Alwar Dayanand Marg Bhs Samiti branch in Alwar, Alwar, Rajasthan, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Canara Bank located in Alwar or anywhere in Rajasthan can transfer funds instantly by using the correct IFSC Code CNRB0018316. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Alwar Dayanand Marg Bhs Samiti, Alwar
Here are the key points that are associated with the IFSC Code CNRB0018316 of Canara Bank for its branch located in Alwar, within the district of Alwar in the state of Rajasthan.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0018316 |
| Branch | Alwar Dayanand Marg Bhs Samiti |
| City | Alwar |
| District | Alwar |
| State | Rajasthan |
| Address | Balahit Shiksha Samiti Bldg Swami Dyanand Marg Alwar Rajsthan 301 001 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Alwar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0018316 for the Alwar Dayanand Marg Bhs Samiti branch of Canara Bank has 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 Alwar Dayanand Marg Bhs Samiti, Alwar, Rajasthan, are allotted a unique IFSC like CNRB0018316 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Alwar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Alwar and Alwar.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Canara Bank in Alwar Dayanand Marg Bhs Samiti reaches the right place, even though there are thousands of branches in Rajasthan and across India.
Format of the IFSC Code CNRB0018316
The format of the IFSC Code for banks, including Canara Bank, follows 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 Alwar Dayanand Marg Bhs Samiti in Alwar.
For example, the IFSC Code CNRB0018316 of Canara Bank for the Alwar Dayanand Marg Bhs Samiti branch includes these elements, identifying the bank and the branch location in Alwar and Rajasthan accurately.
How to Find IFSC Code for Canara Bank?
If you are looking for the IFSC Code CNRB0018316 of Canara Bank for its Alwar Dayanand Marg Bhs Samiti branch located in Alwar, the following methods can help:
Cheque Book
The cheque book that is issued by Canara Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Canara Bank branches in Alwar and Alwar, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Canara Bank and look for the branch locator section, then search for Alwar Dayanand Marg Bhs Samiti or Alwar to get the exact IFSC Code CNRB0018316.
Mobile Banking App
If you use Canara Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Canara Bank and Alwar, then it will provide you proper information.
How to Use IFSC Code CNRB0018316 for Online Transfers?
Once you have the IFSC Code CNRB0018316 for the Alwar Dayanand Marg Bhs Samiti branch of Canara Bank in Alwar, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0018316. 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 CNRB0018316.
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 Alwar Dayanand Marg Bhs Samiti in Alwar, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Canara Bank in Alwar Dayanand Marg Bhs Samiti, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Alwar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0018316.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Balahit Shiksha Samiti Bldg Swami Dyanand Marg Alwar Rajsthan 301 001 located in Alwar, Alwar, Rajasthan.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.