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 Bolangir Dist Hq branch in Balangir, Bolangir, Odisha, 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 Balangir or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code CNRB0003142. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Bolangir Dist Hq, Balangir
Below in the table are the key details related to IFSC Code CNRB0003142 of Canara Bank for its branch located in Balangir, within the district of Bolangir in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0003142 |
| Branch | Bolangir Dist Hq |
| City | Balangir |
| District | Bolangir |
| State | Odisha |
| Address | Canara Bank, Ward No 12, Radharani Para, Bolangir-767 001 Dist Bolangir Orissa |
These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Balangir for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0003142 for the Bolangir Dist Hq 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 Bolangir Dist Hq, Balangir, Odisha, are allotted a unique IFSC like CNRB0003142 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Balangir.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Balangir and Bolangir.
- 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 Bolangir Dist Hq reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code CNRB0003142
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): These represent the bank code. In Canara Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Bolangir Dist Hq in Balangir.
For example, the IFSC Code CNRB0003142 of Canara Bank for the Bolangir Dist Hq branch has these elements, identifying the bank and the branch location in Balangir and Odisha correctly.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0003142 of Canara Bank for its Bolangir Dist Hq branch located in Balangir, 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
Most banks, including Canara Bank branches in Balangir and Bolangir, print the IFSC and MICR codes 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 Bolangir Dist Hq or Balangir to get the exact IFSC Code CNRB0003142.
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 Balangir, you'll get the correct details.
How to Use IFSC Code CNRB0003142 for Online Transfers?
Once you have the IFSC Code CNRB0003142 for the Bolangir Dist Hq branch of Canara Bank in Balangir, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0003142. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Canara Bank IFSC Code CNRB0003142.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Bolangir Dist Hq in Balangir, your payment can get delayed or might not go through at all.
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 Bolangir Dist Hq, 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 Balangir to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0003142.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Canara Bank, Ward No 12, Radharani Para, Bolangir-767 001 Dist Bolangir Orissa located in Balangir, Bolangir, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.