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 Panjwara branch in Banka, Panjwara, Bihar, 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 Banka or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code CNRB0000984. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Canara Bank, Panjwara, Banka

Here are the key points that are associated with the IFSC Code CNRB0000984 of Canara Bank for its branch located in Banka, within the district of Panjwara in the state of Bihar.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0000984
Branch Panjwara
City Banka
District Panjwara
State Bihar
Address Godda Road, Panjawara,, Bhagalpur, Dist Banka (Bihar) 813 110

These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Banka for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0000984 for the Panjwara 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 Panjwara, Banka, Bihar, are allotted a unique IFSC like CNRB0000984 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Banka.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Banka and Panjwara.
  • 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 Panjwara reaches the right place, even though there are thousands of branches in Bihar and across India.

Format of the IFSC Code CNRB0000984

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 Panjwara in Banka.

For example, the IFSC Code CNRB0000984 of Canara Bank for the Panjwara branch includes these elements, identifying the bank and the branch location in Banka and Bihar correctly.

How to Find IFSC Code for Canara Bank?

If you are looking for the IFSC Code CNRB0000984 of Canara Bank for its Panjwara branch located in Banka, 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 Banka and Panjwara, 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 Panjwara or Banka to get the exact IFSC Code CNRB0000984.

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 Banka, then it will provide you proper information.

How to Use IFSC Code CNRB0000984 for Online Transfers?

Once you have the IFSC Code CNRB0000984 for the Panjwara branch of Canara Bank in Banka, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code CNRB0000984. 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 CNRB0000984.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Panjwara in Banka, your payment can get delayed or might not go through at all.

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 Panjwara, 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 Banka manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank in Panjwara, Banka?

The IFSC Code is CNRB0000984.

Is the IFSC Code CNRB0000984 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Canara Bank Panjwara?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Panjwara branch?

The address of the branch is Godda Road, Panjawara,, Bhagalpur, Dist Banka (Bihar) 813 110 located in Banka, Panjwara, Bihar.

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.