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 Sargipal branch in Bastar, Bakawand, Chhattisgarh, 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 Bastar or anywhere in Chhattisgarh can easily transfer funds instantly by using the correct IFSC Code CNRB0017774. 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, Sargipal, Bastar

Here are the key points that are associated with the IFSC Code CNRB0017774 of Canara Bank for its branch located in Bastar, within the district of Bakawand in the state of Chhattisgarh.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0017774
Branch Sargipal
City Bastar
District Bakawand
State Chhattisgarh
Address Panchayat Sansadhan Kendra Bhavan Vill And Po Sargipal Tehsil Bakawand Dist Bastar Chhattisgarh India 494222

These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Bastar for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0017774 for the Sargipal 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 that is provided by the Reserve Bank of India. A unique IFSC like CNRB0017774 is given to every bank branch, including Canara Bank located in Sargipal, Bastar, Chhattisgarh, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Canara Bank branch in Bastar.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Bastar and Bakawand.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Chhattisgarh and the rest of India, which is why the IFSC Code ensures that transactions meant for Canara Bank in Sargipal doesn't end up at another location.

Format of the IFSC Code CNRB0017774

This is the format of the IFSC Code for banks, including Canara Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Canara Bank, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Sargipal in Bastar.

For example, the IFSC Code CNRB0017774 of Canara Bank for the Sargipal branch includes these elements, identifying the bank and the branch location in Bastar and Chhattisgarh accurately.

How to Find IFSC Code for Canara Bank?

If you are looking for the IFSC Code CNRB0017774 of Canara Bank for its Sargipal branch located in Bastar, 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 Bastar and Bakawand, 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 Sargipal or Bastar to get the exact IFSC Code CNRB0017774.

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 Bastar, then it will provide you proper information.

How to Use IFSC Code CNRB0017774 for Online Transfers?

If you have the IFSC Code CNRB0017774 for the Sargipal branch of Canara Bank in Bastar, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0017774. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Canara Bank IFSC Code CNRB0017774.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Canara Bank Sargipal in Bastar, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Canara Bank in Sargipal, you can find it by any of the following ways:

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

Having both IFSC and MICR codes helps account holders in Bastar manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank Sargipal Bastar?

The IFSC Code of the Sargipal Bastar branch is CNRB0017774.

Is IFSC Code CNRB0017774 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 Sargipal branch?

The branch is located at Panchayat Sansadhan Kendra Bhavan Vill And Po Sargipal Tehsil Bakawand Dist Bastar Chhattisgarh India 494222.

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.