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 Arera Colony, Bhopal branch in Bhopal, Bhopal, Madhya Pradesh, 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 Bhopal or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code CNRB0001471. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Arera Colony, Bhopal, Bhopal
Below in the table are the key details related to IFSC Code CNRB0001471 of Canara Bank for its branch located in Bhopal, within the district of Bhopal in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0001471 |
| Branch | Arera Colony, Bhopal |
| City | Bhopal |
| District | Bhopal |
| State | Madhya Pradesh |
| Address | Plot No. 8 By 9, Pb No. 1,E S Ravishankarngr Arera Colony, Bhopal |
These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Bhopal for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0001471 for the Arera Colony, Bhopal branch of Canara Bank is vital.
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 Arera Colony, Bhopal, Bhopal, Madhya Pradesh, are given a unique IFSC like CNRB0001471 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhopal.
- 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 Bhopal and Bhopal.
- 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 Arera Colony, Bhopal goes to the correct branch. This is important because Canara Bank has thousands of branches in Madhya Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code CNRB0001471
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 Arera Colony, Bhopal in Bhopal.
For example, the IFSC Code CNRB0001471 of Canara Bank for the Arera Colony, Bhopal branch includes these elements, identifying the bank and the branch location in Bhopal and Madhya Pradesh correctly.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0001471 of Canara Bank for its Arera Colony, Bhopal branch located in Bhopal, 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 Bhopal and Bhopal, 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 Arera Colony, Bhopal or Bhopal to get the exact IFSC Code CNRB0001471.
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 Bhopal, you'll get the correct details.
How to Use IFSC Code CNRB0001471 for Online Transfers?
Once you have the IFSC Code CNRB0001471 for the Arera Colony, Bhopal branch of Canara Bank in Bhopal, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0001471. Transfers are processed in batches. This is 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. Requires the recipient's account details and Canara Bank IFSC Code CNRB0001471.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Canara Bank Arera Colony, Bhopal in Bhopal 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 Arera Colony, Bhopal, 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 Bhopal manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0001471.
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 Plot No. 8 By 9, Pb No. 1,E S Ravishankarngr Arera Colony, Bhopal located in Bhopal, Bhopal, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.