The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Canara Bank for its Rayagada Ii branch in Bhubaneswar, Rayagada, Odisha, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Canara Bank located in Bhubaneswar or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code CNRB0018059. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Rayagada Ii, Bhubaneswar
Below in the table are the key details related to IFSC Code CNRB0018059 of Canara Bank for its branch located in Bhubaneswar, within the district of Rayagada in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0018059 |
| Branch | Rayagada Ii |
| City | Bhubaneswar |
| District | Rayagada |
| State | Odisha |
| Address | Plot No 369 By 387 By 1670 New Colony Rayagada Post Rayagada 765001 |
These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Bhubaneswar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0018059 for the Rayagada Ii 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 Rayagada Ii, Bhubaneswar, Odisha, are allotted a unique IFSC like CNRB0018059 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Bhubaneswar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Bhubaneswar and Rayagada.
- 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 Rayagada Ii reaches the right place, even though there are thousands of branches in Odisha and across India.
Format of the IFSC Code CNRB0018059
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 Rayagada Ii in Bhubaneswar.
For example, the IFSC Code CNRB0018059 of Canara Bank for the Rayagada Ii branch includes these elements, identifying the bank and the branch location in Bhubaneswar and Odisha accurately.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0018059 of Canara Bank for its Rayagada Ii branch located in Bhubaneswar, the following methods can help you out:
Cheque Book
The cheque book issued by Canara Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Canara Bank branches in Bhubaneswar and Rayagada, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Canara Bank and go to the branch locator section. Then search for Rayagada Ii or Bhubaneswar to find the exact IFSC Code CNRB0018059.
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 maintains an updated database of all IFSC codes. Searching for Canara Bank and Bhubaneswar will provide accurate information.
How to Use IFSC Code CNRB0018059 for Online Transfers?
Once you have the IFSC Code CNRB0018059 for the Rayagada Ii branch of Canara Bank in Bhubaneswar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0018059. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 CNRB0018059.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Rayagada Ii in Bhubaneswar, 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 Rayagada Ii, 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 Bhubaneswar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0018059.
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 Plot No 369 By 387 By 1670 New Colony Rayagada Post Rayagada 765001 located in Bhubaneswar, Rayagada, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.