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 Loonkaransar branch in Bikaner, Lunkaransar, Rajasthan, 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 Bikaner or anywhere in Rajasthan can easily transfer funds instantly by using the correct IFSC Code CNRB0004231. 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, Loonkaransar, Bikaner
Here are some of the key details that come with the IFSC Code CNRB0004231 of Canara Bank for its branch located in Bikaner, within the district of Lunkaransar in the state of Rajasthan.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0004231 |
| Branch | Loonkaransar |
| City | Bikaner |
| District | Lunkaransar |
| State | Rajasthan |
| Address | Canara Bank Path No 36 Loonkaransar Distt Bikaner Rajasthan Pin 334603 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Bikaner for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0004231 for the Loonkaransar branch of Canara Bank has 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, including Canara Bank located in Loonkaransar, Bikaner, Rajasthan, is provided with a unique IFSC like CNRB0004231 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Bikaner.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Bikaner and Lunkaransar.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Rajasthan and the rest of India and the IFSC Code ensures that transactions meant for Canara Bank in Loonkaransar do not get mixed with another location.
Format of the IFSC Code CNRB0004231
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 Loonkaransar in Bikaner.
For example, the IFSC Code CNRB0004231 of Canara Bank for the Loonkaransar branch includes these elements, identifying the bank and the branch location in Bikaner and Rajasthan accurately.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0004231 of Canara Bank for its Loonkaransar branch located in Bikaner, 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 Bikaner and Lunkaransar, 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 Loonkaransar or Bikaner to find the exact IFSC Code CNRB0004231.
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 Bikaner will provide accurate information.
How to Use IFSC Code CNRB0004231 for Online Transfers?
If you have the IFSC Code CNRB0004231 for the Loonkaransar branch of Canara Bank in Bikaner, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0004231. 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 CNRB0004231.
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 Loonkaransar in Bikaner, 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 Loonkaransar, 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 Bikaner manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0004231.
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 Path No 36 Loonkaransar Distt Bikaner Rajasthan Pin 334603 located in Bikaner, Lunkaransar, Rajasthan.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.