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 Buxur Ii branch in Buxur, Buxur, 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 Buxur or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code CNRB0017423. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Buxur Ii, Buxur
Here are some of the key details that come with the IFSC Code CNRB0017423 of Canara Bank for its branch located in Buxur, within the district of Buxur in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0017423 |
| Branch | Buxur Ii |
| City | Buxur |
| District | Buxur |
| State | Bihar |
| Address | Thana Road Opp Clearing House Buxur Bihar 802101 |
These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Buxur for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0017423 for the Buxur Ii branch of Canara Bank plays an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Canara Bank located in Buxur Ii, Buxur, Bihar, is provided a unique IFSC like CNRB0017423 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Canara Bank branch in Buxur.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Buxur and Buxur.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Bihar and the rest of India, the IFSC Code ensures that transactions meant for Canara Bank in Buxur Ii do not get misguided to another person.
Format of the IFSC Code CNRB0017423
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 Buxur Ii in Buxur.
For example, the IFSC Code CNRB0017423 of Canara Bank for the Buxur Ii branch includes these elements, identifying the bank and the branch location in Buxur and Bihar accurately.
How to Find IFSC Code for Canara Bank?
If you are looking for the IFSC Code CNRB0017423 of Canara Bank for its Buxur Ii branch located in Buxur, 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 Buxur and Buxur, 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 Buxur Ii or Buxur to get the exact IFSC Code CNRB0017423.
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 Buxur, then it will provide you proper information.
How to Use IFSC Code CNRB0017423 for Online Transfers?
Once you have the IFSC Code CNRB0017423 for the Buxur Ii branch of Canara Bank in Buxur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0017423. 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 CNRB0017423.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Buxur Ii in Buxur, 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 Buxur Ii, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Buxur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0017423.
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 Thana Road Opp Clearing House Buxur Bihar 802101 located in Buxur, Buxur, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.