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 Othaka branch in Cuttack Dist, Cuttack Dist, Odisha, 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 Cuttack Dist or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code CNRB0018098. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Othaka, Cuttack Dist
Below in the table are the key details related to IFSC Code CNRB0018098 of Canara Bank for its branch located in Cuttack Dist, within the district of Cuttack Dist in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0018098 |
| Branch | Othaka |
| City | Cuttack Dist |
| District | Cuttack Dist |
| State | Odisha |
| Address | At Othaka Po Nischintakoili Dist Cuttack Cuttack Dist Odisha 754201 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Cuttack Dist for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0018098 for the Othaka 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 Othaka, Cuttack Dist, Odisha, is provided with a unique IFSC like CNRB0018098 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Cuttack Dist.
- 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 Cuttack Dist and Cuttack Dist.
- 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 Odisha and the rest of India and the IFSC Code ensures that transactions meant for Canara Bank in Othaka do not get mixed with another location.
Format of the IFSC Code CNRB0018098
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 Othaka in Cuttack Dist.
For example, the IFSC Code CNRB0018098 of Canara Bank for the Othaka branch includes these elements, identifying the bank and the branch location in Cuttack Dist and Odisha accurately.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0018098 of Canara Bank for its Othaka branch located in Cuttack Dist, 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 Cuttack Dist and Cuttack Dist, 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 Othaka or Cuttack Dist to find the exact IFSC Code CNRB0018098.
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 Cuttack Dist will provide accurate information.
How to Use IFSC Code CNRB0018098 for Online Transfers?
Once you have the IFSC Code CNRB0018098 for the Othaka branch of Canara Bank in Cuttack Dist, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0018098. 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 CNRB0018098.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Othaka in Cuttack Dist, 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 Othaka, 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 Cuttack Dist manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0018098.
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 At Othaka Po Nischintakoili Dist Cuttack Cuttack Dist Odisha 754201 located in Cuttack Dist, Cuttack Dist, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
