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 Digwadih branch in Dhanbad, Digwadih, Jharkhand, 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 Dhanbad or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code CNRB0004897. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Canara Bank, Digwadih, Dhanbad

The table below shows the main details of the IFSC Code CNRB0004897 for the Canara Bank branch in Dhanbad, which falls under the Digwadih district in Jharkhand.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0004897
Branch Digwadih
City Dhanbad
District Digwadih
State Jharkhand
Address Sri Sunny Gurdeep Singh G F Nanak Niwas Digwadih Dhanbad Pin 826001

These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Dhanbad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0004897 for the Digwadih 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 that is provided by the Reserve Bank of India. A unique IFSC like CNRB0004897 is given to every bank branch, including Canara Bank located in Digwadih, Dhanbad, Jharkhand, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Canara Bank branch in Dhanbad.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Dhanbad and Digwadih.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Jharkhand and the rest of India, which is why the IFSC Code ensures that transactions meant for Canara Bank in Digwadih doesn't end up at another location.

Format of the IFSC Code CNRB0004897

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): These represent the bank code. In Canara Bank, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Digwadih in Dhanbad.

For example, the IFSC Code CNRB0004897 of Canara Bank for the Digwadih branch has these elements, identifying the bank and the branch location in Dhanbad and Jharkhand correctly.

How to Find IFSC Code for Canara Bank?

To find the IFSC Code CNRB0004897 of Canara Bank for its Digwadih branch located in Dhanbad, 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 Dhanbad and Digwadih, 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 Digwadih or Dhanbad to find the exact IFSC Code CNRB0004897.

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 Dhanbad will provide accurate information.

How to Use IFSC Code CNRB0004897 for Online Transfers?

Once you have the IFSC Code CNRB0004897 for the Digwadih branch of Canara Bank in Dhanbad, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code CNRB0004897. 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 CNRB0004897.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Digwadih in Dhanbad, your payment can get delayed or might not go through at all.

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 Digwadih, 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 Dhanbad manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank Digwadih Dhanbad?

The IFSC Code of the Digwadih Dhanbad branch is CNRB0004897.

Is IFSC Code CNRB0004897 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Canara Bank Digwadih branch?

The branch is located at Sri Sunny Gurdeep Singh G F Nanak Niwas Digwadih Dhanbad Pin 826001.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.