Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Canara Bank for its Ferozpur branch in Ferozpur, Firozpur, or Punjab, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Canara Bank located in Ferozpur or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code CNRB0002094. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Ferozpur, Ferozpur
Below in the table are the key details related to IFSC Code CNRB0002094 of Canara Bank for its branch located in Ferozpur, within the district of Firozpur in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0002094 |
| Branch | Ferozpur |
| City | Ferozpur |
| District | Firozpur |
| State | Punjab |
| Address | Biv, Ir-12 Malwal Rd, Ferozpur (Punjab) - 152002 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Ferozpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0002094 for the Ferozpur 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 Ferozpur, Ferozpur, Punjab, is provided with a unique IFSC like CNRB0002094 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Ferozpur.
- 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 Ferozpur and Firozpur.
- 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 Punjab and the rest of India and the IFSC Code ensures that transactions meant for Canara Bank in Ferozpur do not get mixed with another location.
Format of the IFSC Code CNRB0002094
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 Ferozpur in Ferozpur.
For example, the IFSC Code CNRB0002094 of Canara Bank for the Ferozpur branch has these elements, identifying the bank and the branch location in Ferozpur and Punjab correctly.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0002094 of Canara Bank for its Ferozpur branch located in Ferozpur, the following methods can help:
Cheque Book
The cheque book issued by Canara Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Canara Bank branches in Ferozpur and Firozpur, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Canara Bank and navigate to the branch locator section. Search for Ferozpur or Ferozpur to get the exact IFSC Code CNRB0002094.
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 keeps an updated list of all IFSC codes. If you search for Canara Bank and Ferozpur, you'll get the correct details.
How to Use IFSC Code CNRB0002094 for Online Transfers?
Once you have the IFSC Code CNRB0002094 for the Ferozpur branch of Canara Bank in Ferozpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0002094. The transfer is completed in batches instead of instantly. It is useful for both 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. Requires the recipient's account details and Canara Bank IFSC Code CNRB0002094.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Ferozpur in Ferozpur, 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 Ferozpur, 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 Ferozpur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0002094.
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 Biv, Ir-12 Malwal Rd, Ferozpur (Punjab) - 152002 located in Ferozpur, Firozpur, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.