The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Canara Bank for its Paralakhemundi branch in Gajapati, Parlakhemundi, Odisha, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Canara Bank located in Gajapati or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code CNRB0004137. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Canara Bank, Paralakhemundi, Gajapati

The table below shows the main details of the IFSC Code CNRB0004137 for the Canara Bank branch in Gajapati, which falls under the Parlakhemundi district in Odisha.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0004137
Branch Paralakhemundi
City Gajapati
District Parlakhemundi
State Odisha
Address Padhi Market Complex. At/Po Paralakhemundi Dist Gajapati . Pin 761200

These details help users in online banking and for businesses and individuals who use Canara Bank in Gajapati for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0004137 for the Paralakhemundi branch of Canara Bank has a very 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, along with Canara Bank located in Paralakhemundi, Gajapati, Odisha, are given a unique IFSC like CNRB0004137 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Gajapati.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Gajapati and Parlakhemundi.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Canara Bank in Paralakhemundi goes to the correct branch. This is important because Canara Bank has thousands of branches in Odisha and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code CNRB0004137

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 Paralakhemundi in Gajapati.

For example, the IFSC Code CNRB0004137 of Canara Bank for the Paralakhemundi branch includes these elements, identifying the bank and the branch location in Gajapati and Odisha accurately.

How to Find IFSC Code for Canara Bank?

If you are trying to find the IFSC Code CNRB0004137 of Canara Bank for its Paralakhemundi branch located in Gajapati, 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

You can easily find the IFSC and MICR codes because most banks, including Canara Bank branches in Gajapati and Parlakhemundi, print them 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 Paralakhemundi or Gajapati to get the exact IFSC Code CNRB0004137.

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 Gajapati, you'll get the correct details.

How to Use IFSC Code CNRB0004137 for Online Transfers?

Once you have the IFSC Code CNRB0004137 for the Paralakhemundi branch of Canara Bank in Gajapati, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0004137. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Canara Bank IFSC Code CNRB0004137.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Canara Bank Paralakhemundi in Gajapati, it can result in delayed or failed transactions.

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 Paralakhemundi, 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 Gajapati manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank Paralakhemundi Gajapati?

The IFSC Code of the Paralakhemundi Gajapati branch is CNRB0004137.

Is IFSC Code CNRB0004137 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 Paralakhemundi branch?

The branch is located at Padhi Market Complex. At/Po Paralakhemundi Dist Gajapati . Pin 761200.

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.