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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Canara Bank for its Gwalior Madhavganj branch in Gwalior, Barwaha, Madhya Pradesh, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Canara Bank located in Gwalior or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code CNRB0005202. 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, Gwalior Madhavganj, Gwalior

Below in the table are the key details related to IFSC Code CNRB0005202 of Canara Bank for its branch located in Gwalior, within the district of Barwaha in the state of Madhya Pradesh.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0005202
Branch Gwalior Madhavganj
City Gwalior
District Barwaha
State Madhya Pradesh
Address Canara Bank, Main Road Madhav Ganj Lashkar , Gwalior (M P)

These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Gwalior for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0005202 for the Gwalior Madhavganj branch of Canara Bank is vital.

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 Gwalior Madhavganj, Gwalior, Madhya Pradesh, is provided a unique IFSC like CNRB0005202 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Canara Bank branch in Gwalior.
  • 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 Gwalior and Barwaha.
  • 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Canara Bank in Gwalior Madhavganj do not get misguided to another person.

Format of the IFSC Code CNRB0005202

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 Gwalior Madhavganj in Gwalior.

For example, the IFSC Code CNRB0005202 of Canara Bank for the Gwalior Madhavganj branch includes these elements, identifying the bank and the branch location in Gwalior and Madhya Pradesh accurately.

How to Find IFSC Code for Canara Bank?

If you are trying to find the IFSC Code CNRB0005202 of Canara Bank for its Gwalior Madhavganj branch located in Gwalior, 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 Gwalior and Barwaha, 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 Gwalior Madhavganj or Gwalior to get the exact IFSC Code CNRB0005202.

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 Gwalior, you'll get the correct details.

How to Use IFSC Code CNRB0005202 for Online Transfers?

Once you have the IFSC Code CNRB0005202 for the Gwalior Madhavganj branch of Canara Bank in Gwalior, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0005202. Transfers are processed in batches. This is suitable for 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 CNRB0005202.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Canara Bank Gwalior Madhavganj in Gwalior may 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 Gwalior Madhavganj, 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 Gwalior manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank in Gwalior Madhavganj, Gwalior?

The IFSC Code is CNRB0005202.

Is the IFSC Code CNRB0005202 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Canara Bank Gwalior Madhavganj?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Gwalior Madhavganj branch?

The address of the branch is Canara Bank, Main Road Madhav Ganj Lashkar , Gwalior (M P) located in Gwalior, Barwaha, Madhya Pradesh.

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.