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 Hazaribagh Matwari branch in Hazaribagh, Hazaribagh, Jharkhand, 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 Hazaribagh or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code CNRB0006702. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Hazaribagh Matwari, Hazaribagh
Here are some of the key details that come with the IFSC Code CNRB0006702 of Canara Bank for its branch located in Hazaribagh, within the district of Hazaribagh in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0006702 |
| Branch | Hazaribagh Matwari |
| City | Hazaribagh |
| District | Hazaribagh |
| State | Jharkhand |
| Address | Canara Bank Magadh Complex,Kundan Enterprises Matwari,Hazaribagh,Jharkhand,825301 Matwari Jharkhand 825301 |
These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Hazaribagh for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0006702 for the Hazaribagh Matwari branch of Canara Bank plays 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, along with Canara Bank located in Hazaribagh Matwari, Hazaribagh, Jharkhand, are allotted a unique IFSC like CNRB0006702 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Hazaribagh.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Hazaribagh and Hazaribagh.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Canara Bank in Hazaribagh Matwari reaches the right place, even though there are thousands of branches in Jharkhand and across India.
Format of the IFSC Code CNRB0006702
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 Hazaribagh Matwari in Hazaribagh.
For example, the IFSC Code CNRB0006702 of Canara Bank for the Hazaribagh Matwari branch includes these elements, identifying the bank and the branch location in Hazaribagh and Jharkhand accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0006702 of Canara Bank for its Hazaribagh Matwari branch located in Hazaribagh, 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 Hazaribagh and Hazaribagh, 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 Hazaribagh Matwari or Hazaribagh to get the exact IFSC Code CNRB0006702.
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 Hazaribagh, you'll get the correct details.
How to Use IFSC Code CNRB0006702 for Online Transfers?
Once you have the IFSC Code CNRB0006702 for the Hazaribagh Matwari branch of Canara Bank in Hazaribagh, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0006702. 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 CNRB0006702.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Hazaribagh Matwari in Hazaribagh, 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 Hazaribagh Matwari, 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 Hazaribagh manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0006702.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Canara Bank Magadh Complex,Kundan Enterprises Matwari,Hazaribagh,Jharkhand,825301 Matwari Jharkhand 825301 located in Hazaribagh, Hazaribagh, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.