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 Bhusawal Town branch in Jalgaon, Bhusawal Town, Maharashtra, 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 Jalgaon or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code CNRB0015201. 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, Bhusawal Town, Jalgaon

Here are the key points that are associated with the IFSC Code CNRB0015201 of Canara Bank for its branch located in Jalgaon, within the district of Bhusawal Town in the state of Maharashtra.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0015201
Branch Bhusawal Town
City Jalgaon
District Bhusawal Town
State Maharashtra
Address Guru Nanak Complex Weekly Market Shani Mandir Ward P B 06 Bhusawal Jalgaon 425 201

These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Jalgaon for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0015201 for the Bhusawal Town 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, along with Canara Bank located in Bhusawal Town, Jalgaon, Maharashtra, are given a unique IFSC like CNRB0015201 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Jalgaon.
  • 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 Jalgaon and Bhusawal Town.
  • 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 Bhusawal Town goes to the correct branch. This is important because Canara Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code CNRB0015201

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 Bhusawal Town in Jalgaon.

For example, the IFSC Code CNRB0015201 of Canara Bank for the Bhusawal Town branch includes these elements, identifying the bank and the branch location in Jalgaon and Maharashtra accurately.

How to Find IFSC Code for Canara Bank?

If you are looking for the IFSC Code CNRB0015201 of Canara Bank for its Bhusawal Town branch located in Jalgaon, the following methods can help:

Cheque Book

The cheque book that is issued by Canara Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Canara Bank branches in Jalgaon and Bhusawal Town, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Canara Bank and look for the branch locator section, then search for Bhusawal Town or Jalgaon to get the exact IFSC Code CNRB0015201.

Mobile Banking App

If you use Canara Bank's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Canara Bank and Jalgaon, then it will provide you proper information.

How to Use IFSC Code CNRB0015201 for Online Transfers?

Once you have the IFSC Code CNRB0015201 for the Bhusawal Town branch of Canara Bank in Jalgaon, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code CNRB0015201. 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 CNRB0015201.

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

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Canara Bank in Bhusawal Town, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Jalgaon manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank in Bhusawal Town, Jalgaon?

The IFSC Code is CNRB0015201.

Is the IFSC Code CNRB0015201 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Canara Bank Bhusawal Town?

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

What is the full address of the Bhusawal Town branch?

The address of the branch is Guru Nanak Complex Weekly Market Shani Mandir Ward P B 06 Bhusawal Jalgaon 425 201 located in Jalgaon, Bhusawal Town, Maharashtra.

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.