For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Canara Bank for its Bhubaneshwar Utkal Uty Campus branch in Khurda, Bhubaneshwar, Odisha, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly over the years, and today customers of Canara Bank located in Khurda or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code CNRB0018016. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Bhubaneshwar Utkal Uty Campus, Khurda
Below in the table are the key details related to IFSC Code CNRB0018016 of Canara Bank for its branch located in Khurda, within the district of Bhubaneshwar in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0018016 |
| Branch | Bhubaneshwar Utkal Uty Campus |
| City | Khurda |
| District | Bhubaneshwar |
| State | Odisha |
| Address | Utkal University Campus Vanivihar Bhubaneswar Khurda Orissa 751 004 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Khurda for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0018016 for the Bhubaneshwar Utkal Uty Campus 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 that is provided by the Reserve Bank of India. A unique IFSC like CNRB0018016 is given to every bank branch, including Canara Bank located in Bhubaneshwar Utkal Uty Campus, Khurda, Odisha, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Khurda.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Khurda and Bhubaneshwar.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Canara Bank in Bhubaneshwar Utkal Uty Campus doesn't end up at another location.
Format of the IFSC Code CNRB0018016
The format of the IFSC Code for banks, including Canara Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Canara Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Bhubaneshwar Utkal Uty Campus in Khurda.
For example, the IFSC Code CNRB0018016 of Canara Bank for the Bhubaneshwar Utkal Uty Campus branch includes these elements, identifying the bank and the branch location in Khurda and Odisha accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0018016 of Canara Bank for its Bhubaneshwar Utkal Uty Campus branch located in Khurda, 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 Khurda and Bhubaneshwar, 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 Bhubaneshwar Utkal Uty Campus or Khurda to get the exact IFSC Code CNRB0018016.
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 Khurda, you'll get the correct details.
How to Use IFSC Code CNRB0018016 for Online Transfers?
If you have the IFSC Code CNRB0018016 for the Bhubaneshwar Utkal Uty Campus branch of Canara Bank in Khurda, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0018016. Transfers are processed in batches. 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. Asks for the recipient's account details and Canara Bank IFSC Code CNRB0018016.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Canara Bank Bhubaneshwar Utkal Uty Campus in Khurda, it 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 Bhubaneshwar Utkal Uty Campus, 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 Khurda to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Bhubaneshwar Utkal Uty Campus Khurda branch is CNRB0018016.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Utkal University Campus Vanivihar Bhubaneswar Khurda Orissa 751 004.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.