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 Rairangpur Ii branch in Mayurbhanj, Rairangpur, 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 Mayurbhanj or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code CNRB0017276. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Rairangpur Ii, Mayurbhanj
Here are some of the key details that come with the IFSC Code CNRB0017276 of Canara Bank for its branch located in Mayurbhanj, within the district of Rairangpur in the state of Odisha.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0017276 |
| Branch | Rairangpur Ii |
| City | Mayurbhanj |
| District | Rairangpur |
| State | Odisha |
| Address | Plot No 1083 Khata No 173 Mouza Ichinda Po Rairangpur Rairangpur Main Road Rairangpur Odisha India 757043 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Mayurbhanj for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0017276 for the Rairangpur Ii 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, including Canara Bank located in Rairangpur Ii, Mayurbhanj, Odisha, is provided with a unique IFSC like CNRB0017276 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Mayurbhanj.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Mayurbhanj and Rairangpur.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Odisha and the rest of India and the IFSC Code ensures that transactions meant for Canara Bank in Rairangpur Ii do not get mixed with another location.
Format of the IFSC Code CNRB0017276
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 Rairangpur Ii in Mayurbhanj.
For example, the IFSC Code CNRB0017276 of Canara Bank for the Rairangpur Ii branch includes these elements, identifying the bank and the branch location in Mayurbhanj and Odisha accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0017276 of Canara Bank for its Rairangpur Ii branch located in Mayurbhanj, 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 Mayurbhanj and Rairangpur, 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 Rairangpur Ii or Mayurbhanj to get the exact IFSC Code CNRB0017276.
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 Mayurbhanj, you'll get the correct details.
How to Use IFSC Code CNRB0017276 for Online Transfers?
Once you have the IFSC Code CNRB0017276 for the Rairangpur Ii branch of Canara Bank in Mayurbhanj, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0017276. 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 CNRB0017276.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Rairangpur Ii in Mayurbhanj, 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 Rairangpur Ii, 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 Mayurbhanj to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0017276.
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 Plot No 1083 Khata No 173 Mouza Ichinda Po Rairangpur Rairangpur Main Road Rairangpur Odisha India 757043 located in Mayurbhanj, Rairangpur, Odisha.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.