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 Ramdayalu Nagar, Muzaffarpur branch in Muzaffarpur, Muzaffarpur, Bihar, 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 Muzaffarpur or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code CNRB0008622. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Ramdayalu Nagar, Muzaffarpur, Muzaffarpur
Here are the key points that are associated with the IFSC Code CNRB0008622 of Canara Bank for its branch located in Muzaffarpur, within the district of Muzaffarpur in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0008622 |
| Branch | Ramdayalu Nagar, Muzaffarpur |
| City | Muzaffarpur |
| District | Muzaffarpur |
| State | Bihar |
| Address | Canara Bank, Ramdayalu Nagar, Muzaffarpur -842002 (Bihar) |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Muzaffarpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0008622 for the Ramdayalu Nagar, Muzaffarpur 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 CNRB0008622 is given to every bank branch, including Canara Bank located in Ramdayalu Nagar, Muzaffarpur, Muzaffarpur, Bihar, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Muzaffarpur.
- 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 Muzaffarpur and Muzaffarpur.
- 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 Bihar and the rest of India, which is why the IFSC Code ensures that transactions meant for Canara Bank in Ramdayalu Nagar, Muzaffarpur doesn't end up at another location.
Format of the IFSC Code CNRB0008622
The format of the IFSC Code for banks, including Canara Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Canara Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Ramdayalu Nagar, Muzaffarpur in Muzaffarpur.
For example, the IFSC Code CNRB0008622 of Canara Bank for the Ramdayalu Nagar, Muzaffarpur branch includes these elements, identifying the bank and the branch location in Muzaffarpur and Bihar accurately.
How to Find IFSC Code for Canara Bank?
If you are looking for the IFSC Code CNRB0008622 of Canara Bank for its Ramdayalu Nagar, Muzaffarpur branch located in Muzaffarpur, 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 Muzaffarpur and Muzaffarpur, 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 Ramdayalu Nagar, Muzaffarpur or Muzaffarpur to get the exact IFSC Code CNRB0008622.
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 Muzaffarpur, then it will provide you proper information.
How to Use IFSC Code CNRB0008622 for Online Transfers?
Once you have the IFSC Code CNRB0008622 for the Ramdayalu Nagar, Muzaffarpur branch of Canara Bank in Muzaffarpur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0008622. 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 CNRB0008622.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Ramdayalu Nagar, Muzaffarpur in Muzaffarpur, 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 Ramdayalu Nagar, Muzaffarpur, 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 Muzaffarpur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Ramdayalu Nagar, Muzaffarpur Muzaffarpur branch is CNRB0008622.
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 Canara Bank, Ramdayalu Nagar, Muzaffarpur -842002 (Bihar).
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.