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 Khonunpur branch in Nalanda, Chitrakoot, 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 Nalanda or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code CNRB0004580. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Khonunpur, Nalanda
Below in the table are the key details related to IFSC Code CNRB0004580 of Canara Bank for its branch located in Nalanda, within the district of Chitrakoot in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0004580 |
| Branch | Khonunpur |
| City | Nalanda |
| District | Chitrakoot |
| State | Bihar |
| Address | Canara Bank, Vill- At Po - Sabbait, Distt - Nalanda, Pin 803111 |
These details help users in online banking and for businesses and individuals who use Canara Bank in Nalanda for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0004580 for the Khonunpur branch of Canara Bank has a very important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Canara Bank located in Khonunpur, Nalanda, Bihar, is provided a unique IFSC like CNRB0004580 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Canara Bank branch in Nalanda.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Nalanda and Chitrakoot.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Bihar and the rest of India, the IFSC Code ensures that transactions meant for Canara Bank in Khonunpur do not get misguided to another person.
Format of the IFSC Code CNRB0004580
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 Khonunpur in Nalanda.
For example, the IFSC Code CNRB0004580 of Canara Bank for the Khonunpur branch includes these elements, identifying the bank and the branch location in Nalanda and Bihar accurately.
How to Find IFSC Code for Canara Bank?
If you are looking for the IFSC Code CNRB0004580 of Canara Bank for its Khonunpur branch located in Nalanda, 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 Nalanda and Chitrakoot, 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 Khonunpur or Nalanda to get the exact IFSC Code CNRB0004580.
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 Nalanda, then it will provide you proper information.
How to Use IFSC Code CNRB0004580 for Online Transfers?
Once you have the IFSC Code CNRB0004580 for the Khonunpur branch of Canara Bank in Nalanda, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0004580. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Canara Bank IFSC Code CNRB0004580.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Canara Bank Khonunpur in Nalanda, it can 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 Khonunpur, 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 Nalanda to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0004580.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Canara Bank, Vill- At Po - Sabbait, Distt - Nalanda, Pin 803111 located in Nalanda, Chitrakoot, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.