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 Nawadih branch in Nawadih, Nawadih, Jharkhand, 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 Nawadih or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code CNRB0007391. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Nawadih, Nawadih
Here are the key points that are associated with the IFSC Code CNRB0007391 of Canara Bank for its branch located in Nawadih, within the district of Nawadih in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0007391 |
| Branch | Nawadih |
| City | Nawadih |
| District | Nawadih |
| State | Jharkhand |
| Address | Beside St Xavier School Bhuli Bypass Road Nawadih Dhanbad Dist Jharkhand 828130 |
These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Nawadih for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0007391 for the Nawadih branch of Canara Bank plays an 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 Nawadih, Nawadih, Jharkhand, is provided a unique IFSC like CNRB0007391 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Canara Bank branch in Nawadih.
- 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 Nawadih and Nawadih.
- 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 Jharkhand and the rest of India, the IFSC Code ensures that transactions meant for Canara Bank in Nawadih do not get misguided to another person.
Format of the IFSC Code CNRB0007391
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 Nawadih in Nawadih.
For example, the IFSC Code CNRB0007391 of Canara Bank for the Nawadih branch includes these elements, identifying the bank and the branch location in Nawadih and Jharkhand accurately.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0007391 of Canara Bank for its Nawadih branch located in Nawadih, the following methods can help you out:
Cheque Book
The cheque book issued by Canara Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Canara Bank branches in Nawadih and Nawadih, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Canara Bank and go to the branch locator section. Then search for Nawadih or Nawadih to find the exact IFSC Code CNRB0007391.
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 maintains an updated database of all IFSC codes. Searching for Canara Bank and Nawadih will provide accurate information.
How to Use IFSC Code CNRB0007391 for Online Transfers?
Once you have the IFSC Code CNRB0007391 for the Nawadih branch of Canara Bank in Nawadih, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0007391. Transfers are processed in batches. This is 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. Requires the recipient's account details and Canara Bank IFSC Code CNRB0007391.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Canara Bank Nawadih in Nawadih 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 Nawadih, 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 Nawadih to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0007391.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Beside St Xavier School Bhuli Bypass Road Nawadih Dhanbad Dist Jharkhand 828130 located in Nawadih, Nawadih, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.