IFSC Code of Canara Bank, Lakshmiprasad, Nayagarh, Odisha- CNRB0006788

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 Lakshmiprasad branch in Nayagarh, Nayagarh, Odisha, 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 Nayagarh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code CNRB0006788. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Canara Bank, Lakshmiprasad, Nayagarh

Here are the main details that are associated with the IFSC Code CNRB0006788 of Canara Bank for its branch located in Nayagarh, within the district of Nayagarh in the state of Odisha.

These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Nayagarh for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0006788 for the Lakshmiprasad 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 CNRB0006788 is given to every bank branch, including Canara Bank located in Lakshmiprasad, Nayagarh, 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 Nayagarh.
• 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 Nayagarh and Nayagarh.
• 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 Lakshmiprasad doesn't end up at another location.

Format of the IFSC Code CNRB0006788

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 Lakshmiprasad in Nayagarh.

For example, the IFSC Code CNRB0006788 of Canara Bank for the Lakshmiprasad branch includes these elements, identifying the bank and the branch location in Nayagarh and Odisha accurately.

How to Find IFSC Code for Canara Bank?

If you are looking for the IFSC Code CNRB0006788 of Canara Bank for its Lakshmiprasad branch located in Nayagarh, 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 Nayagarh and Nayagarh, 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 Lakshmiprasad or Nayagarh to get the exact IFSC Code CNRB0006788.

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 Nayagarh, then it will provide you proper information.

How to Use IFSC Code CNRB0006788 for Online Transfers?

Once you have the IFSC Code CNRB0006788 for the Lakshmiprasad branch of Canara Bank in Nayagarh, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code CNRB0006788. 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 CNRB0006788.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Lakshmiprasad in Nayagarh, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Canara Bank in Lakshmiprasad, here are some of the ways you can get 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.

Knowing both IFSC and MICR code can help account holders in Nayagarh manage their online transfers and cheque clearances easily.