IFSC Code of Canara Bank, Nayagarh, Nayagarh, Odisha- CNRB0003368

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 Nayagarh branch in Nayagarh, Nayagarh, 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 Nayagarh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code CNRB0003368. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Canara Bank, Nayagarh, Nayagarh

The table below shows the main details of the IFSC Code CNRB0003368 for the Canara Bank branch in Nayagarh, which falls under the Nayagarh district in Odisha.

These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Nayagarh for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0003368 for the Nayagarh branch of Canara Bank is vital.

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 Nayagarh, Nayagarh, Odisha, is provided with a unique IFSC like CNRB0003368 to ensure that online payments reach the right destination.

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 errors or confusions between multiple branches of the same bank across different places like Nayagarh and Nayagarh.
• 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 Nayagarh do not get mixed with another location.

Format of the IFSC Code CNRB0003368

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 Nayagarh in Nayagarh.

For example, the IFSC Code CNRB0003368 of Canara Bank for the Nayagarh 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 trying to find the IFSC Code CNRB0003368 of Canara Bank for its Nayagarh branch located in Nayagarh, 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 Nayagarh and Nayagarh, 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 Nayagarh or Nayagarh to get the exact IFSC Code CNRB0003368.

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 Nayagarh, you'll get the correct details.

How to Use IFSC Code CNRB0003368 for Online Transfers?

If you have the IFSC Code CNRB0003368 for the Nayagarh branch of Canara Bank in Nayagarh, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0003368. Transfers are processed in batches. 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. Asks for the recipient's account details and Canara Bank IFSC Code CNRB0003368.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Canara Bank Nayagarh in Nayagarh, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Canara Bank in Nayagarh, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Canara Bank website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Nayagarh manage online transfers as well as cheque clearances with ease.