There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Canara Bank for its Panna Ii branch in Neemuch, Neemuch, Madhya Pradesh, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Canara Bank situated in Neemuch or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code CNRB0017842. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Panna Ii, Neemuch
Here are the main details that are associated with the IFSC Code CNRB0017842 of Canara Bank for its branch located in Neemuch, within the district of Neemuch in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0017842 |
| Branch | Panna Ii |
| City | Neemuch |
| District | Neemuch |
| State | Madhya Pradesh |
| Address | 6 Vikas Nagar Ambedkar Road Neemuch Mahdya Pradesh 458441 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Neemuch for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0017842 for the Panna Ii 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 provided by the Reserve Bank of India. Every bank branch, along with Canara Bank located in Panna Ii, Neemuch, Madhya Pradesh, are allotted a unique IFSC like CNRB0017842 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Neemuch.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Neemuch and Neemuch.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Canara Bank in Panna Ii reaches the right place, even though there are thousands of branches in Madhya Pradesh and across India.
Format of the IFSC Code CNRB0017842
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 Panna Ii in Neemuch.
For example, the IFSC Code CNRB0017842 of Canara Bank for the Panna Ii branch includes these elements, identifying the bank and the branch location in Neemuch and Madhya Pradesh accurately.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0017842 of Canara Bank for its Panna Ii branch located in Neemuch, 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 Neemuch and Neemuch, 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 Panna Ii or Neemuch to find the exact IFSC Code CNRB0017842.
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 Neemuch will provide accurate information.
How to Use IFSC Code CNRB0017842 for Online Transfers?
Once you have the IFSC Code CNRB0017842 for the Panna Ii branch of Canara Bank in Neemuch, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0017842. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 CNRB0017842.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Panna Ii in Neemuch, 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 Panna Ii, 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 Neemuch to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0017842.
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 6 Vikas Nagar Ambedkar Road Neemuch Mahdya Pradesh 458441 located in Neemuch, Neemuch, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
