Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Canara Bank for its Panipat Rah branch in Panipat, Panipat, Haryana, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Canara Bank located in Panipat or anywhere in Haryana can transfer funds instantly by using the correct IFSC Code CNRB0002248. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Panipat Rah, Panipat
The table below shows the main details of the IFSC Code CNRB0002248 for the Canara Bank branch in Panipat, which falls under the Panipat district in Haryana.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0002248 |
| Branch | Panipat Rah |
| City | Panipat |
| District | Panipat |
| State | Haryana |
| Address | Canara Bank Excel Tower Ground Floor Near Sanjay Chowk 132103 |
These details helps users in online banking and for businesses and individuals who use Canara Bank in Panipat for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0002248 for the Panipat Rah branch of Canara Bank plays a vital 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 Panipat Rah, Panipat, Haryana, are given a unique IFSC like CNRB0002248 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Panipat.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Panipat and Panipat.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Canara Bank in Panipat Rah goes to the correct branch. This is important because Canara Bank has thousands of branches in Haryana and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code CNRB0002248
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 Panipat Rah in Panipat.
For example, the IFSC Code CNRB0002248 of Canara Bank for the Panipat Rah branch includes these elements, identifying the bank and the branch location in Panipat and Haryana accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0002248 of Canara Bank for its Panipat Rah branch located in Panipat, 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 Panipat and Panipat, 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 Panipat Rah or Panipat to get the exact IFSC Code CNRB0002248.
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 Panipat, you'll get the correct details.
How to Use IFSC Code CNRB0002248 for Online Transfers?
If you have the IFSC Code CNRB0002248 for the Panipat Rah branch of Canara Bank in Panipat, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0002248. 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 CNRB0002248.
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 Panipat Rah in Panipat, it 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 Panipat Rah, here are some ways that 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.
If you know both IFSC and MICR codes, then it can help account holders in Panipat manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0002248.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Canara Bank Excel Tower Ground Floor Near Sanjay Chowk 132103 located in Panipat, Panipat, Haryana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.