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 Raichur Ssrg Womens College branch in Raichur, Raichur, Karnataka, 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 Raichur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code CNRB0011816. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Canara Bank, Raichur Ssrg Womens College, Raichur

Here are the key points that are associated with the IFSC Code CNRB0011816 of Canara Bank for its branch located in Raichur, within the district of Raichur in the state of Karnataka.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0011816
Branch Raichur Ssrg Womens College
City Raichur
District Raichur
State Karnataka
Address Station Road Raichur Raichur 584 101

These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Raichur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0011816 for the Raichur Ssrg Womens College 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 Raichur Ssrg Womens College, Raichur, Karnataka, are given a unique IFSC like CNRB0011816 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Raichur.
  • 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 Raichur and Raichur.
  • 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 Raichur Ssrg Womens College goes to the correct branch. This is important because Canara Bank has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code CNRB0011816

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 Raichur Ssrg Womens College in Raichur.

For example, the IFSC Code CNRB0011816 of Canara Bank for the Raichur Ssrg Womens College branch includes these elements, identifying the bank and the branch location in Raichur and Karnataka accurately.

How to Find IFSC Code for Canara Bank?

To find the IFSC Code CNRB0011816 of Canara Bank for its Raichur Ssrg Womens College branch located in Raichur, 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 Raichur and Raichur, 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 Raichur Ssrg Womens College or Raichur to find the exact IFSC Code CNRB0011816.

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 Raichur will provide accurate information.

How to Use IFSC Code CNRB0011816 for Online Transfers?

Once you have the IFSC Code CNRB0011816 for the Raichur Ssrg Womens College branch of Canara Bank in Raichur, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0011816. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Canara Bank IFSC Code CNRB0011816.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Canara Bank Raichur Ssrg Womens College in Raichur, it can result in delayed or failed transactions.

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 Raichur Ssrg Womens College, 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 Raichur manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank in Raichur Ssrg Womens College, Raichur?

The IFSC Code is CNRB0011816.

Is the IFSC Code CNRB0011816 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Canara Bank Raichur Ssrg Womens College?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Raichur Ssrg Womens College branch?

The address of the branch is Station Road Raichur Raichur 584 101 located in Raichur, Raichur, Karnataka.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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