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 Mohali Sector Eighty Two branch in Rupnagar, Sas Nagar Mohali, Punjab, 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 Rupnagar or anywhere in Punjab can easily transfer funds instantly by using the correct IFSC Code CNRB0019620. 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, Mohali Sector Eighty Two, Rupnagar
The table below shows the main details of the IFSC Code CNRB0019620 for the Canara Bank branch in Rupnagar, which falls under the Sas Nagar Mohali district in Punjab.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0019620 |
| Branch | Mohali Sector Eighty Two |
| City | Rupnagar |
| District | Sas Nagar Mohali |
| State | Punjab |
| Address | Canara Bank Plot No 30 Janta Land Promoters Ltd Sector 82 S A S Kagar Mohali Punjab India 160055 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Rupnagar for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0019620 for the Mohali Sector Eighty Two 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, including Canara Bank located in Mohali Sector Eighty Two, Rupnagar, Punjab, is provided with a unique IFSC like CNRB0019620 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Rupnagar.
- 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 Rupnagar and Sas Nagar Mohali.
- 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 Punjab and the rest of India and the IFSC Code ensures that transactions meant for Canara Bank in Mohali Sector Eighty Two do not get mixed with another location.
Format of the IFSC Code CNRB0019620
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 Mohali Sector Eighty Two in Rupnagar.
For example, the IFSC Code CNRB0019620 of Canara Bank for the Mohali Sector Eighty Two branch includes these elements, identifying the bank and the branch location in Rupnagar and Punjab accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0019620 of Canara Bank for its Mohali Sector Eighty Two branch located in Rupnagar, 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 Rupnagar and Sas Nagar Mohali, 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 Mohali Sector Eighty Two or Rupnagar to get the exact IFSC Code CNRB0019620.
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 Rupnagar, you'll get the correct details.
How to Use IFSC Code CNRB0019620 for Online Transfers?
Once you have the IFSC Code CNRB0019620 for the Mohali Sector Eighty Two branch of Canara Bank in Rupnagar, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0019620. 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 CNRB0019620.
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 Mohali Sector Eighty Two in Rupnagar, it can 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 Mohali Sector Eighty Two, 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 Rupnagar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0019620.
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 Plot No 30 Janta Land Promoters Ltd Sector 82 S A S Kagar Mohali Punjab India 160055 located in Rupnagar, Sas Nagar Mohali, Punjab.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.