The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Canara Bank for its Vasantgad branch in Satara, Karad, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Canara Bank located in Satara or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code CNRB0004512. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Vasantgad, Satara
Below in the table are the key details related to IFSC Code CNRB0004512 of Canara Bank for its branch located in Satara, within the district of Karad in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0004512 |
| Branch | Vasantgad |
| City | Satara |
| District | Karad |
| State | Maharashtra |
| Address | 176 A, Ganeshpeth, East From St Bus Stand, P O Vasantgad, Karad, Dsit Satara - 415114 |
These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Satara for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0004512 for the Vasantgad branch of Canara Bank plays 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 Vasantgad, Satara, Maharashtra, are given a unique IFSC like CNRB0004512 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Satara.
- 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 Satara and Karad.
- 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 Vasantgad goes to the correct branch. This is important because Canara Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code CNRB0004512
The format of the IFSC Code for banks, including Canara Bank, has 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 Vasantgad in Satara.
For example, the IFSC Code CNRB0004512 of Canara Bank for the Vasantgad branch includes these elements, identifying the bank and the branch location in Satara and Maharashtra correctly.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0004512 of Canara Bank for its Vasantgad branch located in Satara, 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 Satara and Karad, 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 Vasantgad or Satara to find the exact IFSC Code CNRB0004512.
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 Satara will provide accurate information.
How to Use IFSC Code CNRB0004512 for Online Transfers?
Once you have the IFSC Code CNRB0004512 for the Vasantgad branch of Canara Bank in Satara, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0004512. 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 CNRB0004512.
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 Vasantgad in Satara, 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 Vasantgad, 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 Satara to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0004512.
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 176 A, Ganeshpeth, East From St Bus Stand, P O Vasantgad, Karad, Dsit Satara - 415114 located in Satara, Karad, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.