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 Daraunda branch in Siwan, Daraundha, Bihar, 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 Siwan or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code CNRB0000991. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Canara Bank, Daraunda, Siwan

The table below shows the main details of the IFSC Code CNRB0000991 for the Canara Bank branch in Siwan, which falls under the Daraundha district in Bihar.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0000991
Branch Daraunda
City Siwan
District Daraundha
State Bihar
Address Chapra Siwan Main Road, 101, Dilawar Market, I Floor, Daraundha, Dist Siwan (Bihar) - 841 233

These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Siwan for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0000991 for the Daraunda 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 Daraunda, Siwan, Bihar, is provided with a unique IFSC like CNRB0000991 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Canara Bank branch in Siwan.
  • 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 Siwan and Daraundha.
  • 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 Bihar and the rest of India and the IFSC Code ensures that transactions meant for Canara Bank in Daraunda do not get mixed with another location.

Format of the IFSC Code CNRB0000991

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 Daraunda in Siwan.

For example, the IFSC Code CNRB0000991 of Canara Bank for the Daraunda branch includes these elements, identifying the bank and the branch location in Siwan and Bihar accurately.

How to Find IFSC Code for Canara Bank?

If you are trying to find the IFSC Code CNRB0000991 of Canara Bank for its Daraunda branch located in Siwan, 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 Siwan and Daraundha, 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 Daraunda or Siwan to get the exact IFSC Code CNRB0000991.

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 Siwan, you'll get the correct details.

How to Use IFSC Code CNRB0000991 for Online Transfers?

If you have the IFSC Code CNRB0000991 for the Daraunda branch of Canara Bank in Siwan, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0000991. 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 CNRB0000991.

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 Daraunda in Siwan, 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 Daraunda, 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 Siwan to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank Daraunda Siwan?

The IFSC Code of the Daraunda Siwan branch is CNRB0000991.

Is IFSC Code CNRB0000991 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Canara Bank Daraunda branch?

The branch is located at Chapra Siwan Main Road, 101, Dilawar Market, I Floor, Daraundha, Dist Siwan (Bihar) - 841 233.

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.