IFSC Code of Canara Bank, Retail Assets Hub Siwan, Siwan, Bihar- CNRB0007066

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 Retail Assets Hub Siwan branch in Siwan, Siwan, Bihar, 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 Siwan or anywhere in Bihar can easily transfer funds instantly by using the correct IFSC Code CNRB0007066. 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, Retail Assets Hub Siwan, Siwan

Here are some of the key details that come with the IFSC Code CNRB0007066 of Canara Bank for its branch located in Siwan, within the district of Siwan in the state of Bihar.

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 CNRB0007066 for the Retail Assets Hub Siwan 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 that is provided by the Reserve Bank of India. A unique IFSC like CNRB0007066 is given to every bank branch, including Canara Bank located in Retail Assets Hub Siwan, Siwan, Bihar, to make sure that online payments reach the right place.

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 kind of confusion between multiple branches of the same bank across different places like Siwan and Siwan.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Bihar and the rest of India, which is why the IFSC Code ensures that transactions meant for Canara Bank in Retail Assets Hub Siwan doesn't end up at another location.

Format of the IFSC Code CNRB0007066

The format of the IFSC Code for banks, including Canara Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Canara Bank, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Retail Assets Hub Siwan in Siwan.

For example, the IFSC Code CNRB0007066 of Canara Bank for the Retail Assets Hub Siwan 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 CNRB0007066 of Canara Bank for its Retail Assets Hub Siwan 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 Siwan, 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 Retail Assets Hub Siwan or Siwan to get the exact IFSC Code CNRB0007066.

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 CNRB0007066 for Online Transfers?

Once you have the IFSC Code CNRB0007066 for the Retail Assets Hub Siwan branch of Canara Bank in Siwan, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0007066. Transfers are processed in batches. This is 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. Requires the recipient's account details and Canara Bank IFSC Code CNRB0007066.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Canara Bank Retail Assets Hub Siwan in Siwan 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 Retail Assets Hub Siwan, 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.