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 Gomardih Mines branch in Sundargarh, Gomardih Mines, Odisha, 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 Sundargarh or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code CNRB0001498. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Canara Bank, Gomardih Mines, Sundargarh

Here are the key points that are associated with the IFSC Code CNRB0001498 of Canara Bank for its branch located in Sundargarh, within the district of Gomardih Mines in the state of Odisha.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0001498
Branch Gomardih Mines
City Sundargarh
District Gomardih Mines
State Odisha
Address Tisco Camp, P.O. , Tunmura, Dist Sundergarh (Orissa) - 770070

These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Sundargarh for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0001498 for the Gomardih Mines branch of Canara Bank is vital.

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 Gomardih Mines, Sundargarh, Odisha, is provided with a unique IFSC like CNRB0001498 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Canara Bank branch in Sundargarh.
  • 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 Sundargarh and Gomardih Mines.
  • 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 Odisha and the rest of India and the IFSC Code ensures that transactions meant for Canara Bank in Gomardih Mines do not get mixed with another location.

Format of the IFSC Code CNRB0001498

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 Gomardih Mines in Sundargarh.

For example, the IFSC Code CNRB0001498 of Canara Bank for the Gomardih Mines branch includes these elements, identifying the bank and the branch location in Sundargarh and Odisha accurately.

How to Find IFSC Code for Canara Bank?

If you are trying to find the IFSC Code CNRB0001498 of Canara Bank for its Gomardih Mines branch located in Sundargarh, 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

Most banks, including Canara Bank branches in Sundargarh and Gomardih Mines, print the IFSC and MICR codes 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 Gomardih Mines or Sundargarh to get the exact IFSC Code CNRB0001498.

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 Sundargarh, you'll get the correct details.

How to Use IFSC Code CNRB0001498 for Online Transfers?

Once you have the IFSC Code CNRB0001498 for the Gomardih Mines branch of Canara Bank in Sundargarh, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0001498. 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 CNRB0001498.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Canara Bank Gomardih Mines in Sundargarh 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 Gomardih Mines, 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 Sundargarh to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank Gomardih Mines Sundargarh?

The IFSC Code of the Gomardih Mines Sundargarh branch is CNRB0001498.

Is IFSC Code CNRB0001498 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 Gomardih Mines branch?

The branch is located at Tisco Camp, P.O. , Tunmura, Dist Sundergarh (Orissa) - 770070.

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.