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 Specialised Mid Corporate Branch Varanasi Hathuwa Market branch in Varanasi, Varanasi, Uttar Pradesh, 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 Varanasi or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code CNRB0019856. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Specialised Mid Corporate Branch Varanasi Hathuwa Market, Varanasi
Here are some of the key details that come with the IFSC Code CNRB0019856 of Canara Bank for its branch located in Varanasi, within the district of Varanasi in the state of Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0019856 |
| Branch | Specialised Mid Corporate Branch Varanasi Hathuwa Market |
| City | Varanasi |
| District | Varanasi |
| State | Uttar Pradesh |
| Address | Canara Bank Mcb Varanasi First Floor Varanasi Trade Centre Maqboolalam Road Varanasi Up 221002 |
These details help users in online banking and for businesses and individuals who use Canara Bank in Varanasi for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0019856 for the Specialised Mid Corporate Branch Varanasi Hathuwa Market branch of Canara Bank has a very 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 Specialised Mid Corporate Branch Varanasi Hathuwa Market, Varanasi, Uttar Pradesh, are given a unique IFSC like CNRB0019856 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Varanasi.
- 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 Varanasi and Varanasi.
- 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 Specialised Mid Corporate Branch Varanasi Hathuwa Market goes to the correct branch. This is important because Canara Bank has thousands of branches in Uttar Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code CNRB0019856
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 Specialised Mid Corporate Branch Varanasi Hathuwa Market in Varanasi.
For example, the IFSC Code CNRB0019856 of Canara Bank for the Specialised Mid Corporate Branch Varanasi Hathuwa Market branch includes these elements, identifying the bank and the branch location in Varanasi and Uttar Pradesh accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0019856 of Canara Bank for its Specialised Mid Corporate Branch Varanasi Hathuwa Market branch located in Varanasi, 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 Varanasi and Varanasi, 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 Specialised Mid Corporate Branch Varanasi Hathuwa Market or Varanasi to get the exact IFSC Code CNRB0019856.
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 Varanasi, you'll get the correct details.
How to Use IFSC Code CNRB0019856 for Online Transfers?
Once you have the IFSC Code CNRB0019856 for the Specialised Mid Corporate Branch Varanasi Hathuwa Market branch of Canara Bank in Varanasi, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0019856. 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 CNRB0019856.
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 Specialised Mid Corporate Branch Varanasi Hathuwa Market in Varanasi, 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 Specialised Mid Corporate Branch Varanasi Hathuwa Market, 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 Varanasi to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0019856.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Canara Bank Mcb Varanasi First Floor Varanasi Trade Centre Maqboolalam Road Varanasi Up 221002 located in Varanasi, Varanasi, Uttar Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.