Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Chhattisgarh Rajya Gramin Bank for its Madpal branch in Bastar, Madpal, or Chhattisgarh, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Chhattisgarh Rajya Gramin Bank located in Bastar or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code CRGB0001139. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Chhattisgarh Rajya Gramin Bank, Madpal, Bastar

Here are the key points that are associated with the IFSC Code CRGB0001139 of Chhattisgarh Rajya Gramin Bank for its branch located in Bastar, within the district of Madpal in the state of Chhattisgarh.

Particulars Details
Bank Chhattisgarh Rajya Gramin Bank
IFSC Code CRGB0001139
Branch Madpal
City Bastar
District Madpal
State Chhattisgarh
Address Main Road Madpal 494001

These details are important not only for users using online banking but also for businesses and individuals who use Chhattisgarh Rajya Gramin Bank in Bastar for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CRGB0001139 for the Madpal branch of Chhattisgarh Rajya Gramin 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 Chhattisgarh Rajya Gramin Bank located in Madpal, Bastar, Chhattisgarh, is provided with a unique IFSC like CRGB0001139 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Chhattisgarh Rajya Gramin Bank branch in Bastar.
  • 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 Bastar and Madpal.
  • 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 Chhattisgarh and the rest of India and the IFSC Code ensures that transactions meant for Chhattisgarh Rajya Gramin Bank in Madpal do not get mixed with another location.

Format of the IFSC Code CRGB0001139

The format of the IFSC Code for banks, including Chhattisgarh Rajya Gramin Bank, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Chhattisgarh Rajya Gramin 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 Madpal in Bastar.

For example, the IFSC Code CRGB0001139 of Chhattisgarh Rajya Gramin Bank for the Madpal branch includes these elements, identifying the bank and the branch location in Bastar and Chhattisgarh correctly.

How to Find IFSC Code for Chhattisgarh Rajya Gramin Bank?

If you are trying to find the IFSC Code CRGB0001139 of Chhattisgarh Rajya Gramin Bank for its Madpal branch located in Bastar, the following methods can help:

Cheque Book

The cheque book issued by Chhattisgarh Rajya Gramin Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Chhattisgarh Rajya Gramin Bank branches in Bastar and Madpal, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Chhattisgarh Rajya Gramin Bank and navigate to the branch locator section. Search for Madpal or Bastar to get the exact IFSC Code CRGB0001139.

Mobile Banking App

If you use Chhattisgarh Rajya Gramin 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 Chhattisgarh Rajya Gramin Bank and Bastar, you'll get the correct details.

How to Use IFSC Code CRGB0001139 for Online Transfers?

Once you have the IFSC Code CRGB0001139 for the Madpal branch of Chhattisgarh Rajya Gramin Bank in Bastar, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CRGB0001139. 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 Chhattisgarh Rajya Gramin Bank IFSC Code CRGB0001139.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Chhattisgarh Rajya Gramin Bank Madpal in Bastar, 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 Chhattisgarh Rajya Gramin Bank in Madpal, here are some ways that you can get it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Chhattisgarh Rajya Gramin Bank website.
  • Search the RBI portal.

If you know both IFSC and MICR codes, then it can help account holders in Bastar manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Chhattisgarh Rajya Gramin Bank Madpal Bastar?

The IFSC Code of the Madpal Bastar branch is CRGB0001139.

Is IFSC Code CRGB0001139 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 Chhattisgarh Rajya Gramin Bank Madpal branch?

The branch is located at Main Road Madpal 494001.

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.