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CANARA BANK CIRCLE OFFICE, BHOPAL, BHOPAL BRANCH IFSC CODE & MICR CODE - MADHYA PRADESH

IFSC CodeCNRB0CO7450
MICR CodeMICR not provided
BankCANARA BANK
AddressBLOCK-3, 5TH FLOOR,, PARYAVAAS BHAVAN, ARERA HILLS,, JAIL ROAD, BHOPAL M P -462001,
DistrictBHOPAL
StateMADHYA PRADESH
BranchCIRCLE OFFICE, BHOPAL
Phone number0

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Frequently Asked Questions

What is the IFSC Code for CANARA BANK CIRCLE OFFICE, BHOPAL branch?

The IFSC Code of CIRCLE OFFICE, BHOPAL branch of CANARA BANK is CNRB0CO7450.

What is the address of the CANARA BANK CIRCLE OFFICE, BHOPAL branch?+
What is the branch timing of the CANARA BANK CIRCLE OFFICE, BHOPAL branch?+
What are the contact details of the CANARA BANK CIRCLE OFFICE, BHOPAL branch?+
On which Saturdays does the CANARA BANK CIRCLE OFFICE, BHOPAL branch remain closed?+

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Difference Between Branch Code, IFSC Code and MICR Code

The branch code is a unique identifier that helps distinguish one branch of a bank from another within the same network. It is typically a combination of numbers or letters assigned to each branch to facilitate easy identification and communication within the banking system. This code is important for internal record-keeping, customer service, and other administrative purposes within the bank.
On the other hand, the IFSC (Indian Financial System Code) is a crucial code used for electronic fund transfers in India. It is an alphanumeric code that consists of 11 characters and is assigned by the Reserve Bank of India to each bank branch participating in the NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) systems. The IFSC code helps ensure accurate routing of funds between banks and branches, thereby minimizing errors and delays in transactions.
Additionally, the MICR (Magnetic Ink Character Recognition) code is a technology used for authenticating banks on documents like cheques. It consists of a unique combination of numbers and characters printed in magnetic ink at the bottom of cheques to facilitate automated processing.
The MICR code helps in identifying the bank and branch where the cheque is drawn, ensuring secure and efficient cheque processing.
In summary, while the branch code helps identify specific bank branches within a network, the IFSC code is essential for electronic fund transfers, and the MICR code plays a vital role in authenticating banks on cheques for efficient processing. Together, these codes play a crucial role in ensuring smooth and secure financial transactions within the banking system.

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