What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Canara Bank Beed Bhir Raigad Branch IFSC/MICR Code Details
Bank Name CANARA BANK
Address 1383, SUBHAS ROAD, , BHIR 431 122
State MAHARASHTRA
District RAIGAD
Branch BEED BHIR
IFSC Code CNRB0001375
Branch Code 001375 (Last six characters of IFSC code represent Branch code.)
MICR Code 431015302
Contact Phone 222232
via https://bankingzone.in/ifsc

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