Chhattisgarh Rajya Gramin Bank IFSC code

Chhattisgarh Rajya Gramin Bank is a regional rural bank that operates across Chhattisgarh, providing essential banking services to rural and semi-urban areas. Formed under the sponsorship of State Bank of India (SBI), the bank facilitates electronic fund transfers through the use of an IFSC code, a unique 11-character alphanumeric identifier for its branches.

You can check the Chhattisgarh Rajya Gramin Bank IFSC Code for Raipur, Rajnandgaon, Baikunthpur, and other branches. Read on to check the Chhattisgarh Rajya Gramin Bank Ifsc Code List.

IFSC Code of Chhattisgarh Rajya Gramin Bank

Let’s go through the Chhattisgarh Rajya Gramin Bank IFSC code, MICR code, branch code, & other details. Below are the details of the Chhattisgarh Rajya Gramin Bank IFSC code for its Raipur branch.

Branch-Wise Chhattisgarh Rajya Gramin Bank IFSC Code

The table below provides the branches spread across the state of Chhattisgarh, each with its own unique IFSC code.

Chhattisgarh Rajya Gramin Bank IFSC Code Structure

The format of Chhattisgarh Rajya Gramin Bank IFSC code is as follows:

About Chhattisgarh Rajya Gramin Bank

Chhattisgarh Rajya Gramin Bank plays a key role in the development of rural banking infrastructure in Chhattisgarh. Chhattisgarh Rajya Gramin Bank (CRGB) is a Regional Rural Bank (RRB) operating in the state of Chhattisgarh, India. Established in 2013 through the amalgamation of three existing RRBs, CRGB is sponsored by the State Bank of India. Its head office is located in Raipur.

Importance of Chhattisgarh Gramin Bank IFSC Codes

The Chhattisgarh Rajya Gramin Bank IFSC code is especially important in rural (Gramin) areas for several key reasons:

Branch Identification: Each branch in rural areas has a unique IFSC code that helps in accurately identifying the specific branch during financial transactions.This is crucial in remote locations where multiple branches may serve the same region, ensuring funds are routed to the correct branch.

Access to Electronic Fund Transfers:In rural areas, the IFSC code facilitates electronic transfers like NEFT, RTGS, and IMPS. It empowers residents in these regions to receive and send money conveniently, making financial inclusion more effective and efficient.

Digital Banking:IFSC codes enable people in rural areas to access online banking services, such as fund transfers and bill payments.This reduces the dependency on physical bank visits and promotes the use of digital banking, which is particularly beneficial in remote locations.

Financial Accessibility:With the use of IFSC codes, even small rural branches are connected to the national banking network, making it easier for individuals to conduct inter-bank transactions.This helps people in rural areas manage their finances better, particularly for payments, remittances, and agricultural subsidies.

Error-Free Transactions:The correct use of IFSC codes in Gramin areas helps prevent errors and delays in financial transactions.It ensures that funds are delivered accurately, minimizing the risk of mistakes that can affect those with limited access to banking facilities.

Support for Government Schemes:IFSC codes play a crucial role in the smooth disbursement of government schemes, subsidies, and welfare payments directly to beneficiaries in rural areas.