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Chhattisgarh Rajya Gramin Bank

KAPSI BRANCH

+916232032325

IFSC CODE
CRGB0001004
MICR Code 494521504
Branch Code 001004
City / District KAPSI
State CHHATTISGARH
Office Address AT & POST-KAPSI- BLOCK- KOELIBEDA TEH-PAKHANJUR. DIST-KANKER 494771
Phone +916232032325
📍 View Branch on Google Maps

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Understanding IFSC Code: The Digital DNA of Chhattisgarh Rajya Gramin Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the KAPSI branch of Chhattisgarh Rajya Gramin Bank, the code CRGB0001004 ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the CRGB0001004 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"CRGB" represents Chhattisgarh Rajya Gramin Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for KAPSI

Payment Systems Supported by CRGB0001004

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code—494521504—is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Chhattisgarh Rajya Gramin Bank in KAPSI typically follows the RBI holiday calendar. Digital transfers via CRGB0001004 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While CRGB0001004 is the valid code for KAPSI at KAPSI, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

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Financial Tools

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Branch Context

  • • KAPSI Contact
  • • Address of Chhattisgarh Rajya Gramin Bank
  • • MICR Code Finder
  • • CHHATTISGARH Banking Circle

Platform Links

  • • Anand Design DevBox
  • • SEO Performance Hub
  • • Webmaster Tools
  • • IFSC Finder v2.0

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