IFSC code, also known as the Indian Financial System Code, is a distinctive 11-digit alpha-numeric code for banking institutions that allow money transfer services. You can find the Canara Bank IFSC code on the cheque book and passbook. Besides, you may also use any search engine to know the same. The bank has a network of over 6639 branches across India, and you are only permitted to conduct transactions at any of the branches if you know the Canara IFSC code.
This 11-digit key is made up of three parts. For example, the Canara Bank IFSC code for the Chandigarh branch is CNRB0005144. The first four letters of the code 'CNBR' represent the name of the bank, while the fifth digit 'zero. The following six digits, '005144,' on the other hand, specifically assist in identifying the concerned branch. CNRB IFSC code is mandatory to do online transactions using NEFT, IMPS, or RTGS. It also eliminates the chances of error while transferring the money.
Canara Bank was founded in Mangalore in July 1906 with a vision of becoming a world-class bank by pursuing global benchmarks in profitability, operational efficiency, asset quality, risk management, and global reach. Over the course of its century-long existence, the bank has passed through multiple stages of its growth curve. In June 2006, the bank celebrated its centennial anniversary in the Indian banking industry.
It is regarded as India's third-largest nationalised bank, offering a variety of products and services. The bank has a wide presence across the nation. It also holds eight international branches. It has seven subsidiaries, including Canbank Financial Services. The firm always focuses on delivering its best to its customers as well as ensuring customer satisfaction.
Canara Bank IFSC code and MICR code can be found on the bank's official website by entering your branch information. You can also use third-party search engines to obtain the same details.
The data about your Canara Bank IFSC code and MICR code can be found in your bank's passbook and cheque book. It is mentioned on the first page of both the passbook and cheque book.
NEFT is the abbreviation of the National Electronic Funds Transfer. It is one of the best ways to transfer money.
Here are the steps to follow for the same.
Step 1: To start, log in to your Canara Bank net banking account.
Step 2: Go to the ‘Fund Transfer’ Section.
Step 3: Next, you are required to add the person as your beneficiary.
Step 4: For adding someone as your beneficiary, you are required to provide details of the person to whom you want to transfer the money, including name, bank details, and Canara IFSC code.
Step 4: After providing all the details, you can transfer the money.
Note: You are only allowed to do the transaction of up to Rs. 2 Lakhs using this mode.
RTGS is known for Real-Time Gross Settlement. This mode is used to transfer money above Rs. 2 Lakhs. It is one of the fastest ways to transfer a high amount of money.
Below are the steps to follow for the same.
Step 1: As a first step, log in to your Canara Bank net banking account.
Step 2: Afterwards, choose the ‘Fund Transfer’ option from the list.
Step 3: Next, you must add the person as your beneficiary to whom you want to transfer money
Step 4: In order to add the beneficiary, you must provide details including name, bank details, and Canara IFSC code.
Step 5: Lastly, after completing all the steps, you can do the transaction.
Immediate Payment Service (IMPS) is an easy method to transfer money. With the help of this mode, you can do transactions 24/7.
Following are the steps in order to do the transaction.
Step 1: To initiate, log in to your Canara Bank net banking account.
Step 2: Next, pick the 'Fund Transfer' alternative from the menu.
Step 3: After that, add the person to whom you would like to move cash as a recipient.
Step 4: To add the recipient, you are required to give mandated details such as the beneficiary's name, bank details, and Canara IFSC code.
Step 5: Finally, once all of the steps have been completed, you can complete the transaction.
Yes, you can find the Canara Bank IFSC code of the desired branch by providing your account number.
The last six digits of the Canara Bank IFSC represents the branch name. Moreover, you can also use any search bar to know the branch name by providing the CNRB IFSC code.
Every branch of the bank has its own CNRB IFSC code. You can find it in your passbook or cheque book. Additionally, you can also use any search bar to get it.
No, and if the bank does so, they will inform their customers with an official notice.
Yes, you are required to provide the Canara IFSC code in order to do a transaction using NEFT, RTGS, or IMPS.