Canara Bank IFSC Code is 11 characters alpha-numeric code assigned to all the Canara Bank branches in the country by the Reserve Bank of India. This code helps in electronically transfer of funds from one bank account to another. This IFSC Code helps in identifying a specific branch of the Canara Bank, which reduces errors in the transfer of funds, and helps in electronic payment modes such as NEFT, RTGS, and IMPS.
Canara Bank IFSC Code Format
Canara Bank IFSC Code of Dwarka (New Delhi) branch is CNRB0002881.
|Canara Bank Code||Zero||Canara Bank's Branch Code|
- In Canara Bank IFSC Code, the first 4 characters ‘CNRB’ stands for the ‘Name of the Bank’
- The fifth character is ‘0’ which is same for all the banks
- The last 6 characters ‘002881’ stand for the ‘Branch Code’ of Dwarka Branch
How does Canara Bank IFSC Code work?
In order to transfer funds to a particular Canara Bank's payee, one has to provide details including the name of the payee, account number, IFSC code of Canara Bank's receiving branch, and the amount.
Once these details are entered, one will be able to transfer funds to the beneficiary easily as the IFSC code will help to avoid errors in such transactions by identifying the correct Canara Bank branch of the beneficiary's bank account.
How to search the Canara Bank IFSC Code & MICR Code?
Th bank customers can easily find IFSC Code of their Canara Bank's branch by any of the following ways:
1. PaisaBazaar's IFSC Search Tool
Bank account holders can search the IFSC Code for their Canara Bank's branch using the online IFSC Search Tool offered by PaisaBazaar by following the steps mentioned below:
- The IFSC search tool is available at the top of this page
- Canara Bank is the default bank name selected here
- Enter the other details such as state and city names
- Select the Canara Bank's branch to find its IFSC and MICR Codes
The customers can also search for these financial system codes using the ways mentioned below:
2. Canara Bank's Cheque Book
- Canara Bank IFSC code is mentioned at the top of the cheque
- Cheque number and Canara Bank's MICR code is present at the bottom of the cheque
3. Canara Bank's Passbook
The bank account holders can also find their branch's IFSC Code on their account passbook provided by the bank.
4. Canara Bank Net Banking & Mobile Banking application
Account holders can check these codes using the Canara Bank's mobile banking application or net banking portal provided by the bank. Account holders will be required to login to their Canara Bank Mobile Banking application or net banking portal to avail the same.
Alternatively, customers can go to the Reserve Bank of India’s website to find the IFSC Code of any branch of Canara Bank.
How to Make Fund Transfer using Canara Bank IFSC Code?
National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this scheme, individuals can transfer funds online to any individual having an account with any bank branch in the country participating in the scheme. However, the account holder needs to provide IFSC code of Canara Bank or any other bank (in which the beneficiary is holding an account with).
Real-Time Gross Settlement provides real-time settlement of funds individually on an order by order basis (without netting). 'Real Time' means the processing of instructions are done at the time they are received. 'Gross Settlement' refers to the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). However, customer needs to provide all the necessary details such as the name of the payee, account number, IFSC Code of the beneficiary bank’s name, and the amount to be paid.
The IMPS (Immediate Payment Service) helps customers to access their bank account and transfer funds instantly and securely. This service is available 24x7, throughout the year including Sundays and any bank holiday. However, customers are required to provide details such as beneficiary’s account number, account type, IFSC Code of the beneficiary bank’s name, etc.
About Canara Bank
Canara Bank is one of the major public sector banks available in India. It was established at Mangalore in the year 1906 by Ammembai Subha Rao Pai. Nationalized in the year 1968, this bank has a network of 6310 branches and more than 8851 ATMs spread across 4467 centres. Canara Bank is headquartered in Bengaluru and has offices in London, Hong Kong, Moscow, Shanghai, Dubai, Tanzania, and New York as well.