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Canara Bank IFSC code is an 11-digit alphanumeric code that is used for all types of online fund transfer processes including IMPS, RTGS and NEFT. This code is mainly used to make money transfer a swift process. The IFSC code of Canara bank is assigned by the Reserve Bank of India, thus giving each branch of the bank institution a unique identity. To carry out money transfer online through the Canara bank account, an individual needs to know the IFSC code of the bank branch in which he is transferring the money. To transfer money in Canara bank account from another bank, it is important for an individual to know the IFSC code of the Canara bank branch. Each and every branch of Canara bank has a separate IFSC code and no two branches of the bank can ever have the same code. IFSC code is extremely important to do the fund transfer process properly as it also acts as a branch identification code.
The Canara bank IFSC code is an 11 digit number with first four numbers depicting the name of the bank, the fifth being 0 and the last six being the branch code of the bank. Without a valid IFSC code, the Canara bank would not initiate the funds' transfer process. With Canara bank IFSC code, fund transferors can identify the errors in their money transfer process. Due to Canara IFSC code, fund tracking has become easy and it helps an individual identify the branch of the bank where the money is being processed in.
For example, IFSC code of Canara bank How to Search for IFSC and MICR Code of Canara Bank? If you are looking to find IFSC and MICR code of Canara bank, then here’s how you can find them.
IFSC code of Canara bank can be found on the chequebook or passbook issued by the bank. Whereas, the MICR code can be found on the bottom of the cheque issued by the bank. IFSC and MICR codes of Canara bank can be found online too.
If you want to transfer funds to an individual holding an account with Canara Bank, then you would require the below details.
To successfully initiate a funds transfer from your Canara bank account, you would require the below details:
To ensure that every transaction made by a Canara bank account holder is safe, the bank offers the below payment systems which requires the account holder to enter the IFSC details of the beneficiary.
For RTGS transactions settlement, the bank follows the below schedule.
Canara Bank is one of the largest public sector banks in India. The bank is owned by the Government of India and has its headquarters in Bengaluru. As per a 2017 study, the bank has a network of 6639 branches and more than 10600+ ATMs. The bank also has branches in several international cities such as London, Hong Kong, Moscow, Shanghai and others. The bank offers an array of financial products and services such as investment banking, commercial banking, pensions and others.