Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Canara Bank for its Mayakonda branch in Davangere, Mayakonda, Karnataka, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Canara Bank located in Davangere or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code CNRB0000449. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Mayakonda, Davangere
The table below shows the main details of the IFSC Code CNRB0000449 for the Canara Bank branch in Davangere, which falls under the Mayakonda district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0000449 |
| Branch | Mayakonda |
| City | Davangere |
| District | Mayakonda |
| State | Karnataka |
| Address | Opp Police Station,, Mayakonda, Davangere Dist, Karnataka - 577534 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Davangere for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0000449 for the Mayakonda branch of Canara Bank has an important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Canara Bank located in Mayakonda, Davangere, Karnataka, is provided with a unique IFSC like CNRB0000449 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Davangere.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Davangere and Mayakonda.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Canara Bank in Mayakonda do not get mixed with another location.
Format of the IFSC Code CNRB0000449
This is the format of the IFSC Code for banks, including Canara Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Canara Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Mayakonda in Davangere.
For example, the IFSC Code CNRB0000449 of Canara Bank for the Mayakonda branch includes these elements, identifying the bank and the branch location in Davangere and Karnataka accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0000449 of Canara Bank for its Mayakonda branch located in Davangere, the following methods can help:
Cheque Book
The cheque book issued by Canara Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.
Passbook
Most banks, including Canara Bank branches in Davangere and Mayakonda, print the IFSC and MICR codes on the first page of your passbook.
Bank Website
Visit the official website of Canara Bank and navigate to the branch locator section. Search for Mayakonda or Davangere to get the exact IFSC Code CNRB0000449.
Mobile Banking App
If you use Canara Bank's mobile app, you can check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Canara Bank and Davangere, you'll get the correct details.
How to Use IFSC Code CNRB0000449 for Online Transfers?
Once you have the IFSC Code CNRB0000449 for the Mayakonda branch of Canara Bank in Davangere, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0000449. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and Canara Bank IFSC Code CNRB0000449.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Mayakonda in Davangere, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Canara Bank in Mayakonda, here are some ways that you can get it:
- Check the bottom of your cheque leaf.
- Refer to the first page of your passbook.
- Visit the official Canara Bank website.
- Search the RBI portal.
If you know both IFSC and MICR codes, then it can help account holders in Davangere manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Mayakonda Davangere branch is CNRB0000449.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Opp Police Station,, Mayakonda, Davangere Dist, Karnataka - 577534.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.