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 Shiramagondanahalli branch in Davangere, Davangere, 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 CNRB0003842. 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, Shiramagondanahalli, Davangere
The table below shows the main details of the IFSC Code CNRB0003842 for the Canara Bank branch in Davangere, which falls under the Davangere district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0003842 |
| Branch | Shiramagondanahalli |
| City | Davangere |
| District | Davangere |
| State | Karnataka |
| Address | Canara Bank, Canara Bank, Y Shivashankar Bldg, Tq Davanagere, Dist Davanagere, Shiramagondanahalli, Karnataka, 577005 |
These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Davangere for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0003842 for the Shiramagondanahalli branch of Canara Bank plays 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, along with Canara Bank located in Shiramagondanahalli, Davangere, Karnataka, are allotted a unique IFSC like CNRB0003842 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Davangere.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Davangere and Davangere.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Canara Bank in Shiramagondanahalli reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code CNRB0003842
The format of the IFSC Code for banks, including Canara Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Canara Bank, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Shiramagondanahalli in Davangere.
For example, the IFSC Code CNRB0003842 of Canara Bank for the Shiramagondanahalli 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 looking for the IFSC Code CNRB0003842 of Canara Bank for its Shiramagondanahalli branch located in Davangere, the following methods can help:
Cheque Book
The cheque book that is issued by Canara Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including Canara Bank branches in Davangere and Davangere, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Canara Bank and look for the branch locator section, then search for Shiramagondanahalli or Davangere to get the exact IFSC Code CNRB0003842.
Mobile Banking App
If you use Canara Bank's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Canara Bank and Davangere, then it will provide you proper information.
How to Use IFSC Code CNRB0003842 for Online Transfers?
Once you have the IFSC Code CNRB0003842 for the Shiramagondanahalli 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 CNRB0003842. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.
RTGS
Used for high-value payments above ₹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 CNRB0003842.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Shiramagondanahalli 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 are very different from IFSC codes. If you are looking for the MICR code of Canara Bank in Shiramagondanahalli, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Davangere manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Shiramagondanahalli Davangere branch is CNRB0003842.
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 Canara Bank, Canara Bank, Y Shivashankar Bldg, Tq Davanagere, Dist Davanagere, Shiramagondanahalli, Karnataka, 577005.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.