The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Canara Bank for its Annigeri branch in Dharwad, Annigeri, Karnataka, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Canara Bank located in Dharwad or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code CNRB0000501. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Annigeri, Dharwad
Here are some of the key details that come with the IFSC Code CNRB0000501 of Canara Bank for its branch located in Dharwad, within the district of Annigeri in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0000501 |
| Branch | Annigeri |
| City | Dharwad |
| District | Annigeri |
| State | Karnataka |
| Address | House No.554 A, Bazaar, Annigeri 582201, |
These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Dharwad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0000501 for the Annigeri 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, including Canara Bank located in Annigeri, Dharwad, Karnataka, is provided with a unique IFSC like CNRB0000501 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Dharwad.
- 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 Dharwad and Annigeri.
- 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 Annigeri do not get mixed with another location.
Format of the IFSC Code CNRB0000501
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 Annigeri in Dharwad.
For example, the IFSC Code CNRB0000501 of Canara Bank for the Annigeri branch includes these elements, identifying the bank and the branch location in Dharwad and Karnataka accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0000501 of Canara Bank for its Annigeri branch located in Dharwad, 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
You can easily find the IFSC and MICR codes because most banks, including Canara Bank branches in Dharwad and Annigeri, print them 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 Annigeri or Dharwad to get the exact IFSC Code CNRB0000501.
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 Dharwad, you'll get the correct details.
How to Use IFSC Code CNRB0000501 for Online Transfers?
Once you have the IFSC Code CNRB0000501 for the Annigeri branch of Canara Bank in Dharwad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0000501. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. You need the recipient's account details and Canara Bank IFSC Code CNRB0000501.
Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Canara Bank Annigeri in Dharwad, it can result in delayed or failed transactions.
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 Annigeri, 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 Dharwad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0000501.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is House No.554 A, Bazaar, Annigeri 582201, located in Dharwad, Annigeri, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.