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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Canara Bank for its Lakmapur branch in Dharwad, Dharwad, or Karnataka, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Canara Bank located in Dharwad or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code CNRB0011258. 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, Lakmapur, Dharwad
Here are some of the key details that come with the IFSC Code CNRB0011258 of Canara Bank for its branch located in Dharwad, within the district of Dharwad in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0011258 |
| Branch | Lakmapur |
| City | Dharwad |
| District | Dharwad |
| State | Karnataka |
| Address | Grampanchayat Building Yadwad Village Tal And Dist Dharwad Dharwad Karnataka 581206 |
These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Dharwad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0011258 for the Lakmapur branch of Canara Bank is vital.
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 Lakmapur, Dharwad, Karnataka, are allotted a unique IFSC like CNRB0011258 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Dharwad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Dharwad and Dharwad.
- 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 Lakmapur reaches the right place, even though there are thousands of branches in Karnataka and across India.
Format of the IFSC Code CNRB0011258
The format of the IFSC Code for banks, including Canara Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Canara Bank, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Lakmapur in Dharwad.
For example, the IFSC Code CNRB0011258 of Canara Bank for the Lakmapur branch includes these elements, identifying the bank and the branch location in Dharwad and Karnataka accurately.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0011258 of Canara Bank for its Lakmapur branch located in Dharwad, the following methods can help you out:
Cheque Book
The cheque book issued by Canara Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Canara Bank branches in Dharwad and Dharwad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Canara Bank and go to the branch locator section. Then search for Lakmapur or Dharwad to find the exact IFSC Code CNRB0011258.
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 maintains an updated database of all IFSC codes. Searching for Canara Bank and Dharwad will provide accurate information.
How to Use IFSC Code CNRB0011258 for Online Transfers?
Once you have the IFSC Code CNRB0011258 for the Lakmapur 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 CNRB0011258. 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 CNRB0011258.
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 Lakmapur in Dharwad, it can result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Canara Bank in Lakmapur, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Canara Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Dharwad manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0011258.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Grampanchayat Building Yadwad Village Tal And Dist Dharwad Dharwad Karnataka 581206 located in Dharwad, Dharwad, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.