For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Canara Bank for its Traffic Island Main, Hubli branch in Dharwad, Hubli-Dharwad, Karnataka, this comprehensive guide will provide you with detailed information.
The banking system in India has changed significantly 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 CNRB0000595. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Traffic Island Main, Hubli, Dharwad
Here are the main details that are associated with the IFSC Code CNRB0000595 of Canara Bank for its branch located in Dharwad, within the district of Hubli-Dharwad in the state of Karnataka.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0000595 |
| Branch | Traffic Island Main, Hubli |
| City | Dharwad |
| District | Hubli-Dharwad |
| State | Karnataka |
| Address | First Floor,Mahavir Complex, Trafficisland, Hubli - 580029 |
These details help users in online banking and for businesses and individuals who use Canara Bank in Dharwad for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0000595 for the Traffic Island Main, Hubli branch of Canara Bank has a very 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 Traffic Island Main, Hubli, Dharwad, Karnataka, are given a unique IFSC like CNRB0000595 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 any kind of confusion between different branches of the same bank in places like Dharwad and Hubli-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 helps ensure that any money sent to Canara Bank in Traffic Island Main, Hubli goes to the correct branch. This is important because Canara Bank has thousands of branches in Karnataka and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code CNRB0000595
The format of the IFSC Code for banks, including Canara Bank, has 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 Traffic Island Main, Hubli in Dharwad.
For example, the IFSC Code CNRB0000595 of Canara Bank for the Traffic Island Main, Hubli branch includes these elements, identifying the bank and the branch location in Dharwad and Karnataka correctly.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0000595 of Canara Bank for its Traffic Island Main, Hubli 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 Hubli-Dharwad, 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 Traffic Island Main, Hubli or Dharwad to get the exact IFSC Code CNRB0000595.
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 CNRB0000595 for Online Transfers?
Once you have the IFSC Code CNRB0000595 for the Traffic Island Main, Hubli branch of Canara Bank in Dharwad, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0000595. Transfers are processed in batches. This is suitable for 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 CNRB0000595.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Canara Bank Traffic Island Main, Hubli in Dharwad may 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 Traffic Island Main, Hubli, 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 of the Traffic Island Main, Hubli Dharwad branch is CNRB0000595.
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 First Floor,Mahavir Complex, Trafficisland, Hubli - 580029.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.