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 Specialised Sme Branch Mum Goregaon branch in Greater Bombay, Mumbai, or Maharashtra, 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 Greater Bombay or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code CNRB0005794. 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, Specialised Sme Branch Mum Goregaon, Greater Bombay
Here are the key points that are associated with the IFSC Code CNRB0005794 of Canara Bank for its branch located in Greater Bombay, within the district of Mumbai in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0005794 |
| Branch | Specialised Sme Branch Mum Goregaon |
| City | Greater Bombay |
| District | Mumbai |
| State | Maharashtra |
| Address | Canara Bank 1St Floor Takshshila Samantwadi Nxt To Railway St Goregaon East Mumbai Maharashtra 400063 |
These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Greater Bombay for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0005794 for the Specialised Sme Branch Mum Goregaon 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 Specialised Sme Branch Mum Goregaon, Greater Bombay, Maharashtra, are given a unique IFSC like CNRB0005794 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Greater Bombay.
- 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 Greater Bombay and Mumbai.
- 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 Specialised Sme Branch Mum Goregaon goes to the correct branch. This is important because Canara Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code CNRB0005794
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 Specialised Sme Branch Mum Goregaon in Greater Bombay.
For example, the IFSC Code CNRB0005794 of Canara Bank for the Specialised Sme Branch Mum Goregaon branch includes these elements, identifying the bank and the branch location in Greater Bombay and Maharashtra accurately.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0005794 of Canara Bank for its Specialised Sme Branch Mum Goregaon branch located in Greater Bombay, 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 Greater Bombay and Mumbai, 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 Specialised Sme Branch Mum Goregaon or Greater Bombay to find the exact IFSC Code CNRB0005794.
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 Greater Bombay will provide accurate information.
How to Use IFSC Code CNRB0005794 for Online Transfers?
If you have the IFSC Code CNRB0005794 for the Specialised Sme Branch Mum Goregaon branch of Canara Bank in Greater Bombay, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0005794. Transfers are processed in batches. 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. Asks for the recipient's account details and Canara Bank IFSC Code CNRB0005794.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Canara Bank Specialised Sme Branch Mum Goregaon in Greater Bombay, it may 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 Specialised Sme Branch Mum Goregaon, 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 Greater Bombay manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0005794.
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 Canara Bank 1St Floor Takshshila Samantwadi Nxt To Railway St Goregaon East Mumbai Maharashtra 400063 located in Greater Bombay, Mumbai, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.