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 Hyderabad Vasavi Engg College branch in Hyderabad, Hyderabad, Telangana, 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 Hyderabad or anywhere in Telangana can transfer funds instantly by using the correct IFSC Code CNRB0013059. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Hyderabad Vasavi Engg College, Hyderabad
The table below shows the main details of the IFSC Code CNRB0013059 for the Canara Bank branch in Hyderabad, which falls under the Hyderabad district in Telangana.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0013059 |
| Branch | Hyderabad Vasavi Engg College |
| City | Hyderabad |
| District | Hyderabad |
| State | Telangana |
| Address | Vasavi College Of Engineering 9 5 81 Ibrahimbagh Hyderabad Rangareddy 500 031 |
These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Hyderabad for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0013059 for the Hyderabad Vasavi Engg College 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 that is provided by the Reserve Bank of India. A unique IFSC like CNRB0013059 is given to every bank branch, including Canara Bank located in Hyderabad Vasavi Engg College, Hyderabad, Telangana, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Hyderabad.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Hyderabad and Hyderabad.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Telangana and the rest of India, which is why the IFSC Code ensures that transactions meant for Canara Bank in Hyderabad Vasavi Engg College doesn't end up at another location.
Format of the IFSC Code CNRB0013059
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 Hyderabad Vasavi Engg College in Hyderabad.
For example, the IFSC Code CNRB0013059 of Canara Bank for the Hyderabad Vasavi Engg College branch includes these elements, identifying the bank and the branch location in Hyderabad and Telangana accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0013059 of Canara Bank for its Hyderabad Vasavi Engg College branch located in Hyderabad, the following methods can help:
Cheque Book
The cheque books that are issued by Canara Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Canara Bank branches in Hyderabad and Hyderabad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Canara Bank and find the branch locator section. Search for Hyderabad Vasavi Engg College or Hyderabad to get the exact IFSC Code CNRB0013059.
Mobile Banking App
If you use Canara Bank's mobile app, you can easily 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 to help you in searching for Canara Bank and Hyderabad that will provide accurate information.
How to Use IFSC Code CNRB0013059 for Online Transfers?
Once you have the IFSC Code CNRB0013059 for the Hyderabad Vasavi Engg College branch of Canara Bank in Hyderabad, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0013059. 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 CNRB0013059.
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 Hyderabad Vasavi Engg College in Hyderabad, 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 Hyderabad Vasavi Engg College, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Hyderabad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0013059.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Vasavi College Of Engineering 9 5 81 Ibrahimbagh Hyderabad Rangareddy 500 031 located in Hyderabad, Hyderabad, Telangana.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.