There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Canara Bank for its Kadamath branch in Lakshadweep, Kadamat, Lakshadweep, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Canara Bank situated in Lakshadweep or anywhere in Lakshadweep can easily transfer funds instantly by using the correct IFSC Code CNRB0019957. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Kadamath, Lakshadweep
The table below shows the main details of the IFSC Code CNRB0019957 for the Canara Bank branch in Lakshadweep, which falls under the Kadamat district in Lakshadweep.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0019957 |
| Branch | Kadamath |
| City | Lakshadweep |
| District | Kadamat |
| State | Lakshadweep |
| Address | Door C 5 175 Kadamath Islandu T Of Lakshadweepvia Hpo Kochipin 682 556 |
These details help users in online banking and for businesses and individuals who use Canara Bank in Lakshadweep for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0019957 for the Kadamath 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 that is provided by the Reserve Bank of India. A unique IFSC like CNRB0019957 is given to every bank branch, including Canara Bank located in Kadamath, Lakshadweep, Lakshadweep, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Lakshadweep.
- 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 Lakshadweep and Kadamat.
- 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 Lakshadweep and the rest of India, which is why the IFSC Code ensures that transactions meant for Canara Bank in Kadamath doesn't end up at another location.
Format of the IFSC Code CNRB0019957
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 Kadamath in Lakshadweep.
For example, the IFSC Code CNRB0019957 of Canara Bank for the Kadamath branch includes these elements, identifying the bank and the branch location in Lakshadweep and Lakshadweep accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0019957 of Canara Bank for its Kadamath branch located in Lakshadweep, 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
Most banks, including Canara Bank branches in Lakshadweep and Kadamat, print the IFSC and MICR codes 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 Kadamath or Lakshadweep to get the exact IFSC Code CNRB0019957.
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 Lakshadweep, you'll get the correct details.
How to Use IFSC Code CNRB0019957 for Online Transfers?
Once you have the IFSC Code CNRB0019957 for the Kadamath branch of Canara Bank in Lakshadweep, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0019957. The transfer is completed in batches instead of instantly. It is useful for both 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 CNRB0019957.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Kadamath in Lakshadweep, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Canara Bank in Kadamath, here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Lakshadweep manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0019957.
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 Door C 5 175 Kadamath Islandu T Of Lakshadweepvia Hpo Kochipin 682 556 located in Lakshadweep, Kadamat, Lakshadweep.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.