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 Agathy branch in Lakshdweep, Agathy, Lakshadweep, 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 Lakshdweep or anywhere in Lakshadweep can transfer funds instantly by using the correct IFSC Code CNRB0019954. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Agathy, Lakshdweep
Here are the key points that are associated with the IFSC Code CNRB0019954 of Canara Bank for its branch located in Lakshdweep, within the district of Agathy in the state of Lakshadweep.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0019954 |
| Branch | Agathy |
| City | Lakshdweep |
| District | Agathy |
| State | Lakshadweep |
| Address | Agath Island Via Hpo Kochi Dist Lakshwadeep Lakshadeep 682553 |
These details helps users in online banking and for businesses and individuals who use Canara Bank in Lakshdweep for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0019954 for the Agathy branch of Canara Bank plays a vital 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 CNRB0019954 is given to every bank branch, including Canara Bank located in Agathy, Lakshdweep, 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 Lakshdweep.
- 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 Lakshdweep and Agathy.
- 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 Agathy doesn't end up at another location.
Format of the IFSC Code CNRB0019954
The format of the IFSC Code for banks, including Canara Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Canara Bank, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Agathy in Lakshdweep.
For example, the IFSC Code CNRB0019954 of Canara Bank for the Agathy branch has these elements, identifying the bank and the branch location in Lakshdweep and Lakshadweep correctly.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0019954 of Canara Bank for its Agathy branch located in Lakshdweep, 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 Lakshdweep and Agathy, 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 Agathy or Lakshdweep to get the exact IFSC Code CNRB0019954.
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 Lakshdweep that will provide accurate information.
How to Use IFSC Code CNRB0019954 for Online Transfers?
Once you have the IFSC Code CNRB0019954 for the Agathy branch of Canara Bank in Lakshdweep, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0019954. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 CNRB0019954.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Agathy in Lakshdweep, your payment can get delayed or might not go through at all.
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 Agathy, 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 Lakshdweep to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0019954.
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 Agath Island Via Hpo Kochi Dist Lakshwadeep Lakshadeep 682553 located in Lakshdweep, Agathy, Lakshadweep.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.