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 Gungralchatra branch in Mysore, Mysore, Karnataka, 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 Mysore or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code CNRB0004040. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Gungralchatra, Mysore
The table below shows the main details of the IFSC Code CNRB0004040 for the Canara Bank branch in Mysore, which falls under the Mysore district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0004040 |
| Branch | Gungralchatra |
| City | Mysore |
| District | Mysore |
| State | Karnataka |
| Address | Canara Bank Yelwal Hobli Mysore Tq And Dt Gungral Chatra Karnataka 571130 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Mysore for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0004040 for the Gungralchatra branch of Canara Bank has 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 CNRB0004040 is given to every bank branch, including Canara Bank located in Gungralchatra, Mysore, Karnataka, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Mysore.
- 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 Mysore and Mysore.
- 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 Karnataka and the rest of India, which is why the IFSC Code ensures that transactions meant for Canara Bank in Gungralchatra doesn't end up at another location.
Format of the IFSC Code CNRB0004040
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): 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 Gungralchatra in Mysore.
For example, the IFSC Code CNRB0004040 of Canara Bank for the Gungralchatra branch includes these elements, identifying the bank and the branch location in Mysore and Karnataka accurately.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0004040 of Canara Bank for its Gungralchatra branch located in Mysore, 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 Mysore and Mysore, 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 Gungralchatra or Mysore to find the exact IFSC Code CNRB0004040.
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 Mysore will provide accurate information.
How to Use IFSC Code CNRB0004040 for Online Transfers?
Once you have the IFSC Code CNRB0004040 for the Gungralchatra branch of Canara Bank in Mysore, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0004040. 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 CNRB0004040.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Gungralchatra in Mysore, 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 Gungralchatra, 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 Mysore to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code of the Gungralchatra Mysore branch is CNRB0004040.
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 Canara Bank Yelwal Hobli Mysore Tq And Dt Gungral Chatra Karnataka 571130.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.