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 Savner branch in Nagpur, Savner, 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 Nagpur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code CNRB0007612. 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, Savner, Nagpur

Here are the main details that are associated with the IFSC Code CNRB0007612 of Canara Bank for its branch located in Nagpur, within the district of Savner in the state of Maharashtra.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0007612
Branch Savner
City Nagpur
District Savner
State Maharashtra
Address Plot No 507,Ward No 03,Savner Main Road,Nagpur Dist,Maharashtra 441107

These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Nagpur for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0007612 for the Savner branch of Canara Bank is vital.

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 Savner, Nagpur, Maharashtra, are allotted a unique IFSC like CNRB0007612 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Nagpur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Nagpur and Savner.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Canara Bank in Savner reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code CNRB0007612

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 Savner in Nagpur.

For example, the IFSC Code CNRB0007612 of Canara Bank for the Savner branch includes these elements, identifying the bank and the branch location in Nagpur and Maharashtra accurately.

How to Find IFSC Code for Canara Bank?

If you are trying to find the IFSC Code CNRB0007612 of Canara Bank for its Savner branch located in Nagpur, 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 Nagpur and Savner, 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 Savner or Nagpur to get the exact IFSC Code CNRB0007612.

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 Nagpur that will provide accurate information.

How to Use IFSC Code CNRB0007612 for Online Transfers?

If you have the IFSC Code CNRB0007612 for the Savner branch of Canara Bank in Nagpur, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0007612. 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 CNRB0007612.

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 Savner in Nagpur, 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 Savner, 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 Nagpur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank in Savner, Nagpur?

The IFSC Code is CNRB0007612.

Is the IFSC Code CNRB0007612 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Canara Bank Savner?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Savner branch?

The address of the branch is Plot No 507,Ward No 03,Savner Main Road,Nagpur Dist,Maharashtra 441107 located in Nagpur, Savner, Maharashtra.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.