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 Lingsugur Ii branch in Raichur, Raichur, or Karnataka, 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 Raichur or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code CNRB0010627. 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, Lingsugur Ii, Raichur
The table below shows the main details of the IFSC Code CNRB0010627 for the Canara Bank branch in Raichur, which falls under the Raichur district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0010627 |
| Branch | Lingsugur Ii |
| City | Raichur |
| District | Raichur |
| State | Karnataka |
| Address | Saranabasavappa Complex Near Bus Stand Lingasugur Tq Raichur Dist 584122 |
These details helps users in online banking and for businesses and individuals who use Canara Bank in Raichur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0010627 for the Lingsugur Ii branch of Canara Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Canara Bank located in Lingsugur Ii, Raichur, Karnataka, is provided a unique IFSC like CNRB0010627 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Canara Bank branch in Raichur.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Raichur and Raichur.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Karnataka and the rest of India, the IFSC Code ensures that transactions meant for Canara Bank in Lingsugur Ii do not get misguided to another person.
Format of the IFSC Code CNRB0010627
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 Lingsugur Ii in Raichur.
For example, the IFSC Code CNRB0010627 of Canara Bank for the Lingsugur Ii branch includes these elements, identifying the bank and the branch location in Raichur and Karnataka accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0010627 of Canara Bank for its Lingsugur Ii branch located in Raichur, 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 Raichur and Raichur, 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 Lingsugur Ii or Raichur to get the exact IFSC Code CNRB0010627.
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 Raichur that will provide accurate information.
How to Use IFSC Code CNRB0010627 for Online Transfers?
Once you have the IFSC Code CNRB0010627 for the Lingsugur Ii branch of Canara Bank in Raichur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0010627. 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 CNRB0010627.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Lingsugur Ii in Raichur, 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 Lingsugur Ii, 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 Raichur to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0010627.
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 Saranabasavappa Complex Near Bus Stand Lingasugur Tq Raichur Dist 584122 located in Raichur, Raichur, Karnataka.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
