In today’s era of information and communication technology, Indian banks have embraced integrated systems that enable the account holders to access their accounts from all over the globe with a click of a mouse button. The Indian banks have realised the potential of Internet banking and are exploring all the possibilities of making monetary transactions as accessible and convenient to their customers.
IFSC Code:
The IFSC code, which stands for Indian Financial System Code, is very important for all the money transaction which takes place between two banks across the country. The idea of IFSC code was conceived by the Reserve Bank of India. The code performs the task of describing individual bank branches across the nation. The banks use the IFSC code for any money transaction made through Real Time Gross Settlement (RTGS) or National Electronic fund Transfer (NEFT).
Branch Code:
Each bank has a unique IFSC code and it has an eleven digit code with the first four characters being an alphabetical character which represents the bank, while the fifth digit is always kept zero for the future and the remaining characters are the identification numbers of the particular branch, which are too known as Branch Code. The digit is based on each state, city and the branch of the bank. The Indian banks upload the list of their offsets on their sites. However, sometimes, searching this information on the Internet becomes very frustrating and slows the transaction. To find out the IFSC code of any particular bank branch. On this site, you will find all the information of all the banks and branches in the country. The database includes the newly-opened branch, their address, locations (state, district, city) and contact numbers of the branch.
Canara Bank IFSC Code:
Canara Bank has kept its word of serving its customer with the luxury of other technological products. Keeping in pace with the technological developments, the bank offers the latest when it comes to making banking convenient and hassle free for the customer.
IFSC Code:
The IFSC code, which stands for Indian Financial System Code, is very important for all the money transaction which takes place between two banks across the country. The idea of IFSC code was conceived by the Reserve Bank of India. The code performs the task of describing individual bank branches across the nation. The banks use the IFSC code for any money transaction made through Real Time Gross Settlement (RTGS) or National Electronic fund Transfer (NEFT).
Branch Code:
Each bank has a unique IFSC code and it has an eleven digit code with the first four characters being an alphabetical character which represents the bank, while the fifth digit is always kept zero for the future and the remaining characters are the identification numbers of the particular branch, which are too known as Branch Code. The digit is based on each state, city and the branch of the bank. The Indian banks upload the list of their offsets on their sites. However, sometimes, searching this information on the Internet becomes very frustrating and slows the transaction. To find out the IFSC code of any particular bank branch. On this site, you will find all the information of all the banks and branches in the country. The database includes the newly-opened branch, their address, locations (state, district, city) and contact numbers of the branch.
Canara Bank IFSC Code:
- The Canara Bank IFSC code is used in both National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) finance transfer systems.
- The codes of Canara bank NEFT, RTGS and Immediate Payment Service (IMPS) are granted by The Reserve Bank of India.
- Canara Bank IFSC codes start with CNRB.
- The transaction done through NEFT are settled in batches and the RTGS transaction are determined on an individual base.
- IMPS is a mobile tool wherein the funds can be transferred 24x7.
- The fund transfer system can be used for different purposes like insurance premium payment, bill payments and online purchases or fund transfer and etc.
Canara Bank has kept its word of serving its customer with the luxury of other technological products. Keeping in pace with the technological developments, the bank offers the latest when it comes to making banking convenient and hassle free for the customer.