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Canara Bank IFSC Code

Canara Bank and its branches that are spread nationwide can be identified by an IFSC Number. The IFS Code Number of a beneficiary branch is mentioned for ensuring that electronic transactions are transferred to the expected beneficiary branch.

The Indian Financial System Code

The Indian Financial System Code (IFSC or IFSC Number) is a figure unique to each bank and its respective branches. It is an eleven digit alphanumeric code with which electronic funds transfer in India are possible.

Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) are the main payment and settlement systems which identify a bank and its branch with an IFSC Number. By the order of the Reserve Bank of India, the IFSC Codes are printed on the cheques that are issued by the banks.

Canara Bank’s IFSC code can be located on its website by entering the branch location.

Canara Bank & its Branches

Canara Bank, its Branches and their IFSCNumbers are available on the Reserve Bank of India website.The IFSC number of a bank is unique to its branches. It involves the identity of the bank and its specific branch.

The code designates the uniqueness of the bank and then its branch, as per the guidelines of RBI. This code only helps in domestic funds transfer; international transactions require different systems for identification.

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