IFSC code for Canara Bank, Udupi chitpady, Udipi, Karnataka
Updated on: Sunday, December 1, 2024
IFSC CODE
CNRB0010942
Canara Bank
Udupi Chitpady, Chitrapadi, Karnataka
Address
Ground Floor Pentastar Building Hanuman Garage Road Chitpady Udupi Chitpady Karnataka India576101
Canara Bank
Udupi Chitpady, Chitrapadi, Karnataka
Address
Ground Floor Pentastar Building Hanuman Garage Road Chitpady Udupi Chitpady Karnataka India576101
Bank Details
IFSC Code
CNRB0010942
MICR Code
576015086
Bank Code
(Based on IFSC)
CNRB
Bank Code
(Based on MICR)
015
Contact
NA
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IFSC Code of Canara Bank
Every Canara Bank branch in India has a unique Canara Bank IFSC Code. Canara Bank IFSC Code enables Canara Bank account holders to send and receive money electronically. Canara Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.
Format of Canara Bank IFSC Code CNRB0010942
The IFSC code of all accounts in the same branch of the bank is standard. It is an 11 digit alphanumeric code.
The first four letters of the code, i.e., CNRB, denotes the name of the bank which is Canara Bank.
The fifth character is 0.
The last six digits of the code, i.e., 010942, represents the branch which is Canara Bank
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MICR Code of Canara Bank
Every Canara Bank branch in India has a unique Canara Bank MICR Code. MICR code for Canara Bank can be found on a cheque leaf and bank passbook. It is a 9 digit code printed on the last line of a cheque leaf. One can also find MICR code on the website of Canara Bank. MICR code is used for faster and secure processing of cheques.
Benefits of MICR Code
High Level of Security: The use of magnetic ink ensures MICR characters are readable even if a document is obscured by marks.
Authentication of Docs: MICR code authenticates the originality and legality of paper based docs. in the banking system.
Faster Processing: There is no manual input and hence the processing of MICR information is fast and errors are reduced.
