The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.
The Canara Bank IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'CNRB', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.
If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Canara Bank branch. If you are looking for online IFSC Code of Canara Bank you can find here in Goodreturns.
From small beginnings in the early 1900s, Ammembal Subba Rao Pai, founded Canara Bank in 1906. In its 110 years span, Canara Bank has grown manifold and is among the top government owned banks in the country.
Today, it has branches that span the entire country and criss-cross, all the states in the country.
In the last many years, the bank has conquered many milestones. In 1992-93 the bank became the first Bank to articulate and adopt the directive principles of “Good Banking”.
It was also the first bank to open a 'Mahila Banking Branch' in Bangalore, for catering exclusively to the financial requirements of women clientele.
By 2004-2005, 100 per cent computerization was achieved by Canara Bank. By the end of 2011-12, the total number of branches reached 3600, which was a misletone for the bank.
In 2012-13 Canara Bank paid the highest dividend of 130 per cent, which was another feet for the bank.
In 2014-15, the bank crossed Rs 8 lakh crore in total business and is looking forward to doing even more in the years to come.
Since the bank has grown rapidly in the last few years, there are many branches of the bank. We have provided you with the IFSC codes for Canara Bank branches, so you can send and receive money through NEFT and RTGS.
Do check goodreturns.in for all the codes of Canara Bank.