State wise list of Canara Bank IFSC code, MICR code and addresses of all branches in India
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As one of the leading Indian banks, Canara Bank offers its customers the facility of making hassle free, convenient money transfers via CANSPEED, which employs NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement). Both these services, which have been introduced by the RBI, make the use of a unique 11 digit alphanumeric code, known as IFSC or Indian Financial System Code. This code, also issued by the RBI to all banks participating in the NEFT network, regulate monetary transactions taking place between different banks all over the country.
The IFSC is an 11 character alpha-numeric code which consists of three parts – first 4 characters identify the name of the bank, the fifth character is always zero (reserved for future use) and the last 6 characters identify the branch address. So, for example, the Canara Bank IFSC code for their Akola branch is ‘CNRB0005497’. To break it down, the first four characters ‘CNRB’ denote the name of the bank i.e. Canara Bank, followed by the fifth character which is zero. The last 6 characters ‘005497’ represent the address of that specific branch which is located in Akot, Akola in Maharashtra.
You can find the IFSC and MICR code for Canara Bank on the cheque leaves of cheque books issued by the bank. You can also search for the IFSC code of any branch of Canara Bank online on several third party websites. One of the easiest ways to find the IFSC code for any Canara Bank branch is to head over to the BankBazaar website. N the website’s main page, you will find a tab labelled ’Bank IFSC Code’. Clicking on that will redirect you to another page which will ask you to input the name of the bank, the state and district it is located in along with the branch that you are looking for. Having put in those details, the page will automatically display not only the IFSC and MICR codes of the bank but also its address and contact details.
To facilitate secure and hassle free transfer of funds, Canara Bank offers inter-bank facility of fund transfer via CANSPEED using NEFT and RTGS. Both these services make use of an IFSC code which must be provided by the sender and the receiver of the funds.
NEFT:
NEFT of National Electronic Fund Transfer is another mode of making electronic payments where the payment instructions between banks are exchanged at pre-specified times on a Deferred Net Settlement (DNS) basis. These transactions do not have a minimum or maximum limit and allows customers to transfer money on all days except national holidays and Sundays. In order to initiate an NEFT transaction, a customer must furnish the following details:
Following is the schedule of charges for all outward NEFT payments:
|
Amount |
Charge (per transaction) |
|
Up to Rs 10,000 |
Rs 2 |
|
Rs 10,001 – Rs 1 lakh |
Rs 5 |
|
Rs 1 lakh – Rs 2 lakh |
Rs 15 |
|
Above Rs 2 lakh |
Rs 25 |
RTGS:
RTGS or Real Time Gross Settlement is an electronic payment service which functions on the real time basis. Here all payment instructions are processed on a real time basis i.e. instructions are carried out as soon as they are received and one at a time. Hence, there is no delay or waiting period, making this process a much faster one. The minimum transaction limit for RTGS transactions is Rs 2 lakh. Customers can use this facility on all days except national holidays and Sundays. In order to initiate an NEFT transaction, a customer must furnish the following details:
Following is the schedule of charges for RTGS transactions:
|
Block |
Charge for transactions between Rs 2 lakh – Rs 5 lakh |
Charge for transactions above Rs 5 lakh. |
|
1 |
Rs 25 |
Rs 50 |
|
2 |
Rs 26 |
Rs 51 |
|
3 |
Rs 30 |
Rs 55 |
Established in the year 1906, Canara Bank is one of the oldest yet leading financial institutions of India. Having celebrated its 100 years of glorious existence, the bank has only grown by leaps and bounds over the years. With its focus on customer satisfaction, the bank currently operates via a network of over 5000 branches and over 7000 ATMs located across the country. The bank offers a well-appointed suite of financial products and services which include retail banking, asset management, investment banking, commercial banking, pensions, mortgages, credit cards, among others.
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Canara Bank has recently signed a MoU with eight Boundaries Builders for a housing project ‘Safa Valley’ The housing project is located at Bathindi, Jammu and aims to provide hassle-free home loans to the individuals. There are speculations that the bank will introduce changes to the interest rates with a waiver of processing fee. The housing project will be developed with all modern residential facilities and the loans are available through the Canara Bank branches throughout the country. The Safa Valley is currently being developed by eight developers and it will be listed under approved housing projects of Canara Bank.
21st December 2016
Canara Bank has recently seen a massive surge in its e-transactions via mobile banking, Mwallets, Empower (UPI), Point of Sale (PoS) machines, Debit/Credit Cards. After the demonetization of the Rs.500 and Rs.1,000 currency notes the bank saw a 39.7% increase in its Internet Banking transactions causing a rise in the value of transactions by 11.28%. The bank’s mobile banking facility saw an additional subscription of 1.8 lakh customers, bringing the total number of mobile banking users with the bank to 12.15 lakh, increasing the transaction value by 17.4%. PoS machines held by the bank have seen a massive increase in the past month, with the total value of transactions through PoS machines standing at Rs.0.68 crore on November 8th to Rs.6.64 crore on December 9th. In a move to increase cash-less transactions through the bank, Canara Bank has introduced prepaid cards for customers. The bank has organised more than 8,500 camps and assisted over 2,34,871 people in creating their own savings bank account.
11th December 2016
Canara Bank Officers Association has begun a promotional campaign for the bank’s mobile app, Empower. General Secretary of CBOA, GV Manimaran, said that volunteers of the association will visit the bank branches after office hours to give hands-on training to the customers. This 5-day camp, called the ‘Technology Empowerment Week’ would start off on a pilot basis in Coimbatore on 5th December. For the first phase of the camp, about 20 branches in the city have been identified. J Vanangamudi, the new Chairman of CBOA will lead the awareness camp by helping customers download the app and explaining the benefits to them.
4th December 2016
Canara Bank and Bajaj Allianz General Insurance have signed an agreement by which the bank will distribute and sell Bajaj Allianz products.
The companies have set themselves a business target of Rs.400 crore for the financial year 2017-2018.
Under this agreement, Bajaj Allianz products will be offered to customers across Canara Bank’s 5,920 branches spread across the country. Canara Bank has one of the most comprehensive branch networks in India, with all their branches equipped with IFSC codes, enabling customers to use NEFT and RTGS, which can be used to pay their insurance premiums as well.
Among the products being sold are car insurance, health insurance, home insurance, travel insurance and commercial insurance products such as marine insurance, fire insurance and engineering insurance.
26th November 2016
Canara Bank has introduced the Canara Vahini Van, which will serve as a mobile POS for the bank. The van was inaugurated on the 111th founder’s day of the bank. The Canara Vahini Van will dispense petty cash up to Rs.2,000. The bank has launched an additional 111 such POS machines across the country, each POS machine is expected to facilitate up to 1,000 withdrawals a day. This move has been made to ease the difficulties faced by members of the public during the recent cash crunch. Mobile ATMs/POS machines have been deployed in rural and semi urban areas as there is a major cash shortage in these regions.
19th November 2016
Canara Bank, when of the top nationalized banks, from Southern India, reportedly planned to raise up to Rs 2500 crores through issuing Basel-III compliant bonds. The Bank requires this capital to be able to maintain stability in the bank’s Capital to Risk (Weighted) Assets Ratio for the current financial year. This has boosted share prices for Canara bank stocks at the same time. Canara Bank is also known to be one of the oldest banks in India, established in 1906.
18th October 2016
It is a known fact that Q2 of the current financial year is already over, and the board at Canara Bank is set to discuss the quarter’s results soon. This meeting which will be presided by all the Board of Directors of the bank will be held on October 26, 2016. When this news was being written, Canara Bank’s shares were last trading at the BSE for Rs. 305.15, as compared to a previous close of Rs. 313.3.
Over the course of the day, a total of 3,44, 995 were traded over 4408 trades. The stock hit a high of Rs. 316.95 and a low of Rs. 302.55 for the day. At the end of the day, the bank’s net turnover stood at Rs. Rs. 10,70,18,320.
17th October 2016
Canara Bank has been appointed by the Ministry of Human resources development to set up a finance agency known as Higher Education Finance Agency. The main aim of the agency is to give a major push for creating infrastructure in central universities and other premier educational institutes such as IITs and NITs. Canara Bank said that it has already necessitated the required steps to create the HEFA and is pending required approval from the Government of India. The HEFA would be responsible for raising up to Rs 20,000 Crore in funding for setting up the required infrastructure.
5th October 2016
Canara Bank has received recognition at the Dun and Bradstreet Banking Awards 2016 venue. The awards that the bank won are under the categories, Best Bank Under Priority Sector Lending and Best Retail Growth Performer Against PSBs.
Harideesh Kumar B, Executive Director of Canara Bank received the award from Vinod Rai, Chairman of the Banks Board Bureau. The award was conferred in the presence of the Union Minister of State for Finance and Corporate Affairs, Arjun Ram Meghwal, in Mumbai.
7h September 2016
The shares of Canara Bank Limited (NSE: CANBK) is an enormous powerhouse in these days! The stock shot up 6.93 percent or INR 12.6 on 5th Feb 2016, touching INR 194.3. Canara Bank Limited has dropped 36.80 percent since 9th July 2015 and is steadily down trending. Its performance was not up to mark, underperforming by 29 percent the S&P500. The step came post nine months positive chart arrangement for the INR 103.02B firm. It was described on 5th Feb by Barchart.com. They boast of INR 289.51 PT which if hit, will make NSE: CANBK worth over INR 50.48B more. Canara Bank has a market cap of INR 103.02 billion. The Bank delivers every digital banking services and products imaginable ranging from individual banking, corporate banking, NRI banking, net banking, and SME banking services and has a secured electronic fund transaction (using relevant IFSC Code) facilities too.
7th March 2016
