Canara Bank
GOA CANDOLIM EC BRANCH
+918322489031
Understanding IFSC Code: The Digital DNA of Canara Bank
When performing any digital transaction in India, the Indian Financial System Code
(IFSC) acts as a critical identifier. For the GOA CANDOLIM EC
branch of Canara Bank, the code CNRB0008512 ensures
that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual
errors. In an era of instant payments, having the correct IFSC is as important as the account number
itself.
Anatomy of the CNRB0008512 Code
An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:
Bank Identity
"CNRB" represents Canara Bank
Control Character
Always '0' (Reserved for future use)
Branch Locator
Unique code for GOA CANDOLIM EC
Payment Systems Supported by CNRB0008512
| System | Transfer Limit | Processing Time |
|---|---|---|
| NEFT | No Minimum (Up to ₹50 Lakhs+) | Half-hourly batches (24x7) |
| RTGS | Minimum ₹2 Lakhs | Real-time settlement |
| IMPS | Up to ₹5 Lakhs | Instant (Mobile/P2P) |
Why do you need the MICR Code?
While IFSC is for digital transfers, the Magnetic Ink Character Recognition
(MICR) code—403015027—is primarily
used for the processing and clearance of physical cheques. This 9-digit code helps in
identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing
faster and error-free.
Bank Holidays & Availability
The Canara Bank in CANDOLIM typically follows the RBI holiday calendar. Digital transfers via CNRB0008512 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.
Security Warning & Verification
Always verify the branch details before making a large payment. While CNRB0008512 is the valid code for GOA CANDOLIM EC at CANDOLIM, ensure the beneficiary name matches perfectly in your mobile banking app.
Bank Search Indexing & Metadata
Related Searches
- • Canara Bank Branch List
- • CANDOLIM IFSC Codes
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Financial Tools
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Branch Context
- • GOA CANDOLIM EC Contact
- • Address of Canara Bank
- • MICR Code Finder
- • GOA Banking Circle
Platform Links
- • Anand Design DevBox
- • SEO Performance Hub
- • Webmaster Tools
- • IFSC Finder v2.0
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