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Canara Bank

HIDKAL DAM BRANCH

IFSC CODE
CNRB0010547
MICR Code 590015033
Branch Code 010547
City / District HIDAKAL
State KARNATAKA
Office Address PHROAD HIDKALDAM591 107 TALUKA HUKKERI DISTBELGAUM
Phone Not Available
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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 HIDKAL DAM branch of Canara Bank, the code CNRB0010547 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 CNRB0010547 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"CNRB" represents Canara Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for HIDKAL DAM

Payment Systems Supported by CNRB0010547

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—590015033—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 HIDAKAL typically follows the RBI holiday calendar. Digital transfers via CNRB0010547 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 CNRB0010547 is the valid code for HIDKAL DAM at HIDAKAL, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

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Financial Tools

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Branch Context

  • • HIDKAL DAM Contact
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Platform Links

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  • • IFSC Finder v2.0

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