What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Canara Bank Basavapatna Davangere Branch IFSC/MICR Code Details
Bank Name CANARA BANK
Address MAIN ROAD, BASAVAPATNA, DAVANAGERE DIST, KARNATAKA - 577 551
State KARNATAKA
District DAVANGERE
Branch BASAVAPATNA
IFSC Code CNRB0000578
Branch Code 000578 (Last six characters of IFSC code represent Branch code.)
MICR Code 577015712
Contact Phone 272429
via https://bankingzone.in/ifsc

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