The Canara Bank SWIFT codes consist of 8-11-character alphanumeric codes used for international wire transfers and message exchange between financial institutions worldwide. This code makes sure that the funds are being sent to the correct branch. It works as a safety measure taken during the transfer of funds as it uses a high level encryption and decryption techniques.
In this blog, you can learn a lot more about the SWIFT codes of the Canara Bank and how you can use them to make precise international transfers. We have also explained all the characters in the SWIFT code format of Canara Bank.
Key Takeaways
- The SWIFT code of the Canara Bank consists of 8-11 characters, and it is used for secure international transfers.
- The general SWIFT code of the Canara Bank is 'CNRBINBBXXX', representing the country code, bank code, branch code, and location code.
- You should make sure to verify the correct SWIFT code with the bank or the recipient directly before doing the transaction.
- You can find the SWIFT code in the bank statement of your account or on the official banking website of Canara Bank.
- Avoid using the wrong SWIFT code, as it can cause delay or even rejection in your transaction. Your funds can also be misrouted to the wrong account.
What's the SWIFT Code for Canara Bank?
The full form of SWIFT code is Society for Worldwide Interbank Financial Telecommunication. Its standard format is CNRBINXXXXX. It is also known as the BIC (Bank Identifier Code) number, and it is used as an international ID provided to Canara Bank and its branches to identify them. It is an important code that is used during international wire transfers and SEPA payments. This acts as a medium for Canara and other banks to exchange messages worldwide.
Importance of Canara Bank SWIFT Code
Here are the reasons why the SWIFT Code of Canara Bank is important:
- Canara Bank SWIFT code network has a high-level of data encryption and decryption techniques. It ensures the authenticity of all international transactions between a sender and a receiver.
- Apart from having a high level of security, the Swift code allows the bank customers to send money to a foreign country smoothly.
- The network of SWIFT codes promotes globalisation in different economies by connecting all the international shareholders.
- It also follows the international regulations related to the complexities of cross-border transactions.
- It makes sure that your fund transfers are conducted efficiently and reach the intended beneficiary at the lowest cost.
Understand the SWIFT Code Format
There is a standard format for the SWIFT codes that represents the banks worldwide. Here is the breakdown of the SWIFT code format:
- Bank Code: It contains 4 letters that represent the bank; it is the short form of the bank's name.
- Country Code: It contains 2 letters that represent the country (ISO standard code).
- Location Code: It contains 2 letters or digits that identify the bank's city or its location.
- Branch Code: It contains 3 letters or digits (optional) that identify the specific branch of the bank. XXX denotes the primary office of the bank.
Benefits of SWIFT Code for Canara Bank in India
- Security: SWIFT Code makes sure that the funds are sent to the correct bank and branch while reducing the transfer risks and errors.
- Standardisation: It provides a common format to streamline and simplify global payments.
- Speed: It provides a reliable and quicker processing for international transfers across the global banking networks.
- Global Recognition: They are recognised by the banks and financial institutions all around the world for verified transfers.
Canara Bank SWIFT Code List
| City | Branch | SWIFT Code |
|---|---|---|
| Agra | Agra Overseas Branch | CNRBINBBAOB |
| Ahemdabad | Ahemdabad Bhadra Main Branch | CNRBINBBADB |
| Ajmer | Kishangarh SME Branch | CNRBINBBKSG |
| Aligarh | Aligarh SSI Branch | CNRBINBBALG |
| Alleppey | Alleppey Boat Jetty Road Branch | CNRBINBBBJR |
| Ambala | Ambala Cantonment Main | CNRBINBBABC |
| Amritsar | Amritsar D.S. Market Main Branch | CNRBINBBDSA |
| Bangalore | Prime Corporate | CNRBINBBCBB |
| Bhopal | MP Nagar | CNRBINBBBMP |
| Bhubaneshwar | MID Corporate Branch | CNRBINBBBHU |
| Chandigarh | Sector 17C Main Branch | CNRBINBB17C |
| Chennai | Prime Corporate | CNRBINBBCBC |
| Coimbatore | MID Corporate Branch | CNRBINBBOXC |
| Delhi | Gole Market | CNRBINBBDGO |
| Faridabad | Nehru Ground Main Branch | CNRBINBBFAR |
| Ghaziabad | SME Branch | CNRBINBBGHA |
| Gurgaon | Gurgaon Old Railway Road Main Branch | CNRBINBBGRR |
| Haryana | MCB Faridabad | CNRBINBBMCF |
| Hyderabad | Foreign Department | CNRBINBBHFD |
| Indore | Siyaganj RNT Marg | CNRBINBBISG |
| Jaipur | Jaipur Overseas Branch | CNRBINBBJOB |
| Jodhpur | Jalori Gate Main Branch | CNRBINBBJOD |
| Kanpur | Foreign Department | CNRBINBBKFD |
| Kochi | Foreign Department | CNRBINBBNFC |
| Kolkata | Prime Corporate Branch | CNRBINBBCBK |
| Mumbai | Abdul Rehman Street | CNRBINBBBDA |
| New Delhi | Prime Corporate Branch-1 | CNRBINBBCBD |
| Patna | Exhibition Road | CNRBINBBPER |
| Surat | Overseas Branch | CNRBINBBSOB |
| Thiruvananthapuram | Cantonment Branch | CNRBINBBTDC |
| Visakhapatnam | Overseas Branch | CNRBINBBVOB |
Final Thoughts
The SWIFT code of Canara Bank consists of 8-11 characters, and it is used to make international wire transfers securely. The standard code of the Canara Bank is in this format: "CNRBINBBXXX". This code represents the bank code, branch code, country code, and location code. All the branches of Canara Bank have their unique SWIFT codes, and you need to verify the correct code before making the transactions.
Frequently Asked Questions
Yes, the SWIFT codes for the Canara Bank change from branch to branch because these codes represent the specific locations. Using a correct SWIFT code is important for international transfers.
You can find the SWIFT code of your bank by checking the bank statement, looking in the "Account details" or "International Transactions" section on your mobile banking app, or you can directly call your bank and ask them.
No, the SWIFT and BIC code is not the same for all branches of a bank. In some banks, an 8-character code is used for all the locations, and others have a unique 11-character code for some specific branches to ensure accurate routing.
You can transfer money using a SWIFT code by providing the recipient's full name, account number, address, and their bank's SWIFT/BIC code. You can make the transfer via online banking or a branch.
The SWIFT codes and BIC are usually the same thing, and they are mostly used in each other's places to identify the financial institutions for international wire transfers.
If you use the wrong SWIFT code, there is a chance that your international transfer can get rejected, resulting in delayed funds and possibilities of currency exchange losses. Usually, the money is returned to the sender's bank account, but sometimes it can also go to the wrong bank.
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