IFSC Code of Canara Bank, Vijayanagar Fifty Four Scheme Branch, Madhya Pradesh

Use this page as a one-stop reference for everything related to Canara Bank's VIJAYANAGAR FIFTY FOUR SCHEME branch in INDORE, MADHYA PRADESH. The branch's IFSC code CNRB0002622 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.

In our case, CNRB0002622 is the IFSC of Canara Bank's VIJAYANAGAR FIFTY FOUR SCHEME branch. The format is fixed: CNRB = bank code, 0 = reserved, 002622 = branch identifier.

About the bank

Canara Bank serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Vijayanagar Fifty Four Scheme branch in Indore, Madhya Pradesh is part of this network and uses the IFSC code CNRB0002622 for all electronic settlement.

About the Vijayanagar Fifty Four Scheme branch

The Vijayanagar Fifty Four Scheme branch of Canara Bank is situated at 7/8, RAJAT JAYANTI COMPLEX, SCHEME 54, VIJAYANAGAR, INDORE, M.P.. Customers visiting this branch can complete cash deposits, withdrawals, demand draft requests, cheque clearing, passbook updates and KYC formalities. For online transactions to or from this branch, the IFSC code CNRB0002622 is used.

Branch details at a glance

Why every Canara Bank branch has a unique IFSC

Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including VIJAYANAGAR FIFTY FOUR SCHEME of Canara Bank — its own 11-character IFSC. The code CNRB0002622 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.

Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC CNRB0002622 the same way you would treat your account number — verify it once and save it carefully for future use.

MICR & cheque-truncation details

Cheques drawn on the Vijayanagar Fifty Four Scheme branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC CNRB0002622 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.

How to transfer money using IFSC CNRB0002622

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC CNRB0002622 across all three.

NEFT to Canara Bank, VIJAYANAGAR FIFTY FOUR SCHEME using IFSC CNRB0002622

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC CNRB0002622, and confirm that the system picks up Canara Bank – VIJAYANAGAR FIFTY FOUR SCHEME. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

Real-Time Gross Settlement to VIJAYANAGAR FIFTY FOUR SCHEME

If you need to transfer ₹2 lakh or more in one go to an account at Canara Bank's VIJAYANAGAR FIFTY FOUR SCHEME branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC CNRB0002622 while initiating the transfer and the credit will appear within minutes.

Send money instantly through IMPS

For a real-time, anytime transfer to Canara Bank – VIJAYANAGAR FIFTY FOUR SCHEME, use IMPS. With IFSC CNRB0002622 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.

Comparing NEFT, RTGS and IMPS for transfers to Vijayanagar Fifty Four Scheme

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC CNRB0002622:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at VIJAYANAGAR FIFTY FOUR SCHEME is still linked to IFSC CNRB0002622.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

UPI payments and IFSC CNRB0002622

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Canara Bank – VIJAYANAGAR FIFTY FOUR SCHEME is still mapped to IFSC CNRB0002622. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC CNRB0002622 and the beneficiary's account number to complete the transfer.

Products and account variants supported

Every account opened at the Vijayanagar Fifty Four Scheme branch is mapped to IFSC CNRB0002622 on the RBI payments network. The branch generally supports the full retail product catalogue of Canara Bank, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains CNRB0002622.

Banking services available

The Vijayanagar Fifty Four Scheme branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 731-2570593.

• Savings, current and salary accounts
• Fixed deposits and recurring deposits
• Personal, vehicle and home loans
• Demat and investment products (where supported)
• Internet banking and mobile banking enrolment
• Debit and credit card issuance
• Locker facilities (subject to availability)
• Foreign exchange services (at authorised branches)
• Bill payments, demand drafts and pay orders
• NEFT / RTGS / IMPS / UPI fund transfers using IFSC CNRB0002622

Online banking and IFSC CNRB0002622

Canara Bank customers can register for net banking and the bank's official mobile app once their account at the VIJAYANAGAR FIFTY FOUR SCHEME branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC CNRB0002622 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.

Reaching the branch

The Vijayanagar Fifty Four Scheme branch sits at 7/8, RAJAT JAYANTI COMPLEX, SCHEME 54, VIJAYANAGAR, INDORE, M.P.. If you are travelling from outside Indore, search for the branch on a maps application using the bank name and locality, or call 731-2570593 to ask for landmarks. Many customers find it easier to skip the trip altogether: net banking, mobile apps, NEFT, RTGS, IMPS and UPI all work using the IFSC CNRB0002622 and your account number.

Common mistakes to avoid when using IFSC CNRB0002622

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Canara Bank – VIJAYANAGAR FIFTY FOUR SCHEME, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: CNRB0002622.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

Working hours

Branch counters at Vijayanagar Fifty Four Scheme are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to CNRB0002622 continue to work without interruption.

Other ways to verify the IFSC code

While this page already lists the verified IFSC CNRB0002622 for Canara Bank – VIJAYANAGAR FIFTY FOUR SCHEME, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Branch address & contact

Frequently asked questions

Final notes

To recap: CNRB0002622 is the IFSC code of Canara Bank, VIJAYANAGAR FIFTY FOUR SCHEME branch, in INDORE, MADHYA PRADESH. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.