Below are the complete branch details for Canara Bank, MULTAI branch, located in MULTAI, MADHYA PRADESH. The IFSC assigned by the Reserve Bank of India to this branch is CNRB0005538. Whether you want to transfer money, add a beneficiary, verify a cheque or simply confirm the branch address, you will find authentic, up-to-date information on this page that has been cross-checked against the bank's branch directory and the RBI's master list of participants in the National Electronic Funds Transfer system.
The IFSC code is one of the most frequently asked-for pieces of information when somebody wants to send you money or set up a recurring credit such as a salary, EMI auto-debit or supplier payment. Knowing exactly which IFSC belongs to your branch — in this case CNRB0005538 for Canara Bank – MULTAI — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.
The IFSC for Canara Bank – MULTAI is CNRB0005538. The first four letters CNRB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 005538 map to this branch in MULTAI, MADHYA PRADESH.
Branch details at a glance
| Bank Name | Canara Bank |
|---|---|
| Branch | Multai |
| IFSC Code | CNRB0005538 |
| MICR Code | Refer to cheque leaf |
| Branch Address | CANARA BANK NH 69 BETUL ROAD BHAGAT SINGH WARD MULTAI DIST BETUL MULTAI MADHYA PRADESH |
| City | Multai |
| District | Betul |
| State | Madhya Pradesh |
| STD Code | 755 |
| Phone | 2766377 |
About Canara Bank
Canara Bank operates a wide network of branches across India, including the Multai branch in Multai. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, CNRB0005538.
About the Multai branch
The Multai branch of Canara Bank is situated at CANARA BANK NH 69 BETUL ROAD BHAGAT SINGH WARD MULTAI DIST BETUL MULTAI MADHYA PRADESH. 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 CNRB0005538 is used.
The role of IFSC in India's payments network
India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Canara Bank's MULTAI branch came to be assigned the code CNRB0005538.
Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC CNRB0005538, money simply cannot be routed to the MULTAI branch electronically.
How to transfer money using IFSC CNRB0005538
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 CNRB0005538 across all three.
How to use IFSC CNRB0005538 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Canara Bank's MULTAI branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC CNRB0005538.
- Confirm the bank name auto-populates as Canara Bank and the branch as MULTAI.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
RTGS transfers via IFSC CNRB0005538
RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Canara Bank – MULTAI, ensure your bank's portal accepts IFSC CNRB0005538 while registering the beneficiary. RTGS is also available 24x7.
IMPS to Canara Bank MULTAI (IFSC CNRB0005538)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC CNRB0005538 in your mobile or internet banking app, and the money is credited to the MULTAI branch account within seconds.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC CNRB0005538 for Canara Bank – MULTAI, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.
| Parameter | NEFT | RTGS | IMPS |
|---|---|---|---|
| Minimum amount | ₹1 | ₹2,00,000 | ₹1 |
| Maximum amount | No RBI cap | No RBI cap | ₹5,00,000 |
| Settlement | Half-hourly batches | Real-time | Real-time |
| Availability | 24x7 | 24x7 | 24x7 |
| Best for | Routine transfers | High-value transfers | Urgent small / mid transfers |
| IFSC required | Yes – CNRB0005538 | Yes – CNRB0005538 | Yes – CNRB0005538 |
For most retail customers crediting the Multai branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.
UPI payments and IFSC CNRB0005538
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 – MULTAI is still mapped to IFSC CNRB0005538. 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 CNRB0005538 and the beneficiary's account number to complete the transfer.
Products and account variants supported
Every account opened at the Multai branch is mapped to IFSC CNRB0005538 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 CNRB0005538.
Banking services available
The Multai branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on 755-2766377.
- 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 CNRB0005538
MICR code & cheque clearing
Apart from IFSC, every cheque book issued by Canara Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC CNRB0005538 and the account number together uniquely identify the Multai branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Online banking and IFSC CNRB0005538
Canara Bank customers can register for net banking and the bank's official mobile app once their account at the MULTAI 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 CNRB0005538 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.
Common mistakes to avoid when using IFSC CNRB0005538
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 – MULTAI, 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:
CNRB0005538. - 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.
Reaching the branch
The Multai branch sits at CANARA BANK NH 69 BETUL ROAD BHAGAT SINGH WARD MULTAI DIST BETUL MULTAI MADHYA PRADESH. If you are travelling from outside Multai, search for the branch on a maps application using the bank name and locality, or call 755-2766377 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 CNRB0005538 and your account number.
Other ways to verify the IFSC code
While this page already lists the verified IFSC CNRB0005538 for Canara Bank – MULTAI, 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.
Working hours
Branch counters at Multai 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 CNRB0005538 continue to work without interruption.
Branch address & contact
Canara BankMultai Branch
CANARA BANK NH 69 BETUL ROAD BHAGAT SINGH WARD MULTAI DIST BETUL MULTAI MADHYA PRADESH
Multai, Madhya Pradesh
Phone: 755-2766377
IFSC: CNRB0005538
Frequently asked questions
What is the phone number of Canara Bank Multai branch?
You can reach the branch at 755-2766377 during regular banking hours.
What is the difference between IFSC and MICR code?
IFSC is an 11-character alphanumeric code used for online transfers, while MICR is a 9-digit numeric code printed on cheques and used by cheque-clearing machines. Both identify the Multai branch but serve different purposes.
How do I add Canara Bank Multai as a beneficiary?
Log in to your internet or mobile banking app, go to Add Beneficiary, enter the account number and IFSC CNRB0005538, and complete OTP verification. Once activated, you can transfer funds at any time.
Is IFSC CNRB0005538 valid for NEFT and RTGS?
Yes. IFSC CNRB0005538 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Does Canara Bank Multai branch offer locker facilities?
Locker availability depends on branch size and customer demand. Please contact the branch on 755-2766377 to confirm.
What is the IFSC code of Canara Bank Multai branch?
The IFSC code of Canara Bank, Multai branch is CNRB0005538. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code CNRB0005538 belongs to Canara Bank's MULTAI branch, located at CANARA BANK NH 69 BETUL ROAD BHAGAT SINGH WARD MULTAI DIST BETUL MULTAI MADHYA… in MULTAI, MADHYA PRADESH. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
