Below are the complete branch details for Canara Bank, PUNAWALE branch, located in PUNAWALE, MAHARASHTRA. The IFSC assigned by the Reserve Bank of India to this branch is CNRB0007551. 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 CNRB0007551 for Canara Bank – PUNAWALE — saves you from rejected transfers, returned credits and the back-and-forth that follows them.
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, CNRB0007551 is the IFSC of Canara Bank's PUNAWALE branch. The format is fixed: CNRB = bank code, 0 = reserved, 007551 = branch identifier.
About Canara Bank
Canara Bank operates a wide network of branches across India, including the Punawale branch in Punawale. 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, CNRB0007551.
Branch details at a glance
| Bank Name | Canara Bank |
|---|---|
| Branch | Punawale |
| IFSC Code | CNRB0007551 |
| MICR Code | Refer to cheque leaf |
| Branch Address | S NO 2711,SHOP NO 4,LEGACY MILLENIA,PUNAWALE,PUNE DIST,MAHARASHTRA 411033 |
| City | Punawale |
| District | Pune |
| State | Maharashtra |
About the Punawale branch
The Punawale branch of Canara Bank is situated at S NO 2711,SHOP NO 4,LEGACY MILLENIA,PUNAWALE,PUNE DIST,MAHARASHTRA 411033. 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 CNRB0007551 is used.
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 PUNAWALE of Canara Bank — its own 11-character IFSC. The code CNRB0007551 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 CNRB0007551 the same way you would treat your account number — verify it once and save it carefully for future use.
Products and account variants supported
Every account opened at the Punawale branch is mapped to IFSC CNRB0007551 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 CNRB0007551.
Banking services available
The Punawale branch typically offers the following services. Specific products may vary by branch size; please confirm with the branch on the branch contact number.
- 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 CNRB0007551
How to transfer money using IFSC CNRB0007551
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 CNRB0007551 across all three.
How to use IFSC CNRB0007551 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Canara Bank's PUNAWALE 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 CNRB0007551.
- Confirm the bank name auto-populates as Canara Bank and the branch as PUNAWALE.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to PUNAWALE
If you need to transfer ₹2 lakh or more in one go to an account at Canara Bank's PUNAWALE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC CNRB0007551 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 – PUNAWALE, use IMPS. With IFSC CNRB0007551 and the beneficiary's account number you can move up to ₹5 lakh per transaction with instant credit, any day of the year.
NEFT vs RTGS vs IMPS — which one should you use?
All three modes accept the IFSC CNRB0007551 for Canara Bank – PUNAWALE, 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 – CNRB0007551 | Yes – CNRB0007551 | Yes – CNRB0007551 |
For most retail customers crediting the Punawale 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 CNRB0007551
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 – PUNAWALE is still mapped to IFSC CNRB0007551. 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 CNRB0007551 and the beneficiary's account number to complete the transfer.
Online banking and IFSC CNRB0007551
Canara Bank customers can register for net banking and the bank's official mobile app once their account at the PUNAWALE 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 CNRB0007551 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.
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 CNRB0007551 and the account number together uniquely identify the Punawale branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.
Common mistakes to avoid when using IFSC CNRB0007551
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 – PUNAWALE, 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:
CNRB0007551. - 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 Punawale branch sits at S NO 2711,SHOP NO 4,LEGACY MILLENIA,PUNAWALE,PUNE DIST,MAHARASHTRA 411033. If you are travelling from outside Punawale, search for the branch on a maps application using the bank name and locality, or call the branch contact number 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 CNRB0007551 and your account number.
Verifying IFSC CNRB0007551 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm CNRB0007551 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on the branch contact number.
- Visiting the bank's official branch locator page.
Branch banking hours and holidays
Indian bank branches typically operate from 10:00 AM to 4:00 PM, Monday to Friday, and from 10:00 AM to 2:00 PM on working Saturdays (usually the 1st, 3rd and 5th Saturdays). The Punawale branch is closed on the 2nd and 4th Saturdays, all Sundays and on national or regional bank holidays. Online channels using IFSC CNRB0007551, however, work 24x7.
Branch address & contact
Canara BankPunawale Branch
S NO 2711,SHOP NO 4,LEGACY MILLENIA,PUNAWALE,PUNE DIST,MAHARASHTRA 411033
Punawale, Maharashtra
Phone: the branch contact number
IFSC: CNRB0007551
Frequently asked questions
Can I use IFSC CNRB0007551 for IMPS transfers?
Yes. IMPS works 24x7 and you only need the beneficiary's account number plus IFSC CNRB0007551 to send funds instantly.
Is IFSC CNRB0007551 valid for NEFT and RTGS?
Yes. IFSC CNRB0007551 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
Is IFSC CNRB0007551 the same for all accounts at Punawale branch?
Yes. The IFSC CNRB0007551 is shared by every account held at Canara Bank's Punawale branch. Only the account number changes from customer to customer.
What is the phone number of Canara Bank Punawale branch?
You can reach the branch at the branch contact number during regular banking hours.
How quickly will an NEFT transfer using CNRB0007551 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to Canara Bank – Punawale reflect within 30 minutes.
Where is Canara Bank Punawale branch located?
Canara Bank's Punawale branch is located at S NO 2711,SHOP NO 4,LEGACY MILLENIA,PUNAWALE,PUNE DIST,MAHARASHTRA 411033, Punawale, Maharashtra.
What is the IFSC code of Canara Bank Punawale branch?
The IFSC code of Canara Bank, Punawale branch is CNRB0007551. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code CNRB0007551 belongs to Canara Bank's PUNAWALE branch, located at S NO 2711,SHOP NO 4,LEGACY MILLENIA,PUNAWALE,PUNE DIST,MAHARASHTRA 411033 in PUNAWALE, MAHARASHTRA. 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.
