Canara Internet banking transaction password is the second password that you need to enter when you initiate any transaction through net banking. You need to enter this transaction password when you transfer money, adding beneficiary & request any services.
After registering online for Canara net banking, you need to generate this transaction password using your ATM Debit card. If you forgot your Canara bank transaction password or want to generate then here we will tell you how to generate or reset the Canara bank transaction password for net banking.
Generate / Reset Canara Net Banking Transaction Password
You just need your active ATM/Debit card to reset or generate a transaction password for Canara net banking.
Login to Canara net banking by entering your User ID and login password.
Now click on Generate Transaction Password option.
Next screen, enter your ATM/Debit card number, ATM PIN, and expiry month & year and submit.
Now you will receive an OTP on your registered mobile number. Enter this OTP and proceed.
And finally set your transaction password.
You can use this generate transaction password if you forgot your current password or you just registered with net banking hasn’t generated a transaction password yet.
Frequently Asked Questions
(1) What is the transaction password in Canara Bank?
Ans: When you register for Canara net banking, you need to generate two passwords, login password, and a transaction password. This transaction password is used to authorize any transaction initiated through net banking like fund transfer, add beneficiary, etc.
(2) How do I generate a new transaction password online in Canara Bank if I forgot my current password, as there is no option to generate it?
Ans: You need to login to Canara net banking to generate a new transaction password for Canara net banking.
(3) What is the difference between login password & transaction password in Canara Bank net banking?
Ans: To login to your Canara net banking, you need to enter your User ID and login password. And when you initiate any transaction through net banking like money transfer, request any service then you need to enter a transaction password.