How to Change Transaction Password in Canara Bank?

If you’re a Canara Bank customer who needs to change their transaction password, this post is for you. Whether you’ve forgotten your password or simply want to change it for security reasons, we’ve got you covered. 

In this post, we’ll walk you through the simple steps to change your transaction password in Canara Bank. We’ve laid out the process in an easy-to-understand format and have included all the information you need to know.

 Understanding the Importance of a Transaction Password

 Before we dive into the process of changing your transaction password, let’s first understand what it is and why it’s important. A transaction password is a unique set of characters that is used to authenticate and verify transactions made through your bank account. It’s crucial in ensuring that all the transactions made on your account are authorized by you and not by an unauthorized party.

Preparing to Change Your Transaction Password

 Before changing your transaction password, ensure that you have access to the mobile number registered with your Canara Bank account. You’ll need to receive an OTP (One Time Password) on this number to complete the process. Additionally, make sure you have your debit card handy as you’ll need to use it to authenticate the change.

Steps to Change Your Transaction Password in Canara Bank

 1. Visit the Canara Bank website and log in to your account using your user ID and password.

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 2. Once you’re logged in, click on the “Profile” tab and select “Change Transaction Password” from the dropdown menu.

 3. Enter your old transaction password and the new password you want to set.

 4. Confirm the new password and click on the “Submit” button.

 5. You’ll receive an OTP on your registered mobile number. Enter the OTP in the space provided and click on “Submit.”

 6. Authenticate the change using your debit card details.

Tips to Keep Your Transaction Password Secure

 Now that you’ve successfully changed your transaction password, it’s important to keep it secure to prevent unauthorized access to your account. Here are some tips to help you do so:

 – Do not share your transaction password with anyone.

 – Avoid using easily guessable passwords such as your date of birth or your name.

 – Change your password every few months.

 – Avoid accessing your account from public computers or Wi-Fi networks.

What to Do if You Forget Your Transaction Password

 In case you forget your transaction password, you can reset it easily by following these steps:

 1. Visit the Canara Bank website and click on “Forgot Transaction Password.”

 2. Enter your user ID and registered mobile number.

 3. Authenticate the change using your debit card details.

 4. Set a new transaction password.


 Changing your transaction password in Canara Bank is a simple process that can be completed in just a few steps. It’s crucial to keep your transaction password secure to prevent unauthorized access to your account. Remember to follow the tips we’ve provided to keep your password secure. In case you forget your password, resetting it is also a straightforward process. We hope this post has been helpful. If you have any further queries, contact Canara Bank customer service for assistance.

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