For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Canara Bank for its Payyoli Ii branch in Cannur, Payyoli, Kerala, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Canara Bank located in Cannur or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code CNRB0014409. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Canara Bank, Payyoli Ii, Cannur

Below in the table are the key details related to IFSC Code CNRB0014409 of Canara Bank for its branch located in Cannur, within the district of Payyoli in the state of Kerala.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0014409
Branch Payyoli Ii
City Cannur
District Payyoli
State Kerala
Address 12 By 4111 Main Road Near Bus Stand Kozhikode Dist Payyoli Kerala 673522 India

These details helps users in online banking and for businesses and individuals who use Canara Bank in Cannur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0014409 for the Payyoli Ii branch of Canara Bank plays a vital role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Canara Bank located in Payyoli Ii, Cannur, Kerala, is provided a unique IFSC like CNRB0014409 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the Canara Bank branch in Cannur.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Cannur and Payyoli.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Kerala and the rest of India, the IFSC Code ensures that transactions meant for Canara Bank in Payyoli Ii do not get misguided to another person.

Format of the IFSC Code CNRB0014409

The format of the IFSC Code for banks, including Canara Bank, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Canara Bank, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Payyoli Ii in Cannur.

For example, the IFSC Code CNRB0014409 of Canara Bank for the Payyoli Ii branch includes these elements, identifying the bank and the branch location in Cannur and Kerala correctly.

How to Find IFSC Code for Canara Bank?

If you are trying to find the IFSC Code CNRB0014409 of Canara Bank for its Payyoli Ii branch located in Cannur, the following methods can help:

Cheque Book

The cheque book issued by Canara Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Canara Bank branches in Cannur and Payyoli, print them on the first page of your passbook.

Bank Website

Visit the official website of Canara Bank and navigate to the branch locator section. Search for Payyoli Ii or Cannur to get the exact IFSC Code CNRB0014409.

Mobile Banking App

If you use Canara Bank's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Canara Bank and Cannur, you'll get the correct details.

How to Use IFSC Code CNRB0014409 for Online Transfers?

Once you have the IFSC Code CNRB0014409 for the Payyoli Ii branch of Canara Bank in Cannur, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0014409. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Canara Bank IFSC Code CNRB0014409.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Canara Bank Payyoli Ii in Cannur, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Canara Bank in Payyoli Ii, here are some ways that you can get it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Canara Bank website.
  • Search the RBI portal.

If you know both IFSC and MICR codes, then it can help account holders in Cannur manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank in Payyoli Ii, Cannur?

The IFSC Code is CNRB0014409.

Is the IFSC Code CNRB0014409 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Canara Bank Payyoli Ii?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Payyoli Ii branch?

The address of the branch is 12 By 4111 Main Road Near Bus Stand Kozhikode Dist Payyoli Kerala 673522 India located in Cannur, Payyoli, Kerala.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.