There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Canara Bank for its Specialised Overseas Branch Chennai branch in Chennai, Chennai, Tamil Nadu, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Canara Bank situated in Chennai or anywhere in Tamil Nadu can easily transfer funds instantly by using the correct IFSC Code CNRB0016024. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Canara Bank, Specialised Overseas Branch Chennai, Chennai

Below in the table are the key details related to IFSC Code CNRB0016024 of Canara Bank for its branch located in Chennai, within the district of Chennai in the state of Tamil Nadu.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0016024
Branch Specialised Overseas Branch Chennai
City Chennai
District Chennai
State Tamil Nadu
Address No 245 Ramakrishna Mutt Road Mylapore Chennai Tamil Nadu 600004 India

These details help users in online banking and for businesses and individuals who use Canara Bank in Chennai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0016024 for the Specialised Overseas Branch Chennai branch of Canara Bank has a very important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Canara Bank located in Specialised Overseas Branch Chennai, Chennai, Tamil Nadu, are allotted a unique IFSC like CNRB0016024 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Chennai.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Chennai and Chennai.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Canara Bank in Specialised Overseas Branch Chennai reaches the right place, even though there are thousands of branches in Tamil Nadu and across India.

Format of the IFSC Code CNRB0016024

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

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): These represent the bank code. In Canara Bank, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Specialised Overseas Branch Chennai in Chennai.

For example, the IFSC Code CNRB0016024 of Canara Bank for the Specialised Overseas Branch Chennai branch has these elements, identifying the bank and the branch location in Chennai and Tamil Nadu correctly.

How to Find IFSC Code for Canara Bank?

If you are trying to find the IFSC Code CNRB0016024 of Canara Bank for its Specialised Overseas Branch Chennai branch located in Chennai, the following methods can help:

Cheque Book

The cheque books that are issued by Canara Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

Most banks, including Canara Bank branches in Chennai and Chennai, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of Canara Bank and find the branch locator section. Search for Specialised Overseas Branch Chennai or Chennai to get the exact IFSC Code CNRB0016024.

Mobile Banking App

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

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Canara Bank and Chennai that will provide accurate information.

How to Use IFSC Code CNRB0016024 for Online Transfers?

Once you have the IFSC Code CNRB0016024 for the Specialised Overseas Branch Chennai branch of Canara Bank in Chennai, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code CNRB0016024. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.

RTGS

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

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Canara Bank IFSC Code CNRB0016024.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Specialised Overseas Branch Chennai in Chennai, your payment can get delayed or might not go through at all.

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 Specialised Overseas Branch Chennai, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Chennai to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank in Specialised Overseas Branch Chennai, Chennai?

The IFSC Code is CNRB0016024.

Is the IFSC Code CNRB0016024 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

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

Where can I find the IFSC Code of Canara Bank Specialised Overseas Branch Chennai?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Specialised Overseas Branch Chennai branch?

The address of the branch is No 245 Ramakrishna Mutt Road Mylapore Chennai Tamil Nadu 600004 India located in Chennai, Chennai, Tamil Nadu.

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.

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