The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Canara Bank for its Coimbatore Saibaba Colony Ii branch in Coimbatore, Coimbatore, Tamil Nadu, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Canara Bank located in Coimbatore or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code CNRB0016565. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Canara Bank, Coimbatore Saibaba Colony Ii, Coimbatore

The table below shows the main details of the IFSC Code CNRB0016565 for the Canara Bank branch in Coimbatore, which falls under the Coimbatore district in Tamil Nadu.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0016565
Branch Coimbatore Saibaba Colony Ii
City Coimbatore
District Coimbatore
State Tamil Nadu
Address Canara Bank Door No 311 T Nsr Road Opp To Bharathi Stores Saibaba Colony Coimbatore Tamil Nadu India 641010

These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Coimbatore for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0016565 for the Coimbatore Saibaba Colony Ii branch of Canara Bank has an 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 Coimbatore Saibaba Colony Ii, Coimbatore, Tamil Nadu, are given a unique IFSC like CNRB0016565 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

It helps ensure that any money sent to Canara Bank in Coimbatore Saibaba Colony Ii goes to the correct branch. This is important because Canara Bank has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code CNRB0016565

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 Coimbatore Saibaba Colony Ii in Coimbatore.

For example, the IFSC Code CNRB0016565 of Canara Bank for the Coimbatore Saibaba Colony Ii branch has these elements, identifying the bank and the branch location in Coimbatore and Tamil Nadu correctly.

How to Find IFSC Code for Canara Bank?

If you are looking for the IFSC Code CNRB0016565 of Canara Bank for its Coimbatore Saibaba Colony Ii branch located in Coimbatore, the following methods can help:

Cheque Book

The cheque book that is issued by Canara Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

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

Bank Website

You can visit the official website of Canara Bank and look for the branch locator section, then search for Coimbatore Saibaba Colony Ii or Coimbatore to get the exact IFSC Code CNRB0016565.

Mobile Banking App

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

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Canara Bank and Coimbatore, then it will provide you proper information.

How to Use IFSC Code CNRB0016565 for Online Transfers?

Once you have the IFSC Code CNRB0016565 for the Coimbatore Saibaba Colony Ii branch of Canara Bank in Coimbatore, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0016565. 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 CNRB0016565.

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 Coimbatore Saibaba Colony Ii in Coimbatore, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Canara Bank in Coimbatore Saibaba Colony Ii, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Coimbatore manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank Coimbatore Saibaba Colony Ii Coimbatore?

The IFSC Code of the Coimbatore Saibaba Colony Ii Coimbatore branch is CNRB0016565.

Is IFSC Code CNRB0016565 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Canara Bank Coimbatore Saibaba Colony Ii branch?

The branch is located at Canara Bank Door No 311 T Nsr Road Opp To Bharathi Stores Saibaba Colony Coimbatore Tamil Nadu India 641010.

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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