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 Coimbatore Vadavalli branch in Coimbatore, Coimbatore, Tamil Nadu, 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 Coimbatore or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code CNRB0016560. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Coimbatore Vadavalli, Coimbatore
The table below shows the main details of the IFSC Code CNRB0016560 for the Canara Bank branch in Coimbatore, which falls under the Coimbatore district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0016560 |
| Branch | Coimbatore Vadavalli |
| City | Coimbatore |
| District | Coimbatore |
| State | Tamil Nadu |
| Address | Vom Complex Door No 49 Ramasamy Pillai St Nr Bus Stand Vadavali Coimbatore Tamil Nadu 641041 |
These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Coimbatore for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0016560 for the Coimbatore Vadavalli branch of Canara Bank is vital.
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 Coimbatore Vadavalli, Coimbatore, Tamil Nadu, is provided a unique IFSC like CNRB0016560 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Canara Bank branch in Coimbatore.
- 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 Coimbatore and Coimbatore.
- 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 Tamil Nadu and the rest of India, the IFSC Code ensures that transactions meant for Canara Bank in Coimbatore Vadavalli do not get misguided to another person.
Format of the IFSC Code CNRB0016560
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 Vadavalli in Coimbatore.
For example, the IFSC Code CNRB0016560 of Canara Bank for the Coimbatore Vadavalli 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?
To find the IFSC Code CNRB0016560 of Canara Bank for its Coimbatore Vadavalli branch located in Coimbatore, the following methods can help you out:
Cheque Book
The cheque book issued by Canara Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Canara Bank branches in Coimbatore and Coimbatore, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Canara Bank and go to the branch locator section. Then search for Coimbatore Vadavalli or Coimbatore to find the exact IFSC Code CNRB0016560.
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 maintains an updated database of all IFSC codes. Searching for Canara Bank and Coimbatore will provide accurate information.
How to Use IFSC Code CNRB0016560 for Online Transfers?
Once you have the IFSC Code CNRB0016560 for the Coimbatore Vadavalli branch of Canara Bank in Coimbatore, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0016560. The transfer is completed in batches. It is useful for both personal and business payments.
RTGS
Used for payments over ₹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 CNRB0016560.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Coimbatore Vadavalli in Coimbatore, your payment can get delayed or might not go through at all.
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 Vadavalli, 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)
The IFSC Code is CNRB0016560.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Vom Complex Door No 49 Ramasamy Pillai St Nr Bus Stand Vadavali Coimbatore Tamil Nadu 641041 located in Coimbatore, Coimbatore, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.