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 Peelamedu,Coimbatore 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 CNRB0002732. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Canara Bank, Peelamedu,Coimbatore, Coimbatore

Below in the table are the key details related to IFSC Code CNRB0002732 of Canara Bank for its branch located in Coimbatore, within the district of Coimbatore in the state of Tamil Nadu.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0002732
Branch Peelamedu,Coimbatore
City Coimbatore
District Coimbatore
State Tamil Nadu
Address 320/B, Pvg Towers, Avanashi Road, Coimbatore,

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 CNRB0002732 for the Peelamedu,Coimbatore branch of Canara Bank has an important 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 Peelamedu,Coimbatore, Coimbatore, Tamil Nadu, is provided a unique IFSC like CNRB0002732 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 Peelamedu,Coimbatore do not get misguided to another person.

Format of the IFSC Code CNRB0002732

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 Peelamedu,Coimbatore in Coimbatore.

For example, the IFSC Code CNRB0002732 of Canara Bank for the Peelamedu,Coimbatore branch includes 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 trying to find the IFSC Code CNRB0002732 of Canara Bank for its Peelamedu,Coimbatore branch located in Coimbatore, 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 Coimbatore and Coimbatore, 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 Peelamedu,Coimbatore or Coimbatore to get the exact IFSC Code CNRB0002732.

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 Coimbatore, you'll get the correct details.

How to Use IFSC Code CNRB0002732 for Online Transfers?

If you have the IFSC Code CNRB0002732 for the Peelamedu,Coimbatore branch of Canara Bank in Coimbatore, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0002732. Transfers are processed in batches. Suitable for 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. Asks for the recipient's account details and Canara Bank IFSC Code CNRB0002732.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Canara Bank Peelamedu,Coimbatore in Coimbatore, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Canara Bank in Peelamedu,Coimbatore, you can find it by any of the following ways:

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

Having both IFSC and MICR codes helps account holders in Coimbatore manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank in Peelamedu,Coimbatore, Coimbatore?

The IFSC Code is CNRB0002732.

Is the IFSC Code CNRB0002732 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 Peelamedu,Coimbatore?

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 Peelamedu,Coimbatore branch?

The address of the branch is 320/B, Pvg Towers, Avanashi Road, Coimbatore, located in Coimbatore, Coimbatore, 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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