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 Rah Erode branch in Erode, Erode, 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 Erode or anywhere in Tamil Nadu can easily transfer funds instantly by using the correct IFSC Code CNRB0005460. 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, Rah Erode, Erode

Here are the key points that are associated with the IFSC Code CNRB0005460 of Canara Bank for its branch located in Erode, within the district of Erode in the state of Tamil Nadu.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0005460
Branch Rah Erode
City Erode
District Erode
State Tamil Nadu
Address 47 B C D Building,Park Road,Erode 638003

These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Erode for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0005460 for the Rah Erode branch of Canara Bank plays 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, including Canara Bank located in Rah Erode, Erode, Tamil Nadu, is provided with a unique IFSC like CNRB0005460 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Canara Bank branch in Erode.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Erode and Erode.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Tamil Nadu and the rest of India and the IFSC Code ensures that transactions meant for Canara Bank in Rah Erode do not get mixed with another location.

Format of the IFSC Code CNRB0005460

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): 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 Rah Erode in Erode.

For example, the IFSC Code CNRB0005460 of Canara Bank for the Rah Erode branch includes these elements, identifying the bank and the branch location in Erode and Tamil Nadu accurately.

How to Find IFSC Code for Canara Bank?

If you are trying to find the IFSC Code CNRB0005460 of Canara Bank for its Rah Erode branch located in Erode, 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 Erode and Erode, 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 Rah Erode or Erode to get the exact IFSC Code CNRB0005460.

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 Erode, you'll get the correct details.

How to Use IFSC Code CNRB0005460 for Online Transfers?

Once you have the IFSC Code CNRB0005460 for the Rah Erode branch of Canara Bank in Erode, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0005460. 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 CNRB0005460.

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 Rah Erode in Erode, 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 Rah Erode, 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 Erode manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank Rah Erode Erode?

The IFSC Code of the Rah Erode Erode branch is CNRB0005460.

Is IFSC Code CNRB0005460 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 Rah Erode branch?

The branch is located at 47 B C D Building,Park Road,Erode 638003.

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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