Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Canara Bank for its Morewadi branch in Kolhapur, Morewadi, or Maharashtra, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Canara Bank located in Kolhapur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code CNRB0015232. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Morewadi, Kolhapur
The table below shows the main details of the IFSC Code CNRB0015232 for the Canara Bank branch in Kolhapur, which falls under the Morewadi district in Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0015232 |
| Branch | Morewadi |
| City | Kolhapur |
| District | Morewadi |
| State | Maharashtra |
| Address | Plot No 345 Aarti R K Nagar Society No 2 Kolhapur 416013 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Kolhapur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0015232 for the Morewadi 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 that is provided by the Reserve Bank of India. A unique IFSC like CNRB0015232 is given to every bank branch, including Canara Bank located in Morewadi, Kolhapur, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Kolhapur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Kolhapur and Morewadi.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Canara Bank in Morewadi doesn't end up at another location.
Format of the IFSC Code CNRB0015232
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 Morewadi in Kolhapur.
For example, the IFSC Code CNRB0015232 of Canara Bank for the Morewadi branch has these elements, identifying the bank and the branch location in Kolhapur and Maharashtra correctly.
How to Find IFSC Code for Canara Bank?
If you are looking for the IFSC Code CNRB0015232 of Canara Bank for its Morewadi branch located in Kolhapur, 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 Kolhapur and Morewadi, 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 Morewadi or Kolhapur to get the exact IFSC Code CNRB0015232.
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 Kolhapur, then it will provide you proper information.
How to Use IFSC Code CNRB0015232 for Online Transfers?
Once you have the IFSC Code CNRB0015232 for the Morewadi branch of Canara Bank in Kolhapur, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0015232. 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 CNRB0015232.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Morewadi in Kolhapur, 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 Morewadi, 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 Kolhapur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0015232.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Plot No 345 Aarti R K Nagar Society No 2 Kolhapur 416013 located in Kolhapur, Morewadi, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.
