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 Kadakkal branch in Kollam, Kollam, Kerala, 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 Kollam or anywhere in Kerala can easily transfer funds instantly by using the correct IFSC Code CNRB0014042. 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, Kadakkal, Kollam
Here are the key points that are associated with the IFSC Code CNRB0014042 of Canara Bank for its branch located in Kollam, within the district of Kollam in the state of Kerala.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0014042 |
| Branch | Kadakkal |
| City | Kollam |
| District | Kollam |
| State | Kerala |
| Address | Re Sy No 73 By 13 By 1 Kadakkal Village Kollam Dist Kollam Kerala India 691536 |
These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Kollam for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0014042 for the Kadakkal branch of Canara Bank plays 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 Kadakkal, Kollam, Kerala, is provided a unique IFSC like CNRB0014042 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Canara Bank branch in Kollam.
- 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 Kollam and Kollam.
- 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 Kerala and the rest of India, the IFSC Code ensures that transactions meant for Canara Bank in Kadakkal do not get misguided to another person.
Format of the IFSC Code CNRB0014042
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 Kadakkal in Kollam.
For example, the IFSC Code CNRB0014042 of Canara Bank for the Kadakkal branch includes these elements, identifying the bank and the branch location in Kollam and Kerala correctly.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0014042 of Canara Bank for its Kadakkal branch located in Kollam, the following methods can help:
Cheque Book
The cheque books that are issued by Canara Bank include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Canara Bank branches in Kollam and Kollam, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Canara Bank and find the branch locator section. Search for Kadakkal or Kollam to get the exact IFSC Code CNRB0014042.
Mobile Banking App
If you use Canara Bank's mobile app, you can easily 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 to help you in searching for Canara Bank and Kollam that will provide accurate information.
How to Use IFSC Code CNRB0014042 for Online Transfers?
Once you have the IFSC Code CNRB0014042 for the Kadakkal branch of Canara Bank in Kollam, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0014042. 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 CNRB0014042.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Kadakkal in Kollam, 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 Kadakkal, here are some ways to obtain 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.
Having both the IFSC and MICR codes makes it easy for account holders in Kollam to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0014042.
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 Re Sy No 73 By 13 By 1 Kadakkal Village Kollam Dist Kollam Kerala India 691536 located in Kollam, Kollam, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.