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 Oyoor branch in Kollam, Kollam, Kerala, 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 Kollam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code CNRB0004668. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Oyoor, Kollam
Here are the main details that are associated with the IFSC Code CNRB0004668 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 | CNRB0004668 |
| Branch | Oyoor |
| City | Kollam |
| District | Kollam |
| State | Kerala |
| Address | Badharubeen Memorial Building, Payyacode, Oyoor Po 691510 Kollam Dist. Kerala |
These details are crucial, not just for online banking users but also for businesses and individuals who use Canara Bank in Kollam for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0004668 for the Oyoor 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 CNRB0004668 is given to every bank branch, including Canara Bank located in Oyoor, Kollam, Kerala, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Kollam.
- 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 Kollam and Kollam.
- 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 Kerala and the rest of India, which is why the IFSC Code ensures that transactions meant for Canara Bank in Oyoor doesn't end up at another location.
Format of the IFSC Code CNRB0004668
This is the format of the IFSC Code for banks, including Canara Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the explanation:
- First 4 characters (AAAA): This is the bank code. For Canara Bank, these characters are the bank's short identifier.
- 5th character (0): This stays zero till there is any future use.
- Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Oyoor in Kollam.
For example, the IFSC Code CNRB0004668 of Canara Bank for the Oyoor branch includes these elements, identifying the bank and the branch location in Kollam and Kerala accurately.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0004668 of Canara Bank for its Oyoor 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 Oyoor or Kollam to get the exact IFSC Code CNRB0004668.
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 CNRB0004668 for Online Transfers?
Once you have the IFSC Code CNRB0004668 for the Oyoor branch of Canara Bank in Kollam, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0004668. Transfers are processed in batches. This is 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. Requires the recipient's account details and Canara Bank IFSC Code CNRB0004668.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Canara Bank Oyoor in Kollam may 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 Oyoor, 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 CNRB0004668.
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 Badharubeen Memorial Building, Payyacode, Oyoor Po 691510 Kollam Dist. Kerala located in Kollam, Kollam, Kerala.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.