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. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Canara Bank for its Anaiyur branch in Madurai, Anaiyur, Tamil Nadu, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Canara Bank located in Madurai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code CNRB0016240. 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, Anaiyur, Madurai
The table below shows the main details of the IFSC Code CNRB0016240 for the Canara Bank branch in Madurai, which falls under the Anaiyur district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0016240 |
| Branch | Anaiyur |
| City | Madurai |
| District | Anaiyur |
| State | Tamil Nadu |
| Address | No 1 A Hari Nivas Complex Pillayar Kovil Street Sasi Nagar Anaiyur Post Madurai 625017 Tamil Nadu |
These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Madurai for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0016240 for the Anaiyur branch of Canara Bank is vital.
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 Anaiyur, Madurai, Tamil Nadu, is provided a unique IFSC like CNRB0016240 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Canara Bank branch in Madurai.
- 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 Madurai and Anaiyur.
- 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 Anaiyur do not get misguided to another person.
Format of the IFSC Code CNRB0016240
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 Anaiyur in Madurai.
For example, the IFSC Code CNRB0016240 of Canara Bank for the Anaiyur branch includes these elements, identifying the bank and the branch location in Madurai and Tamil Nadu correctly.
How to Find IFSC Code for Canara Bank?
If you are looking for the IFSC Code CNRB0016240 of Canara Bank for its Anaiyur branch located in Madurai, 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 Madurai and Anaiyur, 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 Anaiyur or Madurai to get the exact IFSC Code CNRB0016240.
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 Madurai, then it will provide you proper information.
How to Use IFSC Code CNRB0016240 for Online Transfers?
Once you have the IFSC Code CNRB0016240 for the Anaiyur branch of Canara Bank in Madurai, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0016240. 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 CNRB0016240.
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 Anaiyur in Madurai, 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 Anaiyur, 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 Madurai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0016240.
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 No 1 A Hari Nivas Complex Pillayar Kovil Street Sasi Nagar Anaiyur Post Madurai 625017 Tamil Nadu located in Madurai, Anaiyur, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.