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 Sivarakottai branch in Madurai, Tirumangalam, Tamil Nadu, 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 Madurai or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code CNRB0008714. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Sivarakottai, Madurai
The table below shows the main details of the IFSC Code CNRB0008714 for the Canara Bank branch in Madurai, which falls under the Tirumangalam district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0008714 |
| Branch | Sivarakottai |
| City | Madurai |
| District | Tirumangalam |
| State | Tamil Nadu |
| Address | 3/137 S.P. Natham Road, Sivarakottai 625706 |
These details helps users in online banking and for businesses and individuals who use Canara Bank in Madurai for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0008714 for the Sivarakottai branch of Canara Bank plays a vital 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 CNRB0008714 is given to every bank branch, including Canara Bank located in Sivarakottai, Madurai, Tamil Nadu, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Madurai.
- 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 Madurai and Tirumangalam.
- 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 Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for Canara Bank in Sivarakottai doesn't end up at another location.
Format of the IFSC Code CNRB0008714
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 Sivarakottai in Madurai.
For example, the IFSC Code CNRB0008714 of Canara Bank for the Sivarakottai branch includes these elements, identifying the bank and the branch location in Madurai and Tamil Nadu accurately.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0008714 of Canara Bank for its Sivarakottai branch located in Madurai, the following methods can help you out:
Cheque Book
The cheque book issued by Canara Bank includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Canara Bank branches in Madurai and Tirumangalam, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Canara Bank and go to the branch locator section. Then search for Sivarakottai or Madurai to find the exact IFSC Code CNRB0008714.
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 maintains an updated database of all IFSC codes. Searching for Canara Bank and Madurai will provide accurate information.
How to Use IFSC Code CNRB0008714 for Online Transfers?
Once you have the IFSC Code CNRB0008714 for the Sivarakottai branch of Canara Bank in Madurai, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CNRB0008714. 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 CNRB0008714.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Canara Bank Sivarakottai in Madurai may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Canara Bank in Sivarakottai, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Canara Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Madurai manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0008714.
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 3/137 S.P. Natham Road, Sivarakottai 625706 located in Madurai, Tirumangalam, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.