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 Tiruvedagam Ramakrishna Tapovanam branch in Madurai, Sholavandan, 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 CNRB0008629. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Tiruvedagam Ramakrishna Tapovanam, Madurai
Here are some of the key details that come with the IFSC Code CNRB0008629 of Canara Bank for its branch located in Madurai, within the district of Sholavandan in the state of Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0008629 |
| Branch | Tiruvedagam Ramakrishna Tapovanam |
| City | Madurai |
| District | Sholavandan |
| State | Tamil Nadu |
| Address | Canara Bank Vivekananda College Thiruvedagam West Sholavandan Tamil Nadu 624214 |
These details help 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 CNRB0008629 for the Tiruvedagam Ramakrishna Tapovanam branch of Canara Bank has a very important role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Canara Bank located in Tiruvedagam Ramakrishna Tapovanam, Madurai, Tamil Nadu, are given a unique IFSC like CNRB0008629 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Madurai.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Madurai and Sholavandan.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Canara Bank in Tiruvedagam Ramakrishna Tapovanam goes to the correct branch. This is important because Canara Bank has thousands of branches in Tamil Nadu and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code CNRB0008629
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 Tiruvedagam Ramakrishna Tapovanam in Madurai.
For example, the IFSC Code CNRB0008629 of Canara Bank for the Tiruvedagam Ramakrishna Tapovanam branch has 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 trying to find the IFSC Code CNRB0008629 of Canara Bank for its Tiruvedagam Ramakrishna Tapovanam branch located in Madurai, 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 Madurai and Sholavandan, 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 Tiruvedagam Ramakrishna Tapovanam or Madurai to get the exact IFSC Code CNRB0008629.
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 Madurai that will provide accurate information.
How to Use IFSC Code CNRB0008629 for Online Transfers?
Once you have the IFSC Code CNRB0008629 for the Tiruvedagam Ramakrishna Tapovanam branch of Canara Bank in Madurai, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0008629. 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 CNRB0008629.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Tiruvedagam Ramakrishna Tapovanam in Madurai, 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 Tiruvedagam Ramakrishna Tapovanam, 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 CNRB0008629.
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 Canara Bank Vivekananda College Thiruvedagam West Sholavandan Tamil Nadu 624214 located in Madurai, Sholavandan, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.