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 Suramangalam Ii branch in Salem, Taramangalam, Tamil Nadu, 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 Salem or anywhere in Tamil Nadu can easily transfer funds instantly by using the correct IFSC Code CNRB0016293. 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, Suramangalam Ii, Salem

Here are some of the key details that come with the IFSC Code CNRB0016293 of Canara Bank for its branch located in Salem, within the district of Taramangalam in the state of Tamil Nadu.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0016293
Branch Suramangalam Ii
City Salem
District Taramangalam
State Tamil Nadu
Address 263 Tharamangalam Main Rd Old Suramangalam Salem 636005

These details are important not only for users using online banking but also for businesses and individuals who use Canara Bank in Salem for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CNRB0016293 for the Suramangalam Ii branch of Canara Bank is vital.

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 Suramangalam Ii, Salem, Tamil Nadu, are given a unique IFSC like CNRB0016293 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Salem.
  • 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 Salem and Taramangalam.
  • 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 Suramangalam Ii 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 CNRB0016293

The format of the IFSC Code for banks, including Canara Bank, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Canara Bank, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Suramangalam Ii in Salem.

For example, the IFSC Code CNRB0016293 of Canara Bank for the Suramangalam Ii branch includes these elements, identifying the bank and the branch location in Salem and Tamil Nadu accurately.

How to Find IFSC Code for Canara Bank?

To find the IFSC Code CNRB0016293 of Canara Bank for its Suramangalam Ii branch located in Salem, 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 Salem and Taramangalam, 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 Suramangalam Ii or Salem to find the exact IFSC Code CNRB0016293.

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 Salem will provide accurate information.

How to Use IFSC Code CNRB0016293 for Online Transfers?

Once you have the IFSC Code CNRB0016293 for the Suramangalam Ii branch of Canara Bank in Salem, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0016293. 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 CNRB0016293.

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 Suramangalam Ii in Salem, it can 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 Suramangalam Ii, 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 Salem manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank in Suramangalam Ii, Salem?

The IFSC Code is CNRB0016293.

Is the IFSC Code CNRB0016293 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Canara Bank Suramangalam Ii?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Suramangalam Ii branch?

The address of the branch is 263 Tharamangalam Main Rd Old Suramangalam Salem 636005 located in Salem, Taramangalam, Tamil Nadu.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.