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 Parassala branch in Thiruvananthapuram, Parassala, Kerala, 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 Thiruvananthapuram or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code CNRB0003580. 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, Parassala, Thiruvananthapuram

The table below shows the main details of the IFSC Code CNRB0003580 for the Canara Bank branch in Thiruvananthapuram, which falls under the Parassala district in Kerala.

Particulars Details
Bank Canara Bank
IFSC Code CNRB0003580
Branch Parassala
City Thiruvananthapuram
District Parassala
State Kerala
Address Canara Bank,Sivashakthi Commercial Complex,Pavathiyan Vila,Parassala -695 502 Dist Trivandrum Kerala

These details helps users in online banking and for businesses and individuals who use Canara Bank in Thiruvananthapuram for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0003580 for the Parassala 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 CNRB0003580 is given to every bank branch, including Canara Bank located in Parassala, Thiruvananthapuram, 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 Thiruvananthapuram.
  • 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 Thiruvananthapuram and Parassala.
  • 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 Parassala doesn't end up at another location.

Format of the IFSC Code CNRB0003580

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 Parassala in Thiruvananthapuram.

For example, the IFSC Code CNRB0003580 of Canara Bank for the Parassala branch includes these elements, identifying the bank and the branch location in Thiruvananthapuram and Kerala accurately.

How to Find IFSC Code for Canara Bank?

If you are trying to find the IFSC Code CNRB0003580 of Canara Bank for its Parassala branch located in Thiruvananthapuram, the following methods can help:

Cheque Book

The cheque book issued by Canara Bank includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Canara Bank branches in Thiruvananthapuram and Parassala, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Canara Bank and navigate to the branch locator section. Search for Parassala or Thiruvananthapuram to get the exact IFSC Code CNRB0003580.

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 keeps an updated list of all IFSC codes. If you search for Canara Bank and Thiruvananthapuram, you'll get the correct details.

How to Use IFSC Code CNRB0003580 for Online Transfers?

If you have the IFSC Code CNRB0003580 for the Parassala branch of Canara Bank in Thiruvananthapuram, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CNRB0003580. Transfers are processed in batches. 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. Asks for the recipient's account details and Canara Bank IFSC Code CNRB0003580.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Canara Bank Parassala in Thiruvananthapuram, it 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 Parassala, 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 Thiruvananthapuram to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Canara Bank Parassala Thiruvananthapuram?

The IFSC Code of the Parassala Thiruvananthapuram branch is CNRB0003580.

Is IFSC Code CNRB0003580 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Canara Bank Parassala branch?

The branch is located at Canara Bank,Sivashakthi Commercial Complex,Pavathiyan Vila,Parassala -695 502 Dist Trivandrum Kerala.

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.