The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Canara Bank for its Specialised Sme Branch Sivakasi branch in Virudhunagar, Sivakasi, Tamil Nadu, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Canara Bank located in Virudhunagar or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code CNRB0016431. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Canara Bank, Specialised Sme Branch Sivakasi, Virudhunagar
The table below shows the main details of the IFSC Code CNRB0016431 for the Canara Bank branch in Virudhunagar, which falls under the Sivakasi district in Tamil Nadu.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0016431 |
| Branch | Specialised Sme Branch Sivakasi |
| City | Virudhunagar |
| District | Sivakasi |
| State | Tamil Nadu |
| Address | 8Npsnarumugamroadsivakasi626123Virudhunagardisttamilnadu |
These details helps users in online banking and for businesses and individuals who use Canara Bank in Virudhunagar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0016431 for the Specialised Sme Branch Sivakasi 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 provided by the Reserve Bank of India. Every bank branch, along with Canara Bank located in Specialised Sme Branch Sivakasi, Virudhunagar, Tamil Nadu, are allotted a unique IFSC like CNRB0016431 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Virudhunagar.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Virudhunagar and Sivakasi.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It makes sure that money sent to Canara Bank in Specialised Sme Branch Sivakasi reaches the right place, even though there are thousands of branches in Tamil Nadu and across India.
Format of the IFSC Code CNRB0016431
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 Specialised Sme Branch Sivakasi in Virudhunagar.
For example, the IFSC Code CNRB0016431 of Canara Bank for the Specialised Sme Branch Sivakasi branch includes these elements, identifying the bank and the branch location in Virudhunagar and Tamil Nadu correctly.
How to Find IFSC Code for Canara Bank?
If you are trying to find the IFSC Code CNRB0016431 of Canara Bank for its Specialised Sme Branch Sivakasi branch located in Virudhunagar, 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 Virudhunagar and Sivakasi, 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 Specialised Sme Branch Sivakasi or Virudhunagar to get the exact IFSC Code CNRB0016431.
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 Virudhunagar that will provide accurate information.
How to Use IFSC Code CNRB0016431 for Online Transfers?
Once you have the IFSC Code CNRB0016431 for the Specialised Sme Branch Sivakasi branch of Canara Bank in Virudhunagar, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0016431. 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 CNRB0016431.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Specialised Sme Branch Sivakasi in Virudhunagar, 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 Specialised Sme Branch Sivakasi, 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 Virudhunagar to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0016431.
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 8Npsnarumugamroadsivakasi626123Virudhunagardisttamilnadu located in Virudhunagar, Sivakasi, Tamil Nadu.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.