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 Yavatmal Ii branch in Yavatmal, Yavatmal, Maharashtra, 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 Yavatmal or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code CNRB0015520. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Canara Bank, Yavatmal Ii, Yavatmal
Below in the table are the key details related to IFSC Code CNRB0015520 of Canara Bank for its branch located in Yavatmal, within the district of Yavatmal in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Canara Bank |
| IFSC Code | CNRB0015520 |
| Branch | Yavatmal Ii |
| City | Yavatmal |
| District | Yavatmal |
| State | Maharashtra |
| Address | 36 Chamediya Complex First Flr Sardar Chowk Yavatmal445001 |
These details are essential not only for online banking users but also for businesses and individuals who use Canara Bank in Yavatmal for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CNRB0015520 for the Yavatmal Ii branch of Canara Bank plays an 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, including Canara Bank located in Yavatmal Ii, Yavatmal, Maharashtra, is provided with a unique IFSC like CNRB0015520 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It uniquely identifies the Canara Bank branch in Yavatmal.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any errors or confusions between multiple branches of the same bank across different places like Yavatmal and Yavatmal.
- It reduces errors in fund transfers and improves accuracy.
- It allows sender banks to validate and confirm branch details before processing payments.
There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Canara Bank in Yavatmal Ii do not get mixed with another location.
Format of the IFSC Code CNRB0015520
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 Yavatmal Ii in Yavatmal.
For example, the IFSC Code CNRB0015520 of Canara Bank for the Yavatmal Ii branch includes these elements, identifying the bank and the branch location in Yavatmal and Maharashtra correctly.
How to Find IFSC Code for Canara Bank?
To find the IFSC Code CNRB0015520 of Canara Bank for its Yavatmal Ii branch located in Yavatmal, 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 Yavatmal and Yavatmal, 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 Yavatmal Ii or Yavatmal to find the exact IFSC Code CNRB0015520.
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 Yavatmal will provide accurate information.
How to Use IFSC Code CNRB0015520 for Online Transfers?
Once you have the IFSC Code CNRB0015520 for the Yavatmal Ii branch of Canara Bank in Yavatmal, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CNRB0015520. 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 CNRB0015520.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Canara Bank Yavatmal Ii in Yavatmal, your payment can get delayed or might not go through at all.
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 Yavatmal 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 Yavatmal manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CNRB0015520.
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 36 Chamediya Complex First Flr Sardar Chowk Yavatmal445001 located in Yavatmal, Yavatmal, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.