CANARA BANK SPL SME BRANCH MADURAI, MADURAI BRANCH IFSC CODE & MICR CODE - TAMIL NADU

IFSC Code	CNRB0002461
MICR Code	MICR not provided
Bank	CANARA BANK
Address	SME BRANCH,50,VMR COMPLEX,BYE PASS ROAD,VASANTHA NAGAR
District	MADURAI
State	TAMIL NADU
Branch	SPL SME BRANCH MADURAI
Phone number	2301610

More Canara Bank Branches in Madurai, Tamil Nadu

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Frequently Asked Questions

What is the IFSC Code for CANARA BANK SPL SME BRANCH MADURAI branch?−

The IFSC Code of SPL SME BRANCH MADURAI branch of CANARA BANK is CNRB0002461.

What is the address of the CANARA BANK SPL SME BRANCH MADURAI branch?+

What is the branch timing of the CANARA BANK SPL SME BRANCH MADURAI branch?+

What are the contact details of the CANARA BANK SPL SME BRANCH MADURAI branch?+

On which Saturdays does the CANARA BANK SPL SME BRANCH MADURAI branch remain closed?+

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Difference Between Branch Code, IFSC Code and MICR Code

The branch code is a unique identifier that helps distinguish one branch of a bank from another within the same network. It is typically a combination of numbers or letters assigned to each branch to facilitate easy identification and communication within the banking system. This code is important for internal record-keeping, customer service, and other administrative purposes within the bank.
On the other hand, the IFSC (Indian Financial System Code) is a crucial code used for electronic fund transfers in India. It is an alphanumeric code that consists of 11 characters and is assigned by the Reserve Bank of India to each bank branch participating in the NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) systems. The IFSC code helps ensure accurate routing of funds between banks and branches, thereby minimizing errors and delays in transactions.
Additionally, the MICR (Magnetic Ink Character Recognition) code is a technology used for authenticating banks on documents like cheques. It consists of a unique combination of numbers and characters printed in magnetic ink at the bottom of cheques to facilitate automated processing.
The MICR code helps in identifying the bank and branch where the cheque is drawn, ensuring secure and efficient cheque processing.
In summary, while the branch code helps identify specific bank branches within a network, the IFSC code is essential for electronic fund transfers, and the MICR code plays a vital role in authenticating banks on cheques for efficient processing. Together, these codes play a crucial role in ensuring smooth and secure financial transactions within the banking system.