IFSC code for Canara Bank, Nilayur, Madurai, Tamil nadu
Nilayur, Madurai, Tamil Nadu
1/38/1 All Ayyanar Koil Street, Om Sakthi Nagar Bus Stop, Nilayur, Madurai 625 005, Tamilnadu
IFSC Code of Canara Bank
Every Canara Bank branch in India has a unique Canara Bank IFSC Code. Canara Bank IFSC Code enables Canara Bank account holders to send and receive money electronically. Canara Bank IFSC Code is assigned by RBI (Reserve Bank of India) to each branch as it helps in carrying out RTGS and NEFT transactions smoothly.
Benefits of IFSC Code
Unique Identification: IFSC code helps in unique identification of all banks and their respective branches.
Smooth Fund Transfer: IFSC code enables convenient and hassle-free transfer of funds from one bank account to another.
Monitoring Transactions: IFSC code is used by RBI to keep track of all the bank transactions. It lowers the chances of discrepancy.