CANARA BANK RTGS HO Branch in SALEM - Address, IFSC, MICR Code
CSI BUILDING FORT MAIN ROAD SALEM TAMIL NADU 636 001City
What is IFSC Code of CANARA BANK situated at MCB SALEM- RTGS-HO?
IFSC Code of CANARA BANK situated at MCB SALEM - RTGS-HO is
What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.
What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.