What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Canara Bank Olavakkode Palakkad Branch IFSC/MICR Code Details
Bank Name CANARA BANK
Address CANARA BANK 368 MANGALY TOWERS PALAKKAD KERALA 123
State KERALA
District PALAKKAD
Branch OLAVAKKODE
IFSC Code CNRB0005779
Branch Code 005779 (Last six characters of IFSC code represent Branch code.)
MICR Code 678015009
Contact Phone 2554072
via https://bankingzone.in/ifsc

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