The IFSC Code of Central Bank of India (CBI) is a set of 11 characters, a combination of both alphabets and numbers. This IFSC Code is different for every Central Bank of India branch. This code is designed by the Reserve Bank of India for all the private and public sector banks for smooth financial transactions.
Central Bank of India (CBI) IFSC Code Format
Central Bank of India IFSC Code is an 11 character alphanumeric code. The first 4 characters represent the name of the bank; the fifth character is ‘0’ while the last 6 characters denote the branch of the particular bank.
|Central Bank of India Code||Zero||Central Bank of India's Branch code|
The IFSC Code of Central Bank of India's Dwarka Branch is CBIN0283583 –
- In IFSC Code of Central Bank of India, the first 4 characters (CBIN) stand for the ‘Bank Name’
- The fifth character is ‘0’ which is the same for all banks
- The last 6 characters (283583) stand for the Central Bank of India ‘Branch Code’
How does Central Bank of India IFSC Code work?
When someone needs to transfer funds to a particular payee of Central Bank of India, one is required to provide details such as the name of the payee, account number, IFSC code of the receiving branch of Central Bank of India, and the amount.
Once these details are available, the fund transfer can be initiated. The IFSC code helps here in identifying the correct Central Bank of India's branch of the beneficiary'bank account.
How to search Central Bank of India IFSC Code & MICR Code?
Bank customers can search for Central Bank of India IFSC Code & MICR Code through the following ways:
1. PaisaBazaar's IFSC Code Search Tool
Account holders can search for these financial codes by using online IFSC Search Tool offered by Paisabazaar by following the steps mentioned below:
- Find the IFSC code finder tool at the top of this page.
- The default selected name of the bank is Central Bank of India, it can be changed if required.
- Enter the essential information like state and city names.
- Select the bank branch to check its IFSC and MICR Codes.
Central Bank of India customers can also search IFSC and MICR Codes for their bank's branch on the following platforms:
2. Central Bank of India Cheque Book
Central Bank of India IFSC code is mentioned at the top of the cheque whereas Cheque number and MICR code is present at the bottom of the cheque.
3. Central Bank of India Passbook
The bank cusotmers can also find the IFSC Code on their account passbook provided by the bank. Alternatively, customers can go to Reserve Bank of India’s website to check their IFSC Code of Central Bank of India.
4. Central Bank of India Net Banking / Mobile Banking Application
Account holders can also find these financial transactional codes on the bank's mobile banking application and net banking portal provided by the bank.
How to Make Fund Transfer using Central Bank of India IFSC Code?
Bank customers can transfer funds via below-mentioned modes:
National Electronic Fund Transfer (NEFT) is a nation-wide payment system that allows the transfer of funds from one bank’s account to another. Central Bank of India allows both account holder as well as non-account holders to use its NEFT service. However, IFSC Code is mandatory for NEFT transactions.
Under Real Time Gross Settlement (RTGS), the beneficiary bank gets transfer instructions immediately. The settlement is gross, meaning that each transaction takes place individually.
Immediate Payment Services (IMPS), an instant payment inter-bank electronic funds transfer system in India. In order to send money the sender needs to provide beneficiary’s account no, account type, Central Bank of India IFSC Code and beneficiary’s name.
About Central Bank of India
The Central Bank of India was established in 1911 as a fully owned Indian bank by Sir Sorabji Pochkhanawala. It has a network of 4659 branches, 1 extension counters, along with 10 satellite offices at various centres throughout the country. The bank offers all types of banking facilities to individuals whether it is loans or deposits.