Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Central Bank Of India for its Adgaon(Bk) branch in Akola, Adgaon Bk, Maharashtra, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Central Bank Of India located in Akola or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code CBIN0281903. You should definitely know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Central Bank Of India, Adgaon(Bk), Akola

The table below shows the main details of the IFSC Code CBIN0281903 for the Central Bank Of India branch in Akola, which falls under the Adgaon Bk district in Maharashtra.

Particulars Details
Bank Central Bank Of India
IFSC Code CBIN0281903
Branch Adgaon(Bk)
City Akola
District Adgaon Bk
State Maharashtra
Address Gram Panchayat Bhawan,At & Po Adgaon Bk ,Tal Telhara,Dist Akola,Maharashtra 444 126

These details are essential not only for online banking users but also for businesses and individuals who use Central Bank Of India in Akola for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CBIN0281903 for the Adgaon(Bk) branch of Central Bank Of India plays an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Central Bank Of India located in Adgaon(Bk), Akola, Maharashtra, is provided with a unique IFSC like CBIN0281903 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Central Bank Of India branch in Akola.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Akola and Adgaon Bk.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Central Bank Of India in Adgaon(Bk) do not get mixed with another location.

Format of the IFSC Code CBIN0281903

This is the format of the IFSC Code for banks, including Central Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Central Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Adgaon(Bk) in Akola.

For example, the IFSC Code CBIN0281903 of Central Bank Of India for the Adgaon(Bk) branch includes these elements, identifying the bank and the branch location in Akola and Maharashtra accurately.

How to Find IFSC Code for Central Bank Of India?

If you are trying to find the IFSC Code CBIN0281903 of Central Bank Of India for its Adgaon(Bk) branch located in Akola, the following methods can help:

Cheque Book

The cheque book issued by Central Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Central Bank Of India branches in Akola and Adgaon Bk, print them on the first page of your passbook.

Bank Website

Visit the official website of Central Bank Of India and navigate to the branch locator section. Search for Adgaon(Bk) or Akola to get the exact IFSC Code CBIN0281903.

Mobile Banking App

If you use Central Bank Of India's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Central Bank Of India and Akola, you'll get the correct details.

How to Use IFSC Code CBIN0281903 for Online Transfers?

Once you have the IFSC Code CBIN0281903 for the Adgaon(Bk) branch of Central Bank Of India in Akola, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code CBIN0281903. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Central Bank Of India IFSC Code CBIN0281903.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Central Bank Of India Adgaon(Bk) in Akola, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Central Bank Of India in Adgaon(Bk), here are some ways that you can get it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official Central Bank Of India website.
  • Search the RBI portal.

If you know both IFSC and MICR codes, then it can help account holders in Akola manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Central Bank Of India Adgaon(Bk) Akola?

The IFSC Code of the Adgaon(Bk) Akola branch is CBIN0281903.

Is IFSC Code CBIN0281903 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Central Bank Of India Adgaon(Bk) branch?

The branch is located at Gram Panchayat Bhawan,At & Po Adgaon Bk ,Tal Telhara,Dist Akola,Maharashtra 444 126.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.