The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Central Bank Of India for its Baihar (Hirapur) branch in Balaghat, Hirapur, Madhya Pradesh, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of Central Bank Of India located in Balaghat or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code CBIN0282041. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for Central Bank Of India, Baihar (Hirapur), Balaghat
Below in the table are the key details related to IFSC Code CBIN0282041 of Central Bank Of India for its branch located in Balaghat, within the district of Hirapur in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | Central Bank Of India |
| IFSC Code | CBIN0282041 |
| Branch | Baihar (Hirapur) |
| City | Balaghat |
| District | Hirapur |
| State | Madhya Pradesh |
| Address | P.O. Baijar, Dist-Balaghat, Madhya Pradesh-481111 |
These details helps users in online banking and for businesses and individuals who use Central Bank Of India in Balaghat for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CBIN0282041 for the Baihar (Hirapur) branch of Central Bank Of India plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Central Bank Of India located in Baihar (Hirapur), Balaghat, Madhya Pradesh, is provided a unique IFSC like CBIN0282041 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Central Bank Of India branch in Balaghat.
- Helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any confusions between multiple branches of the same bank across different places like Balaghat and Hirapur.
- It reduces most of the errors in fund transfers and makes sure its accuracy.
- It enables sender banks to validate and confirm branch details before processing payments.
For thousands of branches across Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Central Bank Of India in Baihar (Hirapur) do not get misguided to another person.
Format of the IFSC Code CBIN0282041
The format of the IFSC Code for banks, including Central Bank Of India, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Central Bank Of India, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Baihar (Hirapur) in Balaghat.
For example, the IFSC Code CBIN0282041 of Central Bank Of India for the Baihar (Hirapur) branch includes these elements, identifying the bank and the branch location in Balaghat and Madhya Pradesh correctly.
How to Find IFSC Code for Central Bank Of India?
To find the IFSC Code CBIN0282041 of Central Bank Of India for its Baihar (Hirapur) branch located in Balaghat, the following methods can help you out:
Cheque Book
The cheque book issued by Central Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.
Passbook
Most banks, including Central Bank Of India branches in Balaghat and Hirapur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Central Bank Of India and go to the branch locator section. Then search for Baihar (Hirapur) or Balaghat to find the exact IFSC Code CBIN0282041.
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 maintains an updated database of all IFSC codes. Searching for Central Bank Of India and Balaghat will provide accurate information.
How to Use IFSC Code CBIN0282041 for Online Transfers?
Once you have the IFSC Code CBIN0282041 for the Baihar (Hirapur) branch of Central Bank Of India in Balaghat, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CBIN0282041. 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 CBIN0282041.
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 Baihar (Hirapur) in Balaghat, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Central Bank Of India in Baihar (Hirapur), here are some of the ways 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.
Knowing both IFSC and MICR code can help account holders in Balaghat manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is CBIN0282041.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is P.O. Baijar, Dist-Balaghat, Madhya Pradesh-481111 located in Balaghat, Hirapur, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.