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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Central Bank Of India for its Deolgaon Mahi branch in Buldhana, Deulgaon Mahi, or Maharashtra, this guide will help you with all the details.

There have been major changes in the banking sector in India and today, the customers of Central Bank Of India located in Buldhana or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code CBIN0281718. 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, Deolgaon Mahi, Buldhana

Below in the table are the key details related to IFSC Code CBIN0281718 of Central Bank Of India for its branch located in Buldhana, within the district of Deulgaon Mahi in the state of Maharashtra.

Particulars Details
Bank Central Bank Of India
IFSC Code CBIN0281718
Branch Deolgaon Mahi
City Buldhana
District Deulgaon Mahi
State Maharashtra
Address Gram Panchayat Bhawan, Delogaon Mahi, Taluka - Chikhali, Dist-Buldhana, Maharashtra-443206

These details are crucial, not just for online banking users but also for businesses and individuals who use Central Bank Of India in Buldhana for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CBIN0281718 for the Deolgaon Mahi branch of Central Bank Of India has 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, along with Central Bank Of India located in Deolgaon Mahi, Buldhana, Maharashtra, are given a unique IFSC like CBIN0281718 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Buldhana.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents any kind of confusion between different branches of the same bank in places like Buldhana and Deulgaon Mahi.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It helps ensure that any money sent to Central Bank Of India in Deolgaon Mahi goes to the correct branch. This is important because Central Bank Of India has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code CBIN0281718

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 Deolgaon Mahi in Buldhana.

For example, the IFSC Code CBIN0281718 of Central Bank Of India for the Deolgaon Mahi branch includes these elements, identifying the bank and the branch location in Buldhana and Maharashtra correctly.

How to Find IFSC Code for Central Bank Of India?

To find the IFSC Code CBIN0281718 of Central Bank Of India for its Deolgaon Mahi branch located in Buldhana, 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 Buldhana and Deulgaon Mahi, 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 Deolgaon Mahi or Buldhana to find the exact IFSC Code CBIN0281718.

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 Buldhana will provide accurate information.

How to Use IFSC Code CBIN0281718 for Online Transfers?

Once you have the IFSC Code CBIN0281718 for the Deolgaon Mahi branch of Central Bank Of India in Buldhana, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code CBIN0281718. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.

RTGS

Used for high-value payments above ₹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 CBIN0281718.

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 Deolgaon Mahi in Buldhana, 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 Deolgaon Mahi, 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 Buldhana manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Central Bank Of India in Deolgaon Mahi, Buldhana?

The IFSC Code is CBIN0281718.

Is the IFSC Code CBIN0281718 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of Central Bank Of India Deolgaon Mahi?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Deolgaon Mahi branch?

The address of the branch is Gram Panchayat Bhawan, Delogaon Mahi, Taluka - Chikhali, Dist-Buldhana, Maharashtra-443206 located in Buldhana, Deulgaon Mahi, Maharashtra.

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.