There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Central Bank Of India for its Vikhran branch in Dhule, Vikhran, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Central Bank Of India situated in Dhule or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code CBIN0281950. You should 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, Vikhran, Dhule

Below in the table are the key details related to IFSC Code CBIN0281950 of Central Bank Of India for its branch located in Dhule, within the district of Vikhran in the state of Maharashtra.

Particulars Details
Bank Central Bank Of India
IFSC Code CBIN0281950
Branch Vikhran
City Dhule
District Vikhran
State Maharashtra
Address Post Vikhran, Taluka - Shirpur, Dist- Dhule, Maharashtra-425405

These details are essential not only for online banking users but also for businesses and individuals who use Central Bank Of India in Dhule for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CBIN0281950 for the Vikhran 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 Vikhran, Dhule, Maharashtra, is provided with a unique IFSC like CBIN0281950 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 Dhule.
  • 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 Dhule and Vikhran.
  • 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 Vikhran do not get mixed with another location.

Format of the IFSC Code CBIN0281950

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

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For Central Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Vikhran in Dhule.

For example, the IFSC Code CBIN0281950 of Central Bank Of India for the Vikhran branch includes these elements, identifying the bank and the branch location in Dhule and Maharashtra accurately.

How to Find IFSC Code for Central Bank Of India?

If you are trying to find the IFSC Code CBIN0281950 of Central Bank Of India for its Vikhran branch located in Dhule, 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 Dhule and Vikhran, 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 Vikhran or Dhule to get the exact IFSC Code CBIN0281950.

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 Dhule, you'll get the correct details.

How to Use IFSC Code CBIN0281950 for Online Transfers?

Once you have the IFSC Code CBIN0281950 for the Vikhran branch of Central Bank Of India in Dhule, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code CBIN0281950. 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 CBIN0281950.

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 Vikhran in Dhule, 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 Vikhran, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Dhule to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Central Bank Of India in Vikhran, Dhule?

The IFSC Code is CBIN0281950.

Is the IFSC Code CBIN0281950 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 Vikhran?

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 Vikhran branch?

The address of the branch is Post Vikhran, Taluka - Shirpur, Dist- Dhule, Maharashtra-425405 located in Dhule, Vikhran, 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.