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 Sri Aurobindo Medical Science branch in Indore, Simrol, Madhya Pradesh, 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 Indore or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code CBIN0284707. 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, Sri Aurobindo Medical Science, Indore

Below in the table are the key details related to IFSC Code CBIN0284707 of Central Bank Of India for its branch located in Indore, within the district of Simrol in the state of Madhya Pradesh.

Particulars Details
Bank Central Bank Of India
IFSC Code CBIN0284707
Branch Sri Aurobindo Medical Science
City Indore
District Simrol
State Madhya Pradesh
Address Village Bhanwarsala,Tehsil Sanwer,City Indore,Madhya Pradesh 453555

These details helps users in online banking and for businesses and individuals who use Central Bank Of India in Indore for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CBIN0284707 for the Sri Aurobindo Medical Science 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Central Bank Of India located in Sri Aurobindo Medical Science, Indore, Madhya Pradesh, is provided with a unique IFSC like CBIN0284707 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 Indore.
  • 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 Indore and Simrol.
  • 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 Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Central Bank Of India in Sri Aurobindo Medical Science do not get mixed with another location.

Format of the IFSC Code CBIN0284707

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 Sri Aurobindo Medical Science in Indore.

For example, the IFSC Code CBIN0284707 of Central Bank Of India for the Sri Aurobindo Medical Science branch includes these elements, identifying the bank and the branch location in Indore and Madhya Pradesh accurately.

How to Find IFSC Code for Central Bank Of India?

If you are trying to find the IFSC Code CBIN0284707 of Central Bank Of India for its Sri Aurobindo Medical Science branch located in Indore, 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 Indore and Simrol, 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 Sri Aurobindo Medical Science or Indore to get the exact IFSC Code CBIN0284707.

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 Indore, you'll get the correct details.

How to Use IFSC Code CBIN0284707 for Online Transfers?

Once you have the IFSC Code CBIN0284707 for the Sri Aurobindo Medical Science branch of Central Bank Of India in Indore, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CBIN0284707. Transfers are processed in batches. This is suitable for 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 CBIN0284707.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Central Bank Of India Sri Aurobindo Medical Science in Indore may result in delayed or failed transactions.

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 Sri Aurobindo Medical Science, 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 Indore manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Central Bank Of India Sri Aurobindo Medical Science Indore?

The IFSC Code of the Sri Aurobindo Medical Science Indore branch is CBIN0284707.

Is IFSC Code CBIN0284707 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 Sri Aurobindo Medical Science branch?

The branch is located at Village Bhanwarsala,Tehsil Sanwer,City Indore,Madhya Pradesh 453555.

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.