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 Marutadi branch in Kollam, Kavannad, Kerala, 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 Kollam or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code CBIN0282613. 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, Marutadi, Kollam

Here are some of the key details that come with the IFSC Code CBIN0282613 of Central Bank Of India for its branch located in Kollam, within the district of Kavannad in the state of Kerala.

Particulars Details
Bank Central Bank Of India
IFSC Code CBIN0282613
Branch Marutadi
City Kollam
District Kavannad
State Kerala
Address Sheeja Bhavan, New Vasvpillai Jn., Marutadi, P.O. Kavanadu,Dist-Kolam,Kerala-691003

These details are essential not only for online banking users but also for businesses and individuals who use Central Bank Of India in Kollam for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CBIN0282613 for the Marutadi 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Central Bank Of India located in Marutadi, Kollam, Kerala, is provided a unique IFSC like CBIN0282613 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 Kollam.
  • 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 Kollam and Kavannad.
  • 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 Kerala and the rest of India, the IFSC Code ensures that transactions meant for Central Bank Of India in Marutadi do not get misguided to another person.

Format of the IFSC Code CBIN0282613

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 Marutadi in Kollam.

For example, the IFSC Code CBIN0282613 of Central Bank Of India for the Marutadi branch includes these elements, identifying the bank and the branch location in Kollam and Kerala correctly.

How to Find IFSC Code for Central Bank Of India?

If you are trying to find the IFSC Code CBIN0282613 of Central Bank Of India for its Marutadi branch located in Kollam, 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

Most banks, including Central Bank Of India branches in Kollam and Kavannad, print the IFSC and MICR codes 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 Marutadi or Kollam to get the exact IFSC Code CBIN0282613.

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 Kollam, you'll get the correct details.

How to Use IFSC Code CBIN0282613 for Online Transfers?

Once you have the IFSC Code CBIN0282613 for the Marutadi branch of Central Bank Of India in Kollam, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code CBIN0282613. 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 CBIN0282613.

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 Marutadi in Kollam, 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 Marutadi, 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 Kollam manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Central Bank Of India Marutadi Kollam?

The IFSC Code of the Marutadi Kollam branch is CBIN0282613.

Is IFSC Code CBIN0282613 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 Marutadi branch?

The branch is located at Sheeja Bhavan, New Vasvpillai Jn., Marutadi, P.O. Kavanadu,Dist-Kolam,Kerala-691003.

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.