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 Masaurhi branch in Patna, Masaurhi, or Bihar, 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 Patna or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code CBIN0284349. 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, Masaurhi, Patna

Here are some of the key details that come with the IFSC Code CBIN0284349 of Central Bank Of India for its branch located in Patna, within the district of Masaurhi in the state of Bihar.

Particulars Details
Bank Central Bank Of India
IFSC Code CBIN0284349
Branch Masaurhi
City Patna
District Masaurhi
State Bihar
Address Main Road, Masuarhi, Opp. Masuarhi Police Station, Masuarahi Po, Patna, Patna Pin 804452

These details helps users in online banking and for businesses and individuals who use Central Bank Of India in Patna for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CBIN0284349 for the Masaurhi 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, along with Central Bank Of India located in Masaurhi, Patna, Bihar, are given a unique IFSC like CBIN0284349 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Patna.
  • 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 Patna and Masaurhi.
  • 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 Masaurhi goes to the correct branch. This is important because Central Bank Of India has thousands of branches in Bihar and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code CBIN0284349

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 Masaurhi in Patna.

For example, the IFSC Code CBIN0284349 of Central Bank Of India for the Masaurhi branch includes these elements, identifying the bank and the branch location in Patna and Bihar correctly.

How to Find IFSC Code for Central Bank Of India?

If you are looking for the IFSC Code CBIN0284349 of Central Bank Of India for its Masaurhi branch located in Patna, the following methods can help:

Cheque Book

The cheque book that is issued by Central Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.

Passbook

Most of the banks, including Central Bank Of India branches in Patna and Masaurhi, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

You can visit the official website of Central Bank Of India and look for the branch locator section, then search for Masaurhi or Patna to get the exact IFSC Code CBIN0284349.

Mobile Banking App

If you use Central Bank Of India's mobile app, you can check your account details to easily find your branch's IFSC code.

RBI Website

The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for Central Bank Of India and Patna, then it will provide you proper information.

How to Use IFSC Code CBIN0284349 for Online Transfers?

Once you have the IFSC Code CBIN0284349 for the Masaurhi branch of Central Bank Of India in Patna, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CBIN0284349. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Central Bank Of India IFSC Code CBIN0284349.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Central Bank Of India Masaurhi in Patna, it can 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 Masaurhi, 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 Patna manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Central Bank Of India Masaurhi Patna?

The IFSC Code of the Masaurhi Patna branch is CBIN0284349.

Is IFSC Code CBIN0284349 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 Masaurhi branch?

The branch is located at Main Road, Masuarhi, Opp. Masuarhi Police Station, Masuarahi Po, Patna, Patna Pin 804452.

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.