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 Shankar Seth Road branch in Pune, Pune, Maharashtra, 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 Pune or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code CBIN0280660. 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, Shankar Seth Road, Pune

Here are the main details that are associated with the IFSC Code CBIN0280660 of Central Bank Of India for its branch located in Pune, within the district of Pune in the state of Maharashtra.

Particulars Details
Bank Central Bank Of India
IFSC Code CBIN0280660
Branch Shankar Seth Road
City Pune
District Pune
State Maharashtra
Address Shankarshet Road Branch Mani Ratna,37/2, Shankarshet Road,Pune. 411 037.

These details are crucial, not just for online banking users but also for businesses and individuals who use Central Bank Of India in Pune for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CBIN0280660 for the Shankar Seth Road 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 Shankar Seth Road, Pune, Maharashtra, are allotted a unique IFSC like CBIN0280660 to ensure that online payments reach the right destination.

The IFSC Code is important because:

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

It makes sure that money sent to Central Bank Of India in Shankar Seth Road reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code CBIN0280660

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 Shankar Seth Road in Pune.

For example, the IFSC Code CBIN0280660 of Central Bank Of India for the Shankar Seth Road branch includes these elements, identifying the bank and the branch location in Pune and Maharashtra accurately.

How to Find IFSC Code for Central Bank Of India?

To find the IFSC Code CBIN0280660 of Central Bank Of India for its Shankar Seth Road branch located in Pune, 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 Pune and Pune, 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 Shankar Seth Road or Pune to find the exact IFSC Code CBIN0280660.

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 Pune will provide accurate information.

How to Use IFSC Code CBIN0280660 for Online Transfers?

If you have the IFSC Code CBIN0280660 for the Shankar Seth Road branch of Central Bank Of India in Pune, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CBIN0280660. Transfers are processed in batches. 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. Asks for the recipient's account details and Central Bank Of India IFSC Code CBIN0280660.

Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Central Bank Of India Shankar Seth Road in Pune, it may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Central Bank Of India in Shankar Seth Road, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official Central Bank Of India website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Pune manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Central Bank Of India in Shankar Seth Road, Pune?

The IFSC Code is CBIN0280660.

Is the IFSC Code CBIN0280660 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 Shankar Seth Road?

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 Shankar Seth Road branch?

The address of the branch is Shankarshet Road Branch Mani Ratna,37/2, Shankarshet Road,Pune. 411 037. located in Pune, Pune, 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.

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