For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Central Bank Of India for its Paramkudi branch in Ramanathapuram, Paramkudi, Tamil Nadu, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Central Bank Of India located in Ramanathapuram or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code CBIN0285156. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Central Bank Of India, Paramkudi, Ramanathapuram

The table below shows the main details of the IFSC Code CBIN0285156 for the Central Bank Of India branch in Ramanathapuram, which falls under the Paramkudi district in Tamil Nadu.

Particulars Details
Bank Central Bank Of India
IFSC Code CBIN0285156
Branch Paramkudi
City Ramanathapuram
District Paramkudi
State Tamil Nadu
Address D No. 3/105/B3 Madurai Main Road , 6Th Street,Thirunagar,Near By Sidco & Mani Nagar Bus Stop

These details are essential not only for online banking users but also for businesses and individuals who use Central Bank Of India in Ramanathapuram for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CBIN0285156 for the Paramkudi 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 that is provided by the Reserve Bank of India. A unique IFSC like CBIN0285156 is given to every bank branch, including Central Bank Of India located in Paramkudi, Ramanathapuram, Tamil Nadu, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Central Bank Of India branch in Ramanathapuram.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Ramanathapuram and Paramkudi.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Tamil Nadu and the rest of India, which is why the IFSC Code ensures that transactions meant for Central Bank Of India in Paramkudi doesn't end up at another location.

Format of the IFSC Code CBIN0285156

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

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Central Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Paramkudi in Ramanathapuram.

For example, the IFSC Code CBIN0285156 of Central Bank Of India for the Paramkudi branch includes these elements, identifying the bank and the branch location in Ramanathapuram and Tamil Nadu accurately.

How to Find IFSC Code for Central Bank Of India?

If you are trying to find the IFSC Code CBIN0285156 of Central Bank Of India for its Paramkudi branch located in Ramanathapuram, 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 Ramanathapuram and Paramkudi, 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 Paramkudi or Ramanathapuram to get the exact IFSC Code CBIN0285156.

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 Ramanathapuram, you'll get the correct details.

How to Use IFSC Code CBIN0285156 for Online Transfers?

Once you have the IFSC Code CBIN0285156 for the Paramkudi branch of Central Bank Of India in Ramanathapuram, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CBIN0285156. 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 CBIN0285156.

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 Paramkudi in Ramanathapuram may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Central Bank Of India in Paramkudi, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Ramanathapuram manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Central Bank Of India in Paramkudi, Ramanathapuram?

The IFSC Code is CBIN0285156.

Is the IFSC Code CBIN0285156 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 Paramkudi?

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 Paramkudi branch?

The address of the branch is D No. 3/105/B3 Madurai Main Road , 6Th Street,Thirunagar,Near By Sidco & Mani Nagar Bus Stop located in Ramanathapuram, Paramkudi, Tamil Nadu.

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.