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 Parmanandpur branch in Varanasi, Varanasi, Uttar Pradesh, 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 Varanasi or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code CBIN0284648. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Central Bank Of India, Parmanandpur, Varanasi
Below in the table are the key details related to IFSC Code CBIN0284648 of Central Bank Of India for its branch located in Varanasi, within the district of Varanasi in the state of Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | Central Bank Of India |
| IFSC Code | CBIN0284648 |
| Branch | Parmanandpur |
| City | Varanasi |
| District | Varanasi |
| State | Uttar Pradesh |
| Address | Sri Agrasen Kanya Pg College Parmanadpur,Shivpur Dist Varanasi Uttar Pradesh 221003 |
These details are important not only for users using online banking but also for businesses and individuals who use Central Bank Of India in Varanasi for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CBIN0284648 for the Parmanandpur branch of Central Bank Of India is vital.
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 Parmanandpur, Varanasi, Uttar Pradesh, is provided a unique IFSC like CBIN0284648 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 Varanasi.
- 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 Varanasi and Varanasi.
- 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 Uttar Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Central Bank Of India in Parmanandpur do not get misguided to another person.
Format of the IFSC Code CBIN0284648
The format of the IFSC Code for banks, including Central Bank Of India, follows 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 Parmanandpur in Varanasi.
For example, the IFSC Code CBIN0284648 of Central Bank Of India for the Parmanandpur branch includes these elements, identifying the bank and the branch location in Varanasi and Uttar Pradesh accurately.
How to Find IFSC Code for Central Bank Of India?
If you are looking for the IFSC Code CBIN0284648 of Central Bank Of India for its Parmanandpur branch located in Varanasi, 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 Varanasi and Varanasi, 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 Parmanandpur or Varanasi to get the exact IFSC Code CBIN0284648.
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 Varanasi, then it will provide you proper information.
How to Use IFSC Code CBIN0284648 for Online Transfers?
Once you have the IFSC Code CBIN0284648 for the Parmanandpur branch of Central Bank Of India in Varanasi, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code CBIN0284648. 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 CBIN0284648.
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 Parmanandpur in Varanasi, 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 Parmanandpur, 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 Varanasi manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CBIN0284648.
Yes, but there can be changes during mergers or restructuring.
No, MICR is for cheque clearing and the IFSC is for online transfers.
You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Sri Agrasen Kanya Pg College Parmanadpur,Shivpur Dist Varanasi Uttar Pradesh 221003 located in Varanasi, Varanasi, Uttar Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.