There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Central Bank Of India for its Umarkhed(Darati) branch in Yavatmal, Umarkhed, Maharashtra, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Central Bank Of India situated in Yavatmal or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code CBIN0282925. You should 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, Umarkhed(Darati), Yavatmal

Here are the key points that are associated with the IFSC Code CBIN0282925 of Central Bank Of India for its branch located in Yavatmal, within the district of Umarkhed in the state of Maharashtra.

Particulars Details
Bank Central Bank Of India
IFSC Code CBIN0282925
Branch Umarkhed(Darati)
City Yavatmal
District Umarkhed
State Maharashtra
Address Pattewar Complex,Ground Floor,Sanjay Gandhi Chowk,Umarkhed, Dist-Yeotmal, Maharashtra-445206

These details are important not only for users using online banking but also for businesses and individuals who use Central Bank Of India in Yavatmal for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CBIN0282925 for the Umarkhed(Darati) branch of Central Bank Of India is vital.

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, including Central Bank Of India located in Umarkhed(Darati), Yavatmal, Maharashtra, is provided with a unique IFSC like CBIN0282925 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Central Bank Of India branch in Yavatmal.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Yavatmal and Umarkhed.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Central Bank Of India in Umarkhed(Darati) do not get mixed with another location.

Format of the IFSC Code CBIN0282925

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): These represent the bank code. In Central Bank Of India, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Umarkhed(Darati) in Yavatmal.

For example, the IFSC Code CBIN0282925 of Central Bank Of India for the Umarkhed(Darati) branch has these elements, identifying the bank and the branch location in Yavatmal and Maharashtra correctly.

How to Find IFSC Code for Central Bank Of India?

To find the IFSC Code CBIN0282925 of Central Bank Of India for its Umarkhed(Darati) branch located in Yavatmal, 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 Yavatmal and Umarkhed, 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 Umarkhed(Darati) or Yavatmal to find the exact IFSC Code CBIN0282925.

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 Yavatmal will provide accurate information.

How to Use IFSC Code CBIN0282925 for Online Transfers?

Once you have the IFSC Code CBIN0282925 for the Umarkhed(Darati) branch of Central Bank Of India in Yavatmal, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code CBIN0282925. 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 CBIN0282925.

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 Umarkhed(Darati) in Yavatmal, 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 Umarkhed(Darati), here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Yavatmal to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Central Bank Of India Umarkhed(Darati) Yavatmal?

The IFSC Code of the Umarkhed(Darati) Yavatmal branch is CBIN0282925.

Is IFSC Code CBIN0282925 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 Umarkhed(Darati) branch?

The branch is located at Pattewar Complex,Ground Floor,Sanjay Gandhi Chowk,Umarkhed, Dist-Yeotmal, Maharashtra-445206.

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.