CENTRAL BANK OF India IFSC AND MICR CODE
In current time online transaction is one of the most efficient and quickest online process that resolve the lengthy time consuming process of traditional system. As we know that online transaction availed by RBI to customers that makes one to other account within same bank and in other banks too, it not only save valuable time of customers but their effort too. To make things simple and secure rbi brings the concept of ifsc code and micr code. These concepts makes network related process much robust and banks are implementing this concept as per guideline of RBI.
The IFSC is an 11 character alphanumeric code which can be divided into three sections. The initial 4 characters speak to the name of the bank, the fifth character is constantly zero and held for sometime later while the last 6 characters are typically numeric, however may likewise be alphanumeric and signify the branch of the specific bank. For instance, the Central Bank of India IFSC code for Bhopal branch situated in Madhya pradesh is 'CBIN0283343'. Here, the initial 4 characters "CBIN" speak to the name of the bank; the fifth character is zero and the last 6 characters '283343'represent the branch which is situated in GULMOHAR BHOPAL, Madhya Pradesh.
Bank was introduced in the year 1911, Central Bank of India is one of the country's most valuable and biggest businesses managing an account related facility. Situated in Mumbai, the bank works through an across the board system of more than 4500 branches and 6000 ATMs. The bank offers a broad suite of money related items and administrations which incorporate stores, credits, agri-saving money, NRI managing an account, cards, and so on.