Central Bank of India IFSC code

How to Search for Central Bank of India IFSC & MICR Codes?

If you are looking for the IFSC or MICR codes of Central Bank of India, you can find them printed on the cheque leaves of cheque books issued by the bank. Each cheque book will have the IFSC code of the branch from where it has been issued. You can also find the bank's IFSC codes on its website. Alternately, you can search for the banks IFSC codes on multiple third party websites online. However, one easy way to look for Central Bank of India IFSC and MICR code is to go to the BankBazaar website. At the bottom of the website's main page, find the tab labelled ''Bank IFSC code'. Once you click on that, you will be redirected to another page which features 4 drop down menus, asking you to input the name of the bank, the state, district it is in, along with the branch that you're looking for. Once you have input all this information, the page will immediately display the information about the specific bank branch like its IFSC code, MICR code, address and contact number.

How to Transfer Money Using Central Bank of India NEFT and RTGS?

Transferring money via NEFT and RTGS is extremely simple, convenient and secure. The process is easy to comprehend and hardly takes any time. Following are the two ways by which you may electronically transfer money.

NEFT:

NEFT or National Electronic Funds Transfer is an electronic system of making payments introduced by the RBI to help customers make reliable, economical and secure fund transfers to banks within India. NEFT transactions will be done on a Deferred Net Settlement basis where transactions are carried out on an hourly basis. To transfer funds, the remitter must furnish necessary information about the beneficiary like their name, account number, name of beneficiary's bank and branch, along with the IFSC code for the branch where the money is being remitted. There is no maximum or minimum limit on the amount for NEFT transactions. However, for walk-in customers who wish to carry out an NEFT transaction, the transaction amount must not exceed Rs 50,000. NEFT transactions will be done by the bank between 8 AM to 7 PM and can be done 24x7 via net banking.

RTGS:

RTGS or Real Time Gross Settlement is another modern, integrated and robust method of making payments electronically, introduced by the RBI. RTGS facilitates inter-bank transactions on an immediate and real time basis. RTGS transactions are processed as and when the instructions are received and ne transaction is done at a time, therefore eliminating any scope of delay. These transactions are irrevocable and final. The minimum limit for an RTGS transaction is Rs 2 lakh and there is no maximum limit.

Broad timings for customer payments and bank payments are as follows:

About Central Bank of India

Established in the year 1911, Central Bank of India is one of the nation's oldest and largest commercial banking institutions. Based in Mumbai, the bank operates via a widespread network of over 4000 branches and 5000 ATMs. The bank offers an extensive suite of financial products and services which include deposits, loans, agri-banking, NRI banking, cards, etc.