The country's central bank (RBI) has specified three ways in which we can remit money. These include the popular NEFT, RTGS and IMPS. However, to undertake these transactions, we must have the IFSC Code allotted by RBI to each bank and the specified branch.
The Central Bank of India IFSC Code is an 11-digit alphanumeric code having special 4 characters, 'CBIN', stand for the name of the bank, the fifth character is always 'zero' for future use and the final six characters specify the 'exact branch address'.
If you are searching for the IFSC code of your home branch, you can use two mechanisms to search. In the offline mode you will find it written on your cheque book, which has been given to you by the Central Bank of India branch. If you are looking for online IFSC Code of Central Bank of India you can find here in Goodreturns.
Like most of its other banking peers, Central Bank of India too was established in the early 1900s - in the year 1911 to be precise. Since then, the bank has never looked back. It was nationalized in 1969, and today the government of India holds a majority stake in the bank.
The last few years have been tough for Central Bank of India with rising non performing assets of the bank. However, the bank is also responsible for helping in the economic development of the country, like most nationalised banks in the country.
It has a sizeable presence in most of the states, and today has a branch network that is fast touching the 5000 mark. It also has a number of extension counters and satellite offices.
While most banks have only recently opened branch and facilities for women, Bank of India, did the same way back in 1924, wherein it opened an Exclusive Ladies Department to cater to the Bank's women clientele.
Over the years it has introduced a number of initiatives including a merchant banking cell, credit card facilities, quick cheque collection centres etc.
Today, Central Bank of India offers its discerning customers a host of facilities, including personal banking and wholesale banking.
Among the personal banking facilities include credit cards, loans, deposits, including term deposits and recurring deposits etc. The bank is also among the few banks in the country, that is providing online railway tickets.
You can access the IFSC codes of Central Bank of India using the goodreturns.in website.