Central Bank of India SAKOLI IFSC Code, MICR Code, Contact No. - Bhandara, Maharashtra

Central Bank of India SAKOLI Branch IFSC Code, MICR Code (Bhandara, Maharashtra). IFSC code is used for NEFT, IMPS and RTGS Transactions.

IFSC Code, MICR Code, Contact No. of Central Bank of India SAKOLI - Bhandara, Maharashtra

IFSC Code:CBIN0284239
MICR Code:441016503
Branch Code:284239 (Last six characters of IFSC Code represent Branch code)
Address:HOUSE NO 130 M B PATEL COLLEGE ROAD SAKOLI BHANDARA MAHARASHTRA
Branch:SAKOLI
City:SAKOLI
District:Bhandara
State:Maharashtra
Contact No.:22-22612008

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Central Bank of India IFSC Code is CBIN0284239, MICR Code is 441016503, Branch Code is 284239 which is last six characters of IFSC Code, Branch name is SAKOLI located in HOUSE NO 130 M B PATEL COLLEGE ROAD SAKOLI BHANDARA MAHARASHTRA, SAKOLI, Bhandara, Maharashtra, Contact no. is 22-22612008. IFSC code is used for NEFT, IMPS and RTGS Transactions.

Other Central Bank of India Branches at Bhandara, Maharashtra

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What is IFSC Code?

IFSC code is an alphanumeric code stands for Indian Financial System Code, which is uniquely assigned to each bank branch for the main three payment and settlement systems in India:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

IFSC code is represented by 11 digit character, the first 4 characters of the IFSC code represent the name of the bank, the fifth character is 0 reserved for future use, the last 6 numbers represent the branch code of the bank. The very common use of the IFSC Code is to transfer fund using Internet Banking.


What is MICR Code?

MICR code is short for Magnetic Ink Character Recognition Code is a 9-digit code that identifies the city, bank, and branch, which is found at the bottom of the cheque. With a special machine, MICR codes help faster processing of cheques. MICR code is consists of 3 parts:

  1. The first 3 digits represent the city code, this code is aligned with the PIN code we use for a postal address in India.
  2. The next 3 digits represent the bank code.
  3. The last 3 digits represent the branch code.