IFSC Code, MICR Codes for CENTRAL BANK OF INDIA in MAHARASHTRA - AKOLA - AKOT - AKOT

CENTRAL BANK OF INDIA RTGS HO Branch in AKOT - Address, IFSC, MICR Code


IFSC Code

CBIN0280701

MICR Code

NA

Branch

AKOT

Contact

22612008

Address

AT & P.O.AKOT DIST-AKOLA MAHARASHTRA-444 101

City

AKOT

District

AKOLA

State

MAHARASHTRA





What is IFSC Code of CENTRAL BANK OF INDIA situated at AKOT- RTGS-HO?
IFSC Code of CENTRAL BANK OF INDIA situated at AKOT - RTGS-HO is

CBIN0280701

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.