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Central Bank of India

AGARI BRANCH

+912222612008

IFSC CODE
CBIN0282024
MICR Code 481016624
Branch Code 282024
City / District AGARI
State MADHYA PRADESH
Office Address VILLAGE AGARI,POST KATANGI, TEHSIL WARASEONI, DIST-BALAGHAT, MADHYA PRADESH-481 382.
Phone +912222612008
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Understanding IFSC Code: The Digital DNA of Central Bank of India

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the AGARI branch of Central Bank of India, the code CBIN0282024 ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the CBIN0282024 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"CBIN" represents Central Bank of India

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for AGARI

Payment Systems Supported by CBIN0282024

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code—481016624—is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Central Bank of India in AGARI typically follows the RBI holiday calendar. Digital transfers via CBIN0282024 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While CBIN0282024 is the valid code for AGARI at AGARI, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

  • • Central Bank of India Branch List
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Financial Tools

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Branch Context

  • • AGARI Contact
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  • • MADHYA PRADESH Banking Circle

Platform Links

  • • Anand Design DevBox
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  • • IFSC Finder v2.0

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