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Central Bank of India

BUTIBORI,MIDC BRANCH

+912222612008

IFSC CODE
CBIN0283175
MICR Code 440016012
Branch Code 283175
City / District BUTI BORI
State MAHARASHTRA
Office Address PLOT NO. P 22,COMMON FACILITY CENTRE BLDG.,MIDC BUTIBORI,DIST NAGPUR ,MRASHTRA 441122
Phone +912222612008
📍 View Branch on Google Maps

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 BUTIBORI,MIDC branch of Central Bank of India, the code CBIN0283175 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 CBIN0283175 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 BUTIBORI,MIDC

Payment Systems Supported by CBIN0283175

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—440016012—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 BUTI BORI typically follows the RBI holiday calendar. Digital transfers via CBIN0283175 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 CBIN0283175 is the valid code for BUTIBORI,MIDC at BUTI BORI, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

Related Searches

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Financial Tools

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Branch Context

  • • BUTIBORI,MIDC Contact
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  • • MAHARASHTRA Banking Circle

Platform Links

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

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