What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Central Bank Of India Palasa Srikakulam Branch IFSC/MICR Code Details
Bank Name CENTRAL BANK OF INDIA
Address DOOR NO.2-14-99, OLD BUS STAND, NEAR INDIRA CHOWK PALASA-532221
State ANDHRA PRADESH
District SRIKAKULAM
Branch PALASA
IFSC Code CBIN0283361
Branch Code 283361 (Last six characters of IFSC code represent Branch code.)
MICR Code NA
Contact Phone 22612008
via https://bankingzone.in/ifsc

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