If you are reading this page, that means you are going to learn everything about CIF no. like, what is CIF number meaning, the full form of CIF number in banking, how to find CIF in various banks expects SBI, SBBJ, SBH, Indian bank and CBI (Central Bank of India).
While banking, you may be heard the word CIF many times but doesn’t know the exact meaning?
Don’t worry this post is all about this unique word. So let’s get started learning it briefly.
What is CIF number meaning and full form in banking?
CIF stands for Customer Information File. Thus means CIF number full form is Customer Information File Number. Various banks like CBI, SBI, SBH, Indian bank has organised this systematic file to collect and save every customer’s data like personal and financial information in a virtual text file.
So that in case of checking they can access all details of an account holder with a single code, called CIF number. In simple words, CIF consists the information of the account holder like Name, Address, Occupation, Bank account statements history etc. We have added a Youtube video link below to under this term more better.
Before it was possible to have each CIF no. for your every account in a respective bank but now as per RBI guidelines, you can have only one CIF number even with multiple accounts. Thus all your accounts can be accessed by a single code.
Customer information file carries following data of a bank account holder:
- It stores your financial activities on a daily basis
- It is used by the bank for marketing purpose also, so they can offer promotional offers and plans to their customers
- It is digitally stored in the bank database in which
- the account you are holding
- It helps the bank to view all your accounts’ information easily in one place
- It carries your Demat related information
- It stores all of your KYC details
- It stores all loan history
This helps in increasing your TRV (full form Total Relationship Value) or CRV (full form Customer Relationship Value) which is used by some Banks to decide how much minimum balance you can maintain, or how much credit can be given to you. You can find it on your bank Passbook, through Net banking or Mobile Banking.
CIF Number is just like Aadhar Card Number. As we use Aadhar card as a unique identity, CIF code is also used as unique code to identify banking information of a particular customer.
Every bank in India comes with its own customer information file numbering system. So they can control their customers account easily. Below you can see the CIF nos. list formats of India:
- SBI has 11-digit
- HDFC has 8-digit
- Central Bank of India has 10-digit
- Axis Bank has 4-digit
How to find CIF number in your bank account?
There are different ways to know CIF number in banking. Because every bank has a different system to customer information. Here are some easy tips o get your CIF code mentioned below:
- When you get your passbook printed from your bank, ask for your CIF Number and make a note of the same on your passbook.
- If you get a FD certificate or receipt, your CIF would be mentioned towards the right of your name mentioned on that.
- And, if you have your internet banking facility active, in that case, login to your account and find it in right there.
- Either you can visit the home branch, present your identity proof and provide your account number. Bank officer will inform you the CIF ID after verification.
We have also written complete guides to find CIF number in all banks like SBI, SBBJ, SBH, Indian Bank, CBI (Central Bank of India)
CIF Number FAQ: Frequently Asked Questions and Answers
Ques #1: What is CIF Number?
Ans: CIF Number stands for Customer Information Number. This is a unique computerised file to keep user data in one place. It holds all the personal & important account related information of the customers that helps bank employees to make their job easier. You can read more about CIF number guides here.
Ques #2: What is the full Form Of CIF Number?
Ques #3: Is it safe to share your CIF code with anyone?
Ans: Yes, for the purpose of genuine banking you can share your CIF code with anyone. Since there are more confidential pieces of information that you have never share with someone.
- Debit card number
- Pan card number registered with the bank.
- Mobile number registered with your debit card
- Debit card PIN number
- Debit card CVV number
- OTP number generated during the online transaction
Ques #4: Is a CIF number confidential?
Ans: Yes, it is for the purpose of accessing your all account by the bank.
Ques #5: Is A CIF No is the same as account number?
Ans: No it’s not, CIF helps the bank to keep all the records of a customer in an easily-compilable format. While an account number provides the information of a single account.
Ques #6: Can two saving bank accounts can be open under the same CIF no?
Ans: Yes, you can link all bank accounts to one CIF number.
Ques #7: How to transfer my CIF number in SBI?
Ans: You will have to visit the branch where your CIF is present and ask them to transfer the CIF to your home branch. They may ask for a written application. So, it would be better go with a written application. The whole process takes less than 5 minutes.
Ques #8: Why does CIF change when bank account transfer to another branch?
Ans: It depends on core banking system of the new branch. (Here Core Banking full form is Centralized Online Real-time Exchange). Because of the process led down by the bank system, which may be the carryover of the legacy manual system, CIF (Customer Identification Number) may be changed frequently.