Banks have made their job easy to manage customers account with a computerised code-named “CIF number“.
This is not only for banking, but an account holder also must be known about what is CIF Number in bank account exactly and how much it’s meant to learn from them. So, in order to understand it’s meaning briefly keep reading this article.
Here we will learn what is CIF Number full form for along with its meaning, importance in SBI, Central Bank of India etc. banks.
What is CIF number full form in banking?
CIF full form is Customer Information Form. So, in simple words, Customer account Information Form has numbers (in digits) called “CIF Number“.
You can find this unique number appearing on bank passbook, using Internet banking, through calling & many more ways.
In modern banking, CIF code (abbreviation) is a 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.
A single CIF code provides deep information of a customer like who is the owner of the account/accounts, credit relationship, account type, balance in the account or lifetime transaction history of the account, loan history, Demat, KYC details etc. Also while transferring your account to another branch, you need CIF no.
One customer can hold only CIF no. even he has multiple accounts in a single bank branch. This helps the bank to identify customer account details in one place
Now you understand, what is CIF Number importance in banking.
Formats of CIF Codes in Various Banks of India
All banks list their CIF codes in different digits are list below:
- SBI has 11-digit
- Central Bank of India has 10-digit,
- Axis Bank has 4-digit
- HDFC has 8-digit
How to find CIF number in your bank account?
There a plenty of ways to know CIF code of your bank whenever you have an account in SBI, CBI etc. banks. Below we have written a depth guide how you can get your CIF code in different ways.
Bonus Tip: If you having an FD account (fixed deposit account) inside your bank, then your CIF would be mentioned towards the right of your name mentioned on that.
Finally, I hope after reading this article, you probably understand what is CIF full form in banking, meaning and how it works in bank. Still, if you have questions, kindly drop your message in the comments section below.