In banking, you must notify the term CIF number or CIF code. In order to understand what is this exactly, keep reading this article.
Here we will learn the full form of CIF code/number, along with its importance under banking.
What is the full form of CIF Number in banking?
CIF word stands for Customer Information Form. So the, in simple words, Customer Information Form has numbers, called CIF Number.
This is a unique number appeared on bank passbook related to a computerized file is also a key aspect of modern banking service. It holds all the personal as well as important account related information of the customer of the bank.
This number gives deep information like who is the owner of the account, credit relationship, account type, balance in the account or lifetime transaction history of the account, loan history, demat, KYC details etc.
If you have to transfer your account somewhere another branch then you need CIF code. There are so many things where you are asked about it also.
After knowing this, we can understand how much it values under banking.
What is the use of CIF number?
- The CIF number is an 11 digit number representing the file. It is a unique code for every customer. (Note: These nos. maybe deffer by bank to bank).
- This is the computerised file created by the bank system to retrieve all the personal and financial information of the customer with one click.
- It is a digital, computerized or virtual file containing all the important banking details of the account holder.
- If a customer owns multiple bank accounts, only one CIF number will be provided to them. So that means all the customer’s accounts are linked to the one CIF code given to the customer.
- This code also includes complete identity details regarding KYC, photo ID, loans, demat, etc.
- This is the one code, that helps bank to identify customer account details in one place.
Formats of CIF Number in Various Banks of India
According to different banking policies, the following banks have a various number of digits in its CIF Number listed below.
- Central Bank of India has 10-digit
- Axis Bank has 4-digit
- HDFC has 8-digit
- SBI has 11-digit
How many CIF you can have?
Officially one only, Before a customer could hold as much CIFs want, but now as per RBI Guidelines, one bank account holder cannot have more than one CIF code. However, you can have any number of accounts under single CIF number.
How to get CIF number from your bank
Whenever you open a new bank account in any bank (In India). The CIF number is created by bank first.
Once your account registration completes successfully, you can ask the bank employee to provide you with this code. Also, you can view it’s printed on your passbook too.
There are also many other ways to find out your CIF Number, that we have discussed below in depth:
Note: In case of very old passbooks, the customer may contact their branch to obtain the CIF.
If you having a FD account (fixed deposit) inside the bank, then 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, log in to your account. On the top of your CBI Account home screen, your CIF Number is mentioned.
CIF Number: Frequently Asked Questions About [SBI, HDFC, AXIS & CBI]
Ques 1: Is it safe to share CIF NUMBER to anyone?
Ans: Yes, for the purpose of genuine banking you can share your CIF no. to anyone. Since there is more confidential 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 online transactions
Ques 2: Is a CIF Code confidential?
Ans: Yes, it is for the purpose of accessing your all account by the bank.
I hope this information will help you to find out what is CIF number exactly. Please comment below for any queries. We will happy to help you.