Do you know all the jargon and words that are used in India’s everyday banking activities? Oh, it’s really hard for you, unless you are a banker, to know any of them. It is very helpful if you are aware of some commonly used and important banking words used to mark your identity by the banks. One such essential banking word that you should be conscious of is the CIF number. Although doing banking, we sometimes come across the term CIF code or SBI CIF number. Any idea what the whole CIF number is? Go through this blog, and we’re going to tell you what you need to hear.
What is an SBI CIF Number?
- The SBI CIF is an 11-digit number used by the bank to access an account holder’s detailed information. The bank retrieves data such as account types, client information, deposits, balances, loan history, and many more with this ID. The CIF number is used by the State Bank of India to keep track of all a customer’s financial actions relating to the bank.
- The CIF abbreviation stands for Customer Recognition File. This is special to each bank customer. It includes precious details in a digital format about the account holder/customer.
Features and Advantages of CIF Number
- An SBI CIF number is essential to perform online transactions. If you have a State Bank of India account, you can see your home branch’s IFSC code in your cheque book and on the front page of your SBI passbook. For wire transfer through RTGS, NEFT, and IMPS, the IFSC code is essential. Similarly, on cheque papers, the SBI MICR code is printed and used for cheque processing.
- For SBI clients as well, this number is very useful. SBI customers can conveniently access their account-related statements using this figure. Also, if you want to move your account to some other branch, a CIF number is needed. Even if you change your SBI branch and your SBI account number gets changed as a result, you will find that your CIF number never changes.
The following specifications have a CIF number-
- It is a virtual file that has all the customer’s banking records.
- The digital file represents an 11-digit number.
- All accounts belonging to a client are connected to a single customer-assigned CIF number.
- If it wants to retrieve any information (personal and financial) relating to the client, the bank decodes the CIF number. The CIF allows the bank to display all customer-related details in a single location.
- This file contains information relevant to the client’s loans and Demat accounts. It also includes specifics of his KYC, such as address details, identity data, and photo identification.
How to find SBI CIF Number?
In SBI, there are numerous methods of finding a CIF number, mainly offline and online.
1) Offline Mode
- Step 1- The first page of the chequebook will appear.
- Step 2- You can directly visit your bank branch and request the CIF by giving your account number.
- Step 3- This number may or may not be written on the bank’s passbook if you have an SBI account.
- Step 4- You can dial SBI 1800112211, 18004253800, or 080-265999990. toll-free numbers. Provide simple information to check your identity, such as the account number. You’re going to be linked to a bank executive. Ask the executive to provide you with your CIF number.
2) Online Mode
Method 1- Net Banking
- Step 1: Log-in to SBI’s website. Sign on to SBI online.
- Step 2: ick the option for an account statement and fill in two dates in the options box.
- Step 3: Choose ‘View’ and press ‘Go’.
- Step 4: Your account overview page appears and your CIF number, IFS code, MICR code, and other information are shown.
Method 2- Info on nomination and PAN in SBI NET Banking
- Step 1: Tap on “Account Summary” and login to the SBI online banking account.
- Step 2: Tap on the PAN info and view the nomination. The next page will show the CIF number and PAN information.
Method 3- APP for SBI Anywhere
- Step 1: Log your account into the SBI Anywhere App first.
- Step 2: On the homepage, click on ‘services’.
- Step 3: “In Services, click on “Online Nomination.
- Step 4: From this tab, pick ‘Transaction accounts’ in the Account form box.
- Step 5: Select Save Account Number.
- Step 6: The CIF number will be shown next to your account number.
Lastly, SBI provides its customers a range of options, such as deposits, withdrawals, credit cards, debit cards, online application & processing, and many more, when it comes to banking transactions. Customers are expected to open an account at any SBI branch of their choice and to benefit from the bank’s high-quality banking services. When opening an account, the bank asks the applicant for some fundamental information. The account is established after validating certain information obtained from the applicant. In addition to the account, the bank offers, as requested by the customer, a passbook, ATM/Debit card, and online banking information. In a specific branch, there could be thousands of account holders, and therefore a CIF number is issued to the very customer.
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