CIF number- Why is it Important?

What is CIF number?

Opening a bank account with a bank is the safest and best option to save money while earning interest on the deposited amount too. A savings account allows one to save money for personal use or others whereas a current account helps in making daily transactions. Both types of accounts offer different kinds of benefits and features, however, a few things remain the same. 

Either a savings account or a current account, an account holder is given a passbook, chequebook, debit card and other banking credentials. These are offered to users to complete transactions and record the same. Apart from that, the banking kit details the account holder information. A passbook thoroughly defines the account holder information, the type of account opened by him/her along with the bank branch information.

Any printed information in the passbook or a cheque leaf carries utmost importance. For example- IFSC code can be used to track the bank’s branch information, whereas MICR speeds the processing of cheques and CIF in a passbook defines the overall banking details of the account holder.

In this blog, we will understand what a CIF number is in a bank passbook, its importance and more.

What is a CIF number in a Bank Passbook?

CIF number means Customer Information File. It is an 11 digit number and is printed on a bank passbook. A CIF number in a bank passbook carries all the important banking details of the account holder. It can further be understood by the following pointers- 

  • A CIF number contains the vital banking information of the account holder like KYC details, transactions made, type of bank account, along with other statistics like identity details such as age, date of birth, etc
  • It helps the bank to track the information of the account holder
  • A CIF number in a bank passbook eliminates the chances of fraud or confusion while offering banking services to the account holder
  • Just like an Aadhaar card number is unique to every individual, similarly, a CIF number is also unique and is always different from one user’s code to another

What are the Features of a CIF number in a Bank Passbook?

Listed below are a few of the points that define the importance of a CIF number in a bank passbook-

  • A CIF number carries all the sensitive details of the account holder like identity documents, PAN details, account details, etc
  • It keeps all the details of the account holder confidential as it is unique and is different from one account holder to another
  • It can only be shared with the bank and bank personnel, hence, it is safe and keeps the information of the users confidential
  • A CIF number can be traced from a bank passbook, from a bank’s online portal or mobile banking application
  • Bank’s can decode 11 digit CIF code to get details about the account holder information when verifying transactions or sanctioning loans
Read More: Types of Savings Accounts & Their Differences

Where can I find my CIF number?

The CIF number is printed on a passbook along with other details like bank’s name, address, account holder’s information like name, date of birth, type of account, IFSC code, etc. It can easily be traced on a passbook. Also, connecting with the bank through their customer support number can also help in getting the CIF number easily.

FAQs
What does a CIF number carry?
A CIF number in a bank passbook carries an account holder banking details like type of account, transactions detail and more.
Where can I find my CIF number?
You can find your CIF number on the front page of the bank’s passbook.
Are the IFSC code, MICR code and CIF number the same?
No, IFSC code, MICR code and CIF number serve different purposes. IFSC code is called Indian Financial System Code, it is used to define a bank’s branches, whereas MICR codes are called Magnetic Ink Character Recognition and are used for faster processing of cheques. CIF number carries all the important banking details of the account holder.
Is the IFSC code available on a cheque?
Yes, an IFSC code is printed on a bank passbook, banking mobile application, net banking website and on a cheque leaf.
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