IFSC Code CBIN0284458 — Phanidam, Central Bank of India, Guntur

Q: What is IFSC code CBIN0284458 and which branch does it identify?

IFSC code CBIN0284458 is the 11-character alphanumeric code assigned by the Reserve Bank of India to the Phanidam branch of Central Bank of India in Guntur, Andhra Pradesh. The first four characters (CBIN) identify the bank across the entire RBI NEFT network, the fifth character is always zero (0), and the last six characters (284458) identify this specific branch. No other branch in India shares this exact 11-character combination. Use CBIN0284458 for NEFT, RTGS, IMPS transfers and to link this account to UPI apps like PhonePe, Google Pay, and BHIM.

Q: How do I use IFSC CBIN0284458 to link my Central Bank of India account to UPI?

To link your Central Bank of India Phanidam account to UPI, open any UPI app — PhonePe, Google Pay, Paytm, or BHIM — and select "Add bank account". Choose Central Bank of India from the bank list. The app will auto-detect your registered mobile number and retrieve your account. During verification, the app validates your account against IFSC CBIN0284458 in the background — you do not need to enter the code manually. Once linked, your UPI VPA (such as yourname@centralbankofindia) is used for daily payments. The IFSC is only needed during this initial account registration step, not for individual UPI transactions.

Q: What is the NEFT settlement time using IFSC CBIN0284458? Is RTGS faster?

NEFT transfers to Phanidam using IFSC CBIN0284458 settle in half-hourly batches — available 24 hours a day, 7 days a week including public holidays. A transfer sent at 2:10 PM is batched at 2:30 PM and credited shortly after. There is no minimum or maximum amount for NEFT. RTGS is faster but has a ₹2 lakh minimum. RTGS settles in real time during RBI operating hours (7:00 AM to 6:00 PM on working days). For transfers below ₹2 lakh that need to arrive instantly — including on weekends and bank holidays — use IMPS with IFSC CBIN0284458, which settles within seconds, 24×7, year-round.

Q: How long is the beneficiary cooling period when I add IFSC CBIN0284458 to net banking?

When you add a new beneficiary using IFSC CBIN0284458 in net banking or mobile banking, most banks enforce a cooling period of 30 minutes to 24 hours before the first transfer is permitted. During this window, the bank sends a confirmation OTP or push notification and blocks outgoing transfers to the new beneficiary. This is a fraud-prevention measure. After the cooling period, per-transaction and per-day limits apply based on your bank's policy and your account type. If you need to transfer money urgently to a Central Bank of India Phanidam account, add the beneficiary at least one business day in advance. UPI payments bypass beneficiary cooling periods entirely — they can be initiated to a new UPI ID without any wait.

Q: Has Central Bank of India's IFSC code changed due to a bank merger? Is CBIN0284458 still active?

Bank mergers in India can deactivate IFSC codes. When the RBI merges two banks, it typically issues new IFSC codes for the surviving entity's branches and deactivates old codes from the absorbed bank — sometimes immediately, sometimes on a scheduled date. If Central Bank of India was involved in a merger, branches of the absorbed bank received new IFSC codes under the surviving bank's code prefix. IFSC CBIN0284458 is listed as active in our database as of Jun 2026. However, before initiating a large RTGS or NEFT transfer, we recommend verifying on the RBI's official IFSC lookup to confirm the code remains valid.

Q: Why does the 5th character of IFSC CBIN0284458 have to be zero (0) and not the letter O?

The 5th character of every IFSC code — including CBIN0284458 — is always the digit zero (0), not the letter O. The RBI mandated this design: position 5 is permanently reserved for future use and is always set to the numeral 0. In many printed fonts and small screens, the digit 0 and the letter O look nearly identical, but they are entirely different ASCII characters. If you type the letter O instead of 0, the payment system will reject the transfer immediately with an "invalid IFSC" error — no transfer will be processed and no money will leave your account. If a transfer to this branch fails IFSC validation, check position 5 of the code first: it must be the digit 0.

IFSC Code for Phanidam — Central Bank of India

The IFSC code for Phanidam branch of Central Bank of India in Guntur, Andhra Pradesh is CBIN0284458. Use this for NEFT, RTGS, IMPS transfers and UPI account linking.

About IFSC Code CBIN0284458 — Phanidam, Central Bank of India

IFSC code CBIN0284458 is the official 11-character alphanumeric identifier assigned by the Reserve Bank of India to the Phanidam branch of Central Bank of India located in Guntur, Andhra Pradesh. This code is used exclusively by India's electronic payment networks — NEFT, RTGS, IMPS, and UPI — to route digital fund transfers to the exact bank branch where the recipient's account is held. IFSC codes are not used for cheque clearing or paper-based instruments; those processes use the MICR code printed on cheque leaves. Without the correct IFSC code, no digital transfer to this branch can be processed.

How to Read IFSC Code CBIN0284458

The 11-character code CBIN0284458 is structured in three segments the RBI uses to route every NEFT and RTGS transfer: CBIN is the bank identifier — a four-letter code that identifies Central Bank of India in the RBI's settlement network. 0 is the reserved zero at position 5 — always the digit 0 (never the letter O), mandated by the RBI for future use. 284458 is the branch identifier — six alphanumeric characters assigned exclusively to the Phanidam branch. No other branch in India carries this exact combination, which is what allows NEFT and RTGS systems to credit funds to one specific branch out of more than 1.6 lakh branches nationwide.

NEFT, RTGS, IMPS, and UPI — When to Use IFSC CBIN0284458

IFSC code CBIN0284458 is required every time money moves digitally to or from the Phanidam branch.

NEFT — Any Amount, Half-Hourly Batches: Settles in half-hourly batches, available 24×7. The sender enters your account number + IFSC CBIN0284458.
RTGS — Minimum ₹2 Lakh, Real-Time Settlement: Funds arrive in real time. Operates 7:00 AM to 6:00 PM on RBI working days.
IMPS — Instant Transfers, 24×7 Including Holidays: Settles within seconds. Up to ₹5 lakh per transaction using account number + IFSC.
UPI Account Linking — One-Time Registration: The app validates IFSC CBIN0284458 in the background during account setup.
Net Banking Beneficiary Registration: Add using account number + IFSC CBIN0284458. Allow 30 min–24 hour cooling period.

IFSC, MICR, and BSR Codes for Phanidam, Central Bank of India

The Phanidam branch is assigned three distinct RBI codes — each used by a completely separate banking system. These codes cannot be interchanged.

IFSC CBIN0284458 — NEFT, RTGS, IMPS, and UPI account linking.
MICR 522016502 — Cheque clearing, ECS, NACH, SIP mandates. View MICR code →

Step-by-Step: How IFSC CBIN0284458 Routes a NEFT Transfer

Initiation: Sender enters account number and IFSC CBIN0284458.
Validation: Sender's bank validates the IFSC against the RBI NEFT master list.
Bank routing: CBIN identifies Central Bank of India as the receiving bank.
Branch routing: 284458 routes to Phanidam specifically.
Settlement: At the next NEFT batch, RBI credits Central Bank of India who credits the beneficiary account.

Common Mistakes to Avoid with IFSC CBIN0284458

Using MICR or BSR instead of IFSC — they serve completely different systems and will be rejected.
Typing letter O instead of digit 0 at position 5 — will fail IFSC validation immediately.
Using a deactivated IFSC after a bank merger — always verify before large RTGS transfers.
Using the wrong branch IFSC — funds route to the branch identified, not any branch of the same bank.
Not accounting for beneficiary cooling period — add beneficiaries at least one business day in advance.

Need this branch's MICR code? View MICR code for Phanidam →

For TDS challan filing use the BSR Code Lookup. Plan loan repayments with our EMI Calculator.

Frequently Asked Questions

What is IFSC code CBIN0284458 and which branch does it identify?

How do I use IFSC CBIN0284458 to link my Central Bank of India account to UPI?

What is the NEFT settlement time using IFSC CBIN0284458? Is RTGS faster?

How long is the beneficiary cooling period when I add IFSC CBIN0284458 to net banking?

Has Central Bank of India's IFSC code changed due to a bank merger? Is CBIN0284458 still active?

Why does the 5th character of IFSC CBIN0284458 have to be zero (0) and not the letter O?