What is CIF Number?
There are different terms such as Passbook, Net Banking etc. that are used for State bank of India. Do you know of all the banking terms and jargons used in day-to-day activities and trades? Most probably, unless you’re a banker, the answer has to be in the negative. However, as an account holder in a financial institution, there are certain terms that you should be aware of since they’re important & frequently mark your identity because of the bank’s customer. One such expression of crucial significance is CIF.
CIF stands for Client Information File. As is quite clear from the name, it is an exceptional number associated with a computerized document, which contains all relevant personnel in addition to account related details of a customer of their respective bank. These details are available only from the servicing lender & provided by the client. It is very important to note that the CIF is not the client’s account number in a particular bank. You may also notice that even when the account is transferred from one branch to another, your CIF code remain same instead of changing but the home branch of the CIF code changes.
What’s the CIF important?
The CIF is basically the bank’s crucial to get all the info pertaining to its client. These details are given by the customer himself by way of a KYC form where KYC stands for “Know Your Client”. Including personal details such as the name, sex, age, address, photo identification, employment information, marital status in addition to account associated details and credit relationships.
Hence, it’s vital for the client to present only correct information while opening a bank account. Additionally, it is the bank’s responsibility to keep the safety of such information by ensuring lawful utilization of the customer’s data.
The banks analyze use and study the related information for offering their products to customers according to profiling. Instead, they use it to up-sell in addition to cross-sell the lender’s current & new products or services.
Additionally, this info is updated on a daily basis so that the accuracy of the records is maintained. CIF also registers the kinds of accounts held by an individual, the transactions performed by him/her in addition to the balance maintained. In short, it is used to keep track of the financial actions of their customer with the lender.
According to the latest recommendations from RBI, each lender has its own format to the CIF amount, and only one has been allocated to each customer. Initially, a client could be delegated various CIF numbers for numerous accounts. However, a user may have several accounts in a bank, but he also shall have just one CIF number with this specific bank. The CIF number can also be used as an identification number for mobile as well as net banking.
Role of having CIF in State Bank of India
Customer information file (CIF) is a searchable file that stores all pertinent information about a bank customer’s personal and account information. The client information file (CIF) allows the organization to view its client accounts by relationship instead of only by account type. For example, information like bank relations, information related to the owner, and accounts owned are basically included.
1. Breaking Down Customer Information File (CIF)
The CIF records such information for a client’s vital data, account balances and transactions, and forms of accounts. It also gets updated frequently in order to ensure accuracy. The CIF can be utilized to cross-sell various services and products to clients and to aid in other administrative functions.
CIFs offer the company with a summary of all the activities associated with a particular customer. More commonly stored in an electronic format nowadays, a CIF may also be a paper folder holding relevant documents. It acts as a central point for examining customer data without needing to look up each account or transaction individually. In the event of commercial banks, it provides information concerning the products currently in use by a client. It might also reveal information regarding any prior inquiries, to help provide targeted advice for the purpose of upselling.
2. Customer Information Documents and Personally Identifiable Data
A CIF often contains personally identifiable information (PII). This can include the customer’s name, address and phone number, for the purposes of purchases. Additionally, it may incorporate extra information such as a person’s birth date and Social Security number, which is more frequently required in banking or in a situation where credit is applicable. Additional information, such as race and sex, might also be included in the information can be obtained. Any company or entity that records certain customer information is required to disclose how it is collected and how it will be used. Furthermore, it’s required to consider certain minimal actions to safeguard the data from inadvertent or pressured exposure by unauthorized parties.
3. Various ways to Locate CIF for SBI
Now, you know the importance of the CIF amount, you need to ensure that you know yours. The relationship manager of your lender will be able to allow you to come across the exact same. If you’re a customer of this SBI bank, i.e. you hold one or more account in the State Bank of India or have applied for a loan via SBI or have an account in the nation’s largest public sector bank, keep reading to know how you can find out your distinctive CIF number.
Things that you have to know about CIF code in banking:
CIF code is maintained on a computerized document which contains your applicable personal information as well as your account data by your financial institution. CIF is backed with a unique number pertaining to each bank customer.
1. It’s an Integral aspect of modern banking:
Your bank maintains a file that contains your pertinent personal information as well as your account info. It permits the bank to view its customer accounts by a connection not only by account type. CIF is a key facet of modern banking services.
2. it plays the Significant Part the banking:
This unique number plays vital importance to your bank since it allows the bank to retrieve customer information. Your bank upgrades the CIF on a daily basis so that the accuracy of these accounts is preserved. The CIF records reflect details like client’s vital statistics, accounts, transactions, types of account held, demat details, credit history, KYC details etc. A
3. it’s also considered as a resourceful document:
CIF typically contains the basic such as your name, address and phone number. It may contain extra information like an individual’s birth date and Aadhaar number. It is also a resourceful document to fetch your credit score too.
4. It not the same and also have a different format in various banks:
Every bank has their own different format for this number. Axis bank has a 4 digit CIF whereas you get the SBI which creates an 11 digit CIF, and Central Bank of India comprises 10 digits CIF. You can have only one CIF amount from one bank, though you can have several accounts bearing one CIF number.
How to View Your Cif number in SBI Account:
For assessing the CIF number in your SBI Account, then there are very simple steps that you want to follow. Well, it’s already stated that CIF has a vital role and it’s the most circular changed that made in the banking sector. However for getting the CIF, here are a few things you can do
- Log into the website of SBI. Log into online SBI.
- Choose the account statement choice and fill in just two dates in the option box
- Select “view” and click “Go”
- our accounts summary page will appear, and It’ll display your CIF number, IFS code, MICR code, and other information
Options 2- Nomination and PAN details in SBI NET Banking
- Login to SBI online banking accounts and click on “Account Summary.”
- Click view nomination along with PAN details.
- CIF amount and PAN details will be displayed on another page
Four Different Methods to View your Cif number:
CIF Number or Client Information Document has its own different methods. This amount is quite important for banks to monitor customers account details. In short, all your banking related information is stored in CIF amount, which banks use for their work. In case you need to transfer your account someplace else then you will need CIF. There are several things where you are asked concerning CIF. Many people do not know about what their CIF number is, therefore there is, how you can see your Customer Information file number in sbi with no Passbook
Well, due to some reason if you are not able to locate your SBI Account CIF amount then follow those four methods and understand where it’s:
- Through the Internet, Banking:
You can check your account cif through internet banking
- Login to SBI Internet Banking. See: https://www.onlinesbi.com
- After logging in, you can see the Account Summary page, click on “View Nomination and PAN details.”
- On the next screen, you can see your CIF number.
- View in E-statement:
You don’t have net banking facility and your email address is registered with your account then you can request for e-statement using SMS. In this e-statement, you can understand your CIF number also. You just have to send an SMS from your registered phone to obtain e-statement. After receiving e-Statement just open PDF file where you can see your CIF number
- View on SBI Anywhere:
It is also possible to assess your CIF amount in the State Bank Anywhere Application.
1- First, log into SBI Anywhere personal program.
2- Open Services tab following login.
3- Harness Online Nomination in Services
4- From the next screen, pick the trade account in the type of the account and select your account number. You can now view your CIF number.
- View in your passbook:
CIF amount is published in your passbook too. On the very first page of this passbook, you are able to see all the specifics of your accounts. Therefore, in this manner, you can check the CIF quantity of your SBI account online / offline. Now SBI clients can utilize ATM Debit card to seek out their account CIF number very easily.
Updated Tips to find CIF number in SBI
Get the CIF number even in the event that you don’t possess passbook or net banking because it’s easy and hassle-free. For that, here is the everything That You Ought to follow:-
You can find CIF amount without net banking and passbook in any of the following manners
- Visit any branch of the bank where you have the account. Offer your account number, show your ID proof, and request your CIF number.
- Get your account statement by going to the bank division. It will get your CIF number.
- Your CIF number will be mentioned on your cheque book. Assess the first page of your cheque book (the cheque request slip/folio).
- Your CIF amount will also be mentioned in the Welcome Kit supplied by the bank when you opened the account. That means it’s possible to find it there.
- Call the customer care number and follow the steps to consult with a customer support representative. Give your details for identity confirmation, and then ask for your SBI CIF number. These methods can be used to find CIF number in most banks.
One of the key aspects of modern banking services is CIF that stands for Customer Information Document. This is a unique number associated with a computerized document, which holds all the private in addition to account associated information of the customer of the bank. Well, you will find all the given details which you are likely to want, follow and get the very best experience with no hassle.
2.6 Meta Description
Through the years, the banking industry in India has encountered phenomenal changes, as well as the arrival of internet banking, has been the key cause of this. All the banks in that you get in this country which also includes State Bank of India, have observed this transformation and it’s resulted in a great improvement in the services provided to the clients. Well, in which the shift was important, but there are lots of things that you need to know so you can get the best access and simple process.
Sudha is the senior publisher at Finance Glad. Sudha completed her education in BBA (Bachelor of Business Administration). She lives in Chennai. She is currently heading towards the banking topics. Sudha is an expert in analyzing and writing about most of the banks and credit card reviews. Sudha main hobbies and interests are reading, writing and watching the quality stuff over the internet. She usually wants to learn more productive stuff and share the best information to her readers over the internet via Finance Glad.