While banking, you will come with many banking terms and one of them is CIF number! Do you have any idea about CIF? What is the importance of CIF no? And what does the number mean? Before you learn about the importance of CIF number in banking, you should learn its full form.
Full form of CIF
CIF is an abbreviation Customer Information File. Each account holder of any bank receives a unique CIF number provided by the respective bank. Just like every account holder has a unique account number, similarly, each account holder gets a CIF number with some digits. The set of data shows the file of the account holder.
Details about CIF number and its importance in banking
- The customer information file or CIF is a virtual file containing the required banking details.
- This specific number set can be used to obtain personal as well as account holder financial information.
- With this CIF number, information about loans, term deposits and demat can be collected.
- By mentioning the CIF number of the account holder, bank officials can get the details of the account holder, including their identity, address, photo and signature.
Every account holder receives a CIF number
Each bank has a different set or format of CIF numbers. If you have multiple accounts in the same bank, all accounts will be linked to the CIF number provided with the first account. CIF number is very important in banking as it helps the bank to easily track the accounts of its customers. The CIF number is also used as a user ID for Internet banking and mobile banking.
How to find your cif number
The format of the CIF number varies with banks. Each bank follows a different format and designs a specific set for its customers. By default, you will print your CIF number on the passbook. If you have a fixed deposit, you can also find the CIF number written on the FD certificate! Get your CIF number for future usage and easy banking services!