Quick Answer: What Is CIF Full Form?

What is CIF stands for?

cost, insurance and freightThe abbreviation CIF stands for “cost, insurance and freight,” and FOB means “free on board.” These are terms are used in international trade in relation to shipping, where goods have to be delivered from one destination to another through maritime shipping..

Is customer ID same as CIF?

Customer ID is the CIF ID printed on the first page of your Passbook.

What is CIF in police?

From Wikipedia, the free encyclopedia. Counter Insurgency Force or CIF with headquarters in Garia, West Bengal was created by the West Bengal state government in 2010 on the lines of Greyhounds in Andhra Pradesh to combat proscribed Naxalites/Maoists in the state.

What is full form of IFSC?

Indian Financial System Code (or more commonly known as IFSC code) is an 11-digit alpha-numeric code used to uniquely identify bank branches within the National Electronic Funds Transfer (NEFT) network by central bank. What is IFSC?

Is IFSC same as CIF?

CIF stands for customer information file and contains details of all accounts of the accountholder. The account number and the CIF remains the same, however the IFSC code (as it is branch specific) will change.

What is CIF delivery?

Cost, insurance, and freight (CIF) is an expense paid by a seller to cover the costs, insurance, and freight of a buyer’s order while it is in transit. … Until the goods are fully loaded onto a transport ship, the seller bears the costs of any loss or damage to the product.

What is the full form of Cif in bank?

A customer information file (CIF) is a system that consolidates customer account information and combines it with basic demographic information to create a current snapshot of a customer relationship.

What is CIF number in SBI bank?

Customer Information File (CIF) contains the valuable banking information of an account holder in a digital format. Every file is assigned a unique number which pertains to every bank customer. In the State Bank of India, CIF is an 11-digit number which gives the bank detailed information about a customer.

How can I get CIF number without passbook?

You can find CIF number without netbanking and passbook in any of the following ways –Visit any branch of the bank in which you have the account. … Get your account statement by visiting the bank branch. … Your CIF number will be mentioned in your cheque book.More items…•

Does current account have CIF number?

CIF is an acronym for Customer Information File. CIF is a unique number given to each and every account holder in SBI bank.

How is CIF value calculated?

In order to find CIF value, the freight and insurance cost are to be added. 20% of FOB value is taken as freight. … The total amount of CIF value works out to USD 1313.00. If any local agency commission involved, the same also is added on CIF value of goods – say 2% on FOB – USD 20.00.

Which is better CIF or FOB?

With CIF, responsibility transfers to the buyer when the goods reach the point of destination. In most cases, we recommend FOB for buyers and CIF for sellers. FOB saves buyers money and provides control, but CIF helps sellers have a higher profit.