고객정보 CIF Customer Index File, Customer Information File

CIF

Customer Index File

Customer Information File

What is the CIF code of a bank account, and what is its function?

CIF is customer index file of customer which forms the basis for opening a account. A CIF which is a master file having all details of customer which can have a number of accounts attached to it and thus it helps the Banks and customers both in not obtaining the KYC documents for each account. Whenever KYC becomes due it is updated at one place i.e. CIF and all accounts are not required to be given KYC documents separately.

A customer index file (CIF) is an electronic file that stores an individual's personal and account data. In banking, CIF is often used to refer to a unique 11-digit number that appears on a bank passbook, which contains important information about the account holder, including their banking history and account details. The CIF number is considered confidential information, and banks take measures to safeguard this information.

What is Customer Information File (CIF)?

Customer Information Files (CIFs) are e-files that store relevant data of customers' account and personal information. The customer information file will be assigned with a unique CIF number, and it allows the companies to access the data of its clients and customers. However, the data can be accessed and filtered only by the relationship filter and not the type of account.

Customer information files are predominantly used in the banking industry, and other sectors are slowly starting to utilise customer information files to store the data of their customers. Customer information files in a typical bank will generally contain a customer's account(s) information, information of the ownership of the account, and credit relationships (if any).

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