UNION BANK OF INDIA IFSC CODE

To identify every bank that participates in the transaction of funds, they need an IFSC (Indian Financial System Code) code. This IFSC code is allotted by the Reserve Bank of India. These codes are 11-digit alphanumeric codes and differ from one bank to another and one from one branch to another. This helps to keep track of all fund transactions between a bank or banks.

Union Bank of India IFSC Code Structure

The IFSC code structure is designed in such a way that it helps not only in identifying the bank but its branch location as well. The 11-digit alphanumeric code starting with four codes is the bank name, and 0 is the control number that can be used for future reference or when the number of branches increases. The last six digits help in identifying the branch location.

IFSC code also helps in knowing the source and destination bank while the funds transfer takes place in the backend. Indian Financial System Code also helps in transactions via IMPS, RTGS and NEFT.

For Instance, the Union Bank of India IFSC code UBIN0530786 defines the following:

• UBIN – Name of the bank
• 0 – For future purpose
• 530786 – It defines the branch location

UBIN0530786 is the IFSC Code of the Union Bank of India branch 14/15-F, Connaught Place, New Delhi 110001.

How to Find the Union Bank of India IFSC Code?

You can find the Union Bank of India IFSC code using the following ways:

• Union Bank of India Cheque Book: The IFSC code is at the top of the cheque leaf. However, the cheque number and MICR code are present at the bottom of the cheque.
• Union Bank of India Passbook: The account holder can check their IFSC code using your passbook as provided by the bank. Another way for customers is to visit the Reserve Bank of India website and find the IFSC code or even refer to their monthly bank statements.