Union Bank of India IFSC Code is a set of 11 characters which is a combination of both alphabets and numbers. The IFSC Code of Union Bank of India (UBI) is different for its every branch. This code is designed by Reserve Bank of India for all the private and public sector banks.
Union Bank of India (UBI) IFSC Code Format
The IFSC Code of Union Bank of India Sector 7 (Chandigarh) Branch is UBIN0555827.
- In UBI IFSC Code, the first 4 characters (UBIN) stands for the ‘Bank Name’
- The fifth character is ‘0’ which is the same for all banks
- The last 6 characters (0555827) stands for the Union Bank of India ‘Branch Code’
| Union Bank of India Code | Zero | Union Bank of India's Branch Code | ||||||||
|
U |
B | I | N | 0 | 5 | 5 | 5 | 8 | 2 | 7 |
How does Union Bank IFSC Code work?
Customers, when need to transfer funds to a particular payee, are required to provide details such as the name of the payee, account number, IFSC code of Union Bank of India (receiving branch), and the amount.
Once the customer provides all these details, he/she will be able to transfer funds to the beneficiary easily as UBI IFSC Code will help to avoid errors in such transactions.
How to Search Union Bank of India (UBI) IFSC Code?
The customers can search for Union Bank of India (UBI) IFSC Code & MICR Code through the following ways:
1. PaisaBazaar IFSC Search Tool
Account holders can search for the IFSC Code of Union Bank of India using the online IFSC Search Tool offered by Paisabazaar by following the steps mentioned below:
- FInd the UIB's IFSC search tool at the top of this page
- Union Bank of India (UIB) is default bank name selected here
- Enter the essential details like state and city names
- Select the UIB's branch to check its IFSC Code and other details like address, MICR code, and contact number
Customers can also search IFSC and MICR Codes for any Union Bank of India branch on the following platforms:
2. Union Bank of India Cheque Book
The IFSC code is mentioned at the top of the cheque whereas Cheque number and MICR code is also present at the bottom of the cheque.
3. Union Bank of India Passbook
Account holders can also check their IFSC Code of Union Bank of India on their account passbook provided by the bank.
Alternatively, customers can go to the Reserve Bank of India’s website to find these codes.
How to make Fund Transfer using Union Bank of India IFSC Code?
Customers can transfer funds via below-mentioned modes:
NEFT
National Electronic Fund Transfer (NEFT) is a nation-wide payments system that allows the transfer of funds from one bank’s account to another. Union Bank of India allows both account holder as well as non-account holders to use its NEFT service. However, Union Bank IFSC Code is mandatory for NEFT transactions.
RTGS
Under Real Time Gross Settlement (RTGS), the beneficiary bank gets transfer instructions immediately. The settlement is gross, meaning that each transaction takes place individually. However, Union Bank IFSC Code is required to perform RTGS if non-account holder wants to send money to a Union Bank of India account.
IMPS
Immediate Payment Services (IMPS), an instant payment inter-bank electronic funds transfer system in India. In order to send money the sender needs to provide beneficiary’s account no, account type, Union Bank of India IFSC Code (if the beneficiary is holding an account with Union Bank of India) and beneficiary’s name.
About Union Bank of India
Union Bank of India, established on 11th November, 1919 and headquartered in Mumbai has over 4200+ branches across the country. The bank provides all types of financial and banking services to its customers.