The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of City Union Bank Limited for its Akola branch in Akola, Maharashtra, Maharashtra, this complete guide will provide you with detailed information.
The banking system in India has changed over the years, and today customers of City Union Bank Limited located in Akola or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code CIUB0000800. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for City Union Bank Limited, Akola, Akola
Here are some of the key details that come with the IFSC Code CIUB0000800 of City Union Bank Limited for its branch located in Akola, within the district of Maharashtra in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | City Union Bank Limited |
| IFSC Code | CIUB0000800 |
| Branch | Akola |
| City | Akola |
| District | Maharashtra |
| State | Maharashtra |
| Address | Shop No. 3-4, Shakambari Complex, It Square Building, Gorakshan Road, Akola |
These details are important not only for users using online banking but also for businesses and individuals who use City Union Bank Limited in Akola for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CIUB0000800 for the Akola branch of City Union Bank Limited is vital.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like CIUB0000800 is given to every bank branch, including City Union Bank Limited located in Akola, Akola, Maharashtra, to make sure that online payments reach the right place.
The IFSC Code is important because:
- It uniquely identifies the City Union Bank Limited branch in Akola.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It avoids any kind of confusion between multiple branches of the same bank across different places like Akola and Maharashtra.
- It removes errors in fund transfers and improves accuracy.
- It lets the sender banks validate and confirm branch details before they process the payments.
There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for City Union Bank Limited in Akola doesn't end up at another location.
Format of the IFSC Code CIUB0000800
The format of the IFSC Code for banks, including City Union Bank Limited, has an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For City Union Bank Limited, these letters represent the bank's short name.
- 5th character: Is always zero and is kept for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Akola in Akola.
For example, the IFSC Code CIUB0000800 of City Union Bank Limited for the Akola branch includes these elements, identifying the bank and the branch location in Akola and Maharashtra correctly.
How to Find IFSC Code for City Union Bank Limited?
If you are looking for the IFSC Code CIUB0000800 of City Union Bank Limited for its Akola branch located in Akola, the following methods can help:
Cheque Book
The cheque book that is issued by City Union Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code at the top section.
Passbook
Most of the banks, including City Union Bank Limited branches in Akola and Maharashtra, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of City Union Bank Limited and look for the branch locator section, then search for Akola or Akola to get the exact IFSC Code CIUB0000800.
Mobile Banking App
If you use City Union Bank Limited's mobile app, you can check your account details to easily find your branch's IFSC code.
RBI Website
The Reserve Bank of India has an updated database of all IFSC codes and if you are searching for City Union Bank Limited and Akola, then it will provide you proper information.
How to Use IFSC Code CIUB0000800 for Online Transfers?
Once you have the IFSC Code CIUB0000800 for the Akola branch of City Union Bank Limited in Akola, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CIUB0000800. The transfer is completed in batches instead of instantly. It is useful for both personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Requires the recipient's account details and City Union Bank Limited IFSC Code CIUB0000800.
No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the City Union Bank Limited Akola in Akola, your payment can get delayed or might not go through at all.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of City Union Bank Limited in Akola, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official City Union Bank Limited website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Akola manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CIUB0000800.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Shop No. 3-4, Shakambari Complex, It Square Building, Gorakshan Road, Akola located in Akola, Maharashtra, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.