There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of City Union Bank Limited for its Modakurichi branch in Erode, Erode, Tamil Nadu, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of City Union Bank Limited situated in Erode or anywhere in Tamil Nadu can easily transfer funds instantly by using the correct IFSC Code CIUB0000542. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for City Union Bank Limited, Modakurichi, Erode

The table below shows the main details of the IFSC Code CIUB0000542 for the City Union Bank Limited branch in Erode, which falls under the Erode district in Tamil Nadu.

Particulars Details
Bank City Union Bank Limited
IFSC Code CIUB0000542
Branch Modakurichi
City Erode
District Erode
State Tamil Nadu
Address 205A, Poolakattu Pudur, Perumapalayam, Modakurichi, Erode - 638104

These details are important not only for users using online banking but also for businesses and individuals who use City Union Bank Limited in Erode for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code CIUB0000542 for the Modakurichi branch of City Union Bank Limited is vital.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including City Union Bank Limited located in Modakurichi, Erode, Tamil Nadu, is provided a unique IFSC like CIUB0000542 so that their online payments reach the right place.

The IFSC Code is important because:

  • It uniquely recognizes the City Union Bank Limited branch in Erode.
  • Helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any confusions between multiple branches of the same bank across different places like Erode and Erode.
  • It reduces most of the errors in fund transfers and makes sure its accuracy.
  • It enables sender banks to validate and confirm branch details before processing payments.

For thousands of branches across Tamil Nadu and the rest of India, the IFSC Code ensures that transactions meant for City Union Bank Limited in Modakurichi do not get misguided to another person.

Format of the IFSC Code CIUB0000542

The format of the IFSC Code for banks, including City Union Bank Limited, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

  • First 4 characters (AAAA): Represent the bank code. For City Union Bank Limited, these characters are the bank's short identifier.
  • 5th character (0): Always zero which is reserved for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Modakurichi in Erode.

For example, the IFSC Code CIUB0000542 of City Union Bank Limited for the Modakurichi branch includes these elements, identifying the bank and the branch location in Erode and Tamil Nadu accurately.

How to Find IFSC Code for City Union Bank Limited?

To find the IFSC Code CIUB0000542 of City Union Bank Limited for its Modakurichi branch located in Erode, the following methods can help you out:

Cheque Book

The cheque book issued by City Union Bank Limited includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including City Union Bank Limited branches in Erode and Erode, print the IFSC and MICR codes on the first page of the passbook.

Bank Website

Visit the official website of City Union Bank Limited and go to the branch locator section. Then search for Modakurichi or Erode to find the exact IFSC Code CIUB0000542.

Mobile Banking App

If you use City Union Bank Limited's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India maintains an updated database of all IFSC codes. Searching for City Union Bank Limited and Erode will provide accurate information.

How to Use IFSC Code CIUB0000542 for Online Transfers?

Once you have the IFSC Code CIUB0000542 for the Modakurichi branch of City Union Bank Limited in Erode, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code CIUB0000542. 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 CIUB0000542.

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 Modakurichi in Erode, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of City Union Bank Limited in Modakurichi, here are some ways to obtain it:

  • Check the bottom of your cheque leaf.
  • Refer to the first page of your passbook.
  • Visit the official City Union Bank Limited website.
  • Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Erode to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of City Union Bank Limited in Modakurichi, Erode?

The IFSC Code is CIUB0000542.

Is the IFSC Code CIUB0000542 permanent?

Yes, but it can change if the bank merges or goes through restructuring.

Is MICR the same as IFSC?

No. MICR is for cheque clearing; IFSC is for online transfers.

Where can I find the IFSC Code of City Union Bank Limited Modakurichi?

You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Modakurichi branch?

The address of the branch is 205A, Poolakattu Pudur, Perumapalayam, Modakurichi, Erode - 638104 located in Erode, Erode, Tamil Nadu.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.

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