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 Itwariya Bazaar Rajwada branch in Indore, Indore, Madhya Pradesh, 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 Indore or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code CIUB0000759. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.
Details of IFSC Code for City Union Bank Limited, Itwariya Bazaar Rajwada, Indore
Here are the main details that are associated with the IFSC Code CIUB0000759 of City Union Bank Limited for its branch located in Indore, within the district of Indore in the state of Madhya Pradesh.
| Particulars | Details |
|---|---|
| Bank | City Union Bank Limited |
| IFSC Code | CIUB0000759 |
| Branch | Itwariya Bazaar Rajwada |
| City | Indore |
| District | Indore |
| State | Madhya Pradesh |
| Address | Shop No 3 4 Sheeshmahal,Hukumchand Marg,Itwariya Bazaar,Rajwada |
These details are essential not only for online banking users but also for businesses and individuals who use City Union Bank Limited in Indore for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code CIUB0000759 for the Itwariya Bazaar Rajwada branch of City Union Bank Limited plays an important role.
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 CIUB0000759 is given to every bank branch, including City Union Bank Limited located in Itwariya Bazaar Rajwada, Indore, Madhya Pradesh, 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 Indore.
- 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 Indore and Indore.
- 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 Madhya Pradesh and the rest of India, which is why the IFSC Code ensures that transactions meant for City Union Bank Limited in Itwariya Bazaar Rajwada doesn't end up at another location.
Format of the IFSC Code CIUB0000759
The format of the IFSC Code for banks, including City Union Bank Limited, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In City Union Bank Limited, they are a short identifier for the bank.
- 5th character (0): This is always zero and is reserved for future use.
- Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Itwariya Bazaar Rajwada in Indore.
For example, the IFSC Code CIUB0000759 of City Union Bank Limited for the Itwariya Bazaar Rajwada branch has these elements, identifying the bank and the branch location in Indore and Madhya Pradesh correctly.
How to Find IFSC Code for City Union Bank Limited?
If you are looking for the IFSC Code CIUB0000759 of City Union Bank Limited for its Itwariya Bazaar Rajwada branch located in Indore, 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 Indore and Indore, 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 Itwariya Bazaar Rajwada or Indore to get the exact IFSC Code CIUB0000759.
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 Indore, then it will provide you proper information.
How to Use IFSC Code CIUB0000759 for Online Transfers?
Once you have the IFSC Code CIUB0000759 for the Itwariya Bazaar Rajwada branch of City Union Bank Limited in Indore, you can initiate your fund transfers using any digital method:
NEFT
Add the beneficiary's name, account number, and IFSC Code CIUB0000759. 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 CIUB0000759.
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 Itwariya Bazaar Rajwada in Indore, 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 Itwariya Bazaar Rajwada, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Indore manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is CIUB0000759.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Shop No 3 4 Sheeshmahal,Hukumchand Marg,Itwariya Bazaar,Rajwada located in Indore, Indore, Madhya Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.