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 Uco Bank for its Walni Mines branch in Latur, Walandi, Maharashtra, then this comprehensive guide will provide you with detailed information.
The banking system in India has changed over time, and today the customers of Uco Bank situated in Latur or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code UCBA0001859. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.
Details of IFSC Code for Uco Bank, Walni Mines, Latur
Here are the key points that are associated with the IFSC Code UCBA0001859 of Uco Bank for its branch located in Latur, within the district of Walandi in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Uco Bank |
| IFSC Code | UCBA0001859 |
| Branch | Walni Mines |
| City | Latur |
| District | Walandi |
| State | Maharashtra |
| Address | Uco Bank, Western Coallfields Ltd., At And Post Walni Colliery, Teh Saoner, Dist. Nagpur, Nagpur ,Maharashtra Pin 441102 |
These details helps users in online banking and for businesses and individuals who use Uco Bank in Latur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UCBA0001859 for the Walni Mines branch of Uco Bank plays a vital role.
What Is IFSC Code and Why Is It Important?
IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Uco Bank located in Walni Mines, Latur, Maharashtra, are given a unique IFSC like UCBA0001859 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Latur.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Latur and Walandi.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Uco Bank in Walni Mines goes to the correct branch. This is important because Uco Bank has thousands of branches in Maharashtra and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UCBA0001859
The format of the IFSC Code for banks, including Uco Bank, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): Show the bank code. For Uco Bank, 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 Walni Mines in Latur.
For example, the IFSC Code UCBA0001859 of Uco Bank for the Walni Mines branch includes these elements, identifying the bank and the branch location in Latur and Maharashtra accurately.
How to Find IFSC Code for Uco Bank?
If you are looking for the IFSC Code UCBA0001859 of Uco Bank for its Walni Mines branch located in Latur, the following methods can help:
Cheque Book
The cheque book that is issued by Uco Bank 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 Uco Bank branches in Latur and Walandi, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Uco Bank and look for the branch locator section, then search for Walni Mines or Latur to get the exact IFSC Code UCBA0001859.
Mobile Banking App
If you use Uco Bank'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 Uco Bank and Latur, then it will provide you proper information.
How to Use IFSC Code UCBA0001859 for Online Transfers?
Once you have the IFSC Code UCBA0001859 for the Walni Mines branch of Uco Bank in Latur, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UCBA0001859. Transfers are processed in batches. This is suitable for 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 Uco Bank IFSC Code UCBA0001859.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Uco Bank Walni Mines in Latur may result in delayed or failed transactions.
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 Uco Bank in Walni Mines, 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 Uco Bank website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Latur manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UCBA0001859.
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 Uco Bank, Western Coallfields Ltd., At And Post Walni Colliery, Teh Saoner, Dist. Nagpur, Nagpur ,Maharashtra Pin 441102 located in Latur, Walandi, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.