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 Union Bank Of India for its Rashin branch in Ahmednagar, Rashin, 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 Union Bank Of India situated in Ahmednagar or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code UBIN0536423. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Union Bank Of India, Rashin, Ahmednagar

Here are the main details that are associated with the IFSC Code UBIN0536423 of Union Bank Of India for its branch located in Ahmednagar, within the district of Rashin in the state of Maharashtra.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0536423
Branch Rashin
City Ahmednagar
District Rashin
State Maharashtra
Address Doshi Building, At & Post Rashin, Taluka Karjat, Dist. Ahmednagar, Pin - 414 403.

These details helps users in online banking and for businesses and individuals who use Union Bank Of India in Ahmednagar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0536423 for the Rashin branch of Union Bank Of India 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 Union Bank Of India located in Rashin, Ahmednagar, Maharashtra, are allotted a unique IFSC like UBIN0536423 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Ahmednagar.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Ahmednagar and Rashin.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Union Bank Of India in Rashin reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code UBIN0536423

The format of the IFSC Code for banks, including Union Bank Of India, has an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Union Bank Of India, 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 Rashin in Ahmednagar.

For example, the IFSC Code UBIN0536423 of Union Bank Of India for the Rashin branch includes these elements, identifying the bank and the branch location in Ahmednagar and Maharashtra correctly.

How to Find IFSC Code for Union Bank Of India?

If you are trying to find the IFSC Code UBIN0536423 of Union Bank Of India for its Rashin branch located in Ahmednagar, the following methods can help:

Cheque Book

The cheque book issued by Union Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Union Bank Of India branches in Ahmednagar and Rashin, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Union Bank Of India and navigate to the branch locator section. Search for Rashin or Ahmednagar to get the exact IFSC Code UBIN0536423.

Mobile Banking App

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

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Union Bank Of India and Ahmednagar, you'll get the correct details.

How to Use IFSC Code UBIN0536423 for Online Transfers?

Once you have the IFSC Code UBIN0536423 for the Rashin branch of Union Bank Of India in Ahmednagar, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UBIN0536423. 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 Union Bank Of India IFSC Code UBIN0536423.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Union Bank Of India Rashin in Ahmednagar, 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 Union Bank Of India in Rashin, 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 Union Bank Of India website.
  • Search the RBI portal.

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

Frequently Asked Questions (FAQs)

What is the IFSC Code of Union Bank Of India in Rashin, Ahmednagar?

The IFSC Code is UBIN0536423.

Is the IFSC Code UBIN0536423 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Union Bank Of India Rashin?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Rashin branch?

The address of the branch is Doshi Building, At & Post Rashin, Taluka Karjat, Dist. Ahmednagar, Pin - 414 403. located in Ahmednagar, Rashin, Maharashtra.

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.