Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Union Bank Of India for its Red Eagle branch in Allahabad, Allahabad, Uttar Pradesh, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Union Bank Of India located in Allahabad or anywhere in Uttar Pradesh can transfer funds instantly by using the correct IFSC Code UBIN0553883. You should definitely 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, Red Eagle, Allahabad
Here are the key points that are associated with the IFSC Code UBIN0553883 of Union Bank Of India for its branch located in Allahabad, within the district of Allahabad in the state of Uttar Pradesh.
| Particulars | Details |
|---|---|
| Bank | Union Bank Of India |
| IFSC Code | UBIN0553883 |
| Branch | Red Eagle |
| City | Allahabad |
| District | Allahabad |
| State | Uttar Pradesh |
| Address | Red Eagle Army Headquarters, Teliar Ganj, Stanley Road, P.O. Cavalty Lines, Allahabad - 211 004, Uttar Pradesh. |
These details are important not only for users using online banking but also for businesses and individuals who use Union Bank Of India in Allahabad for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UBIN0553883 for the Red Eagle branch of Union Bank Of India 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 Union Bank Of India located in Red Eagle, Allahabad, Uttar Pradesh, is provided a unique IFSC like UBIN0553883 so that their online payments reach the right place.
The IFSC Code is important because:
- It uniquely recognizes the Union Bank Of India branch in Allahabad.
- 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 Allahabad and Allahabad.
- 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 Uttar Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Union Bank Of India in Red Eagle do not get misguided to another person.
Format of the IFSC Code UBIN0553883
The format of the IFSC Code for banks, including Union Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown:
- First 4 characters (AAAA): These represent the bank code. In Union Bank Of India, 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 Red Eagle in Allahabad.
For example, the IFSC Code UBIN0553883 of Union Bank Of India for the Red Eagle branch has these elements, identifying the bank and the branch location in Allahabad and Uttar Pradesh correctly.
How to Find IFSC Code for Union Bank Of India?
If you are looking for the IFSC Code UBIN0553883 of Union Bank Of India for its Red Eagle branch located in Allahabad, the following methods can help:
Cheque Book
The cheque book that is issued by Union Bank Of India 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 Union Bank Of India branches in Allahabad and Allahabad, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
You can visit the official website of Union Bank Of India and look for the branch locator section, then search for Red Eagle or Allahabad to get the exact IFSC Code UBIN0553883.
Mobile Banking App
If you use Union Bank Of India'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 Union Bank Of India and Allahabad, then it will provide you proper information.
How to Use IFSC Code UBIN0553883 for Online Transfers?
If you have the IFSC Code UBIN0553883 for the Red Eagle branch of Union Bank Of India in Allahabad, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UBIN0553883. Transfers are processed in batches. 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. Asks for the recipient's account details and Union Bank Of India IFSC Code UBIN0553883.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Union Bank Of India Red Eagle in Allahabad, it may result in delayed or failed transactions.
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 Red Eagle, 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 Allahabad to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UBIN0553883.
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 Red Eagle Army Headquarters, Teliar Ganj, Stanley Road, P.O. Cavalty Lines, Allahabad - 211 004, Uttar Pradesh. located in Allahabad, Allahabad, Uttar Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.