IFSC Code of Union Bank Of India, Basudebpur, Basudebpur, Odisha — UBIN0571628

For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Union Bank Of India for its Basudebpur branch in Bhadrak, Basudebpur, Odisha, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Union Bank Of India located in Bhadrak or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UBIN0571628. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Union Bank Of India, Basudebpur, Bhadrak

Here are the main details that are associated with the IFSC Code UBIN0571628 of Union Bank Of India for its branch located in Bhadrak, within the district of Basudebpur in the state of Odisha.

These details are essential not only for online banking users but also for businesses and individuals who use Union Bank Of India in Bhadrak for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0571628 for the Basudebpur branch of Union Bank Of India 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 UBIN0571628 is given to every bank branch, including Union Bank Of India located in Basudebpur, Bhadrak, Odisha, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Union Bank Of India branch in Bhadrak.
• 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 Bhadrak and Basudebpur.
• 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 Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Union Bank Of India in Basudebpur doesn't end up at another location.

Format of the IFSC Code UBIN0571628

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 Basudebpur in Bhadrak.

For example, the IFSC Code UBIN0571628 of Union Bank Of India for the Basudebpur branch has these elements, identifying the bank and the branch location in Bhadrak and Odisha correctly.

How to Find IFSC Code for Union Bank Of India?

If you are trying to find the IFSC Code UBIN0571628 of Union Bank Of India for its Basudebpur branch located in Bhadrak, the following methods can help:

Cheque Book

The cheque books that are issued by Union Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.

Passbook

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

Bank Website

Visit the official website of Union Bank Of India and find the branch locator section. Search for Basudebpur or Bhadrak to get the exact IFSC Code UBIN0571628.

Mobile Banking App

If you use Union Bank Of India's mobile app, you can easily 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 to help you in searching for Union Bank Of India and Bhadrak that will provide accurate information.

How to Use IFSC Code UBIN0571628 for Online Transfers?

Once you have the IFSC Code UBIN0571628 for the Basudebpur branch of Union Bank Of India in Bhadrak, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UBIN0571628. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 UBIN0571628.

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 Basudebpur in Bhadrak, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Union Bank Of India in Basudebpur, here are some of the ways you can get 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.

Knowing both IFSC and MICR code can help account holders in Bhadrak manage their online transfers and cheque clearances easily.