IFSC Code of Union Bank Of India, Hatta, Hatta, Madhya Pradesh — UBIN0559474

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 Hatta branch in Damoh, Hatta, Madhya Pradesh, 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 Damoh or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code UBIN0559474. 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, Hatta, Damoh

Below in the table are the key details related to IFSC Code UBIN0559474 of Union Bank Of India for its branch located in Damoh, within the district of Hatta in the state of Madhya Pradesh.

These details are crucial, not just for online banking users but also for businesses and individuals who use Union Bank Of India in Damoh for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0559474 for the Hatta branch of Union Bank Of India has an important 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, including Union Bank Of India located in Hatta, Damoh, Madhya Pradesh, is provided with a unique IFSC like UBIN0559474 to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Union Bank Of India branch in Damoh.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Damoh and Hatta.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Union Bank Of India in Hatta do not get mixed with another location.

Format of the IFSC Code UBIN0559474

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 Hatta in Damoh.

For example, the IFSC Code UBIN0559474 of Union Bank Of India for the Hatta branch has these elements, identifying the bank and the branch location in Damoh and Madhya Pradesh correctly.

How to Find IFSC Code for Union Bank Of India?

To find the IFSC Code UBIN0559474 of Union Bank Of India for its Hatta branch located in Damoh, the following methods can help you out:

Cheque Book

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

Passbook

Most banks, including Union Bank Of India branches in Damoh and Hatta, 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 go to the branch locator section. Then search for Hatta or Damoh to find the exact IFSC Code UBIN0559474.

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 maintains an updated database of all IFSC codes. Searching for Union Bank Of India and Damoh will provide accurate information.

How to Use IFSC Code UBIN0559474 for Online Transfers?

Once you have the IFSC Code UBIN0559474 for the Hatta branch of Union Bank Of India in Damoh, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UBIN0559474. 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 UBIN0559474.

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 Hatta in Damoh, 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 Hatta, 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 Damoh manage their online transfers and cheque clearances easily.