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 Sakri branch in Dhule, Sakri, Maharashtra, 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 Dhule or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UBIN0566594. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Union Bank Of India, Sakri, Dhule

Here are some of the key details that come with the IFSC Code UBIN0566594 of Union Bank Of India for its branch located in Dhule, within the district of Sakri in the state of Maharashtra.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0566594
Branch Sakri
City Dhule
District Sakri
State Maharashtra
Address Sakri Sakri Maharashtra 424304

These details helps users in online banking and for businesses and individuals who use Union Bank Of India in Dhule for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0566594 for the Sakri 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, including Union Bank Of India located in Sakri, Dhule, Maharashtra, is provided with a unique IFSC like UBIN0566594 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 Dhule.
  • 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 Dhule and Sakri.
  • 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 Maharashtra and the rest of India and the IFSC Code ensures that transactions meant for Union Bank Of India in Sakri do not get mixed with another location.

Format of the IFSC Code UBIN0566594

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 Sakri in Dhule.

For example, the IFSC Code UBIN0566594 of Union Bank Of India for the Sakri branch has these elements, identifying the bank and the branch location in Dhule and Maharashtra correctly.

How to Find IFSC Code for Union Bank Of India?

If you are trying to find the IFSC Code UBIN0566594 of Union Bank Of India for its Sakri branch located in Dhule, 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 Dhule and Sakri, 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 Sakri or Dhule to get the exact IFSC Code UBIN0566594.

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 Dhule, you'll get the correct details.

How to Use IFSC Code UBIN0566594 for Online Transfers?

Once you have the IFSC Code UBIN0566594 for the Sakri branch of Union Bank Of India in Dhule, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UBIN0566594. Transfers are processed in batches. Suitable for personal and business payments.

RTGS

Used for payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. You need the recipient's account details and Union Bank Of India IFSC Code UBIN0566594.

Whatever method you choose, the accuracy of the IFSC Code is highly important. If there is any mistake in entering the IFSC Code for Union Bank Of India Sakri in Dhule, it can 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 Sakri, here are some ways that 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.

If you know both IFSC and MICR codes, then it can help account holders in Dhule manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Union Bank Of India in Sakri, Dhule?

The IFSC Code is UBIN0566594.

Is the IFSC Code UBIN0566594 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 Sakri?

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 Sakri branch?

The address of the branch is Sakri Sakri Maharashtra 424304 located in Dhule, Sakri, 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.