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 Veerappanpalayam branch in Erode, Veerappan Chatram, Tamil Nadu, 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 Erode or anywhere in Tamil Nadu can transfer funds instantly by using the correct IFSC Code UBIN0557889. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Union Bank Of India, Veerappanpalayam, Erode

The table below shows the main details of the IFSC Code UBIN0557889 for the Union Bank Of India branch in Erode, which falls under the Veerappan Chatram district in Tamil Nadu.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0557889
Branch Veerappanpalayam
City Erode
District Veerappan Chatram
State Tamil Nadu
Address 102 Perundurai Main Road Veerappanpalayam Pirivu Erode Ero Tamilnadu Pin 638012

These details helps users in online banking and for businesses and individuals who use Union Bank Of India in Erode for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0557889 for the Veerappanpalayam 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Union Bank Of India located in Veerappanpalayam, Erode, Tamil Nadu, is provided a unique IFSC like UBIN0557889 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 Erode.
  • 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 Erode and Veerappan Chatram.
  • 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 Tamil Nadu and the rest of India, the IFSC Code ensures that transactions meant for Union Bank Of India in Veerappanpalayam do not get misguided to another person.

Format of the IFSC Code UBIN0557889

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 Veerappanpalayam in Erode.

For example, the IFSC Code UBIN0557889 of Union Bank Of India for the Veerappanpalayam branch includes these elements, identifying the bank and the branch location in Erode and Tamil Nadu correctly.

How to Find IFSC Code for Union Bank Of India?

To find the IFSC Code UBIN0557889 of Union Bank Of India for its Veerappanpalayam branch located in Erode, 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 Erode and Veerappan Chatram, 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 Veerappanpalayam or Erode to find the exact IFSC Code UBIN0557889.

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 Erode will provide accurate information.

How to Use IFSC Code UBIN0557889 for Online Transfers?

Once you have the IFSC Code UBIN0557889 for the Veerappanpalayam branch of Union Bank Of India in Erode, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UBIN0557889. 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 UBIN0557889.

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 Veerappanpalayam in Erode, it can result in delayed or failed transactions.

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 Veerappanpalayam, 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 Erode manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Union Bank Of India in Veerappanpalayam, Erode?

The IFSC Code is UBIN0557889.

Is the IFSC Code UBIN0557889 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

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

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

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Veerappanpalayam branch?

The address of the branch is 102 Perundurai Main Road Veerappanpalayam Pirivu Erode Ero Tamilnadu Pin 638012 located in Erode, Veerappan Chatram, Tamil Nadu.

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.