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 Gothangaon branch in Gondia, Gothangaon, Maharashtra, 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 Gondia or anywhere in Maharashtra can easily transfer funds instantly by using the correct IFSC Code UBIN0542679. 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, Gothangaon, Gondia
Here are some of the key details that come with the IFSC Code UBIN0542679 of Union Bank Of India for its branch located in Gondia, within the district of Gothangaon in the state of Maharashtra.
| Particulars | Details |
|---|---|
| Bank | Union Bank Of India |
| IFSC Code | UBIN0542679 |
| Branch | Gothangaon |
| City | Gondia |
| District | Gothangaon |
| State | Maharashtra |
| Address | Tibetian Camp, Post Pratapgarh, Taluka Arjuni(Mor), Dist.Bhandara, Maharashtra, Pin - 441 702 |
These details are crucial, not just for online banking users but also for businesses and individuals who use Union Bank Of India in Gondia for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0542679 for the Gothangaon 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 Gothangaon, Gondia, Maharashtra, is provided with a unique IFSC like UBIN0542679 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 Gondia.
- 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 Gondia and Gothangaon.
- 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 Gothangaon do not get mixed with another location.
Format of the IFSC Code UBIN0542679
The format of the IFSC Code for banks, including Union Bank Of India, follows an 11-character structure:
AAAA0CCCCCC
Here's the breakdown of this:
- First 4 characters (AAAA): Represent the bank code. For Union Bank Of India, these characters are the bank's short identifier.
- 5th character (0): Always zero which is reserved for future use.
- Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Gothangaon in Gondia.
For example, the IFSC Code UBIN0542679 of Union Bank Of India for the Gothangaon branch includes these elements, identifying the bank and the branch location in Gondia and Maharashtra accurately.
How to Find IFSC Code for Union Bank Of India?
If you are looking for the IFSC Code UBIN0542679 of Union Bank Of India for its Gothangaon branch located in Gondia, 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 Gondia and Gothangaon, 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 Gothangaon or Gondia to get the exact IFSC Code UBIN0542679.
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 Gondia, then it will provide you proper information.
How to Use IFSC Code UBIN0542679 for Online Transfers?
Once you have the IFSC Code UBIN0542679 for the Gothangaon branch of Union Bank Of India in Gondia, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UBIN0542679. 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 UBIN0542679.
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 Gothangaon in Gondia, 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 Gothangaon, 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 Gondia manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UBIN0542679.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Tibetian Camp, Post Pratapgarh, Taluka Arjuni(Mor), Dist.Bhandara, Maharashtra, Pin - 441 702 located in Gondia, Gothangaon, Maharashtra.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.