Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Union Bank Of India for its Urban Estate Phase Jallandhar branch in Jalandhar, Jallandhar, Punjab, then this guide will give you detailed information.
The banking system has evolved significantly in India, and today the customers of Union Bank Of India located in Jalandhar or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UBIN0553962. You should definitely 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, Urban Estate Phase Jallandhar, Jalandhar
Below in the table are the key details related to IFSC Code UBIN0553962 of Union Bank Of India for its branch located in Jalandhar, within the district of Jallandhar in the state of Punjab.
| Particulars | Details |
|---|---|
| Bank | Union Bank Of India |
| IFSC Code | UBIN0553962 |
| Branch | Urban Estate Phase Jallandhar |
| City | Jalandhar |
| District | Jallandhar |
| State | Punjab |
| Address | Sco 31 Urban Estate Phase Ii Jalandhar |
These details helps users in online banking and for businesses and individuals who use Union Bank Of India in Jalandhar for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0553962 for the Urban Estate Phase Jallandhar 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 Urban Estate Phase Jallandhar, Jalandhar, Punjab, is provided with a unique IFSC like UBIN0553962 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 Jalandhar.
- 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 Jalandhar and Jallandhar.
- 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 Punjab and the rest of India and the IFSC Code ensures that transactions meant for Union Bank Of India in Urban Estate Phase Jallandhar do not get mixed with another location.
Format of the IFSC Code UBIN0553962
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 Urban Estate Phase Jallandhar in Jalandhar.
For example, the IFSC Code UBIN0553962 of Union Bank Of India for the Urban Estate Phase Jallandhar branch has these elements, identifying the bank and the branch location in Jalandhar and Punjab correctly.
How to Find IFSC Code for Union Bank Of India?
If you are trying to find the IFSC Code UBIN0553962 of Union Bank Of India for its Urban Estate Phase Jallandhar branch located in Jalandhar, 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 Jalandhar and Jallandhar, 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 Urban Estate Phase Jallandhar or Jalandhar to get the exact IFSC Code UBIN0553962.
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 Jalandhar that will provide accurate information.
How to Use IFSC Code UBIN0553962 for Online Transfers?
If you have the IFSC Code UBIN0553962 for the Urban Estate Phase Jallandhar branch of Union Bank Of India in Jalandhar, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UBIN0553962. Transfers are processed in batches. Suitable for personal and business payments.
RTGS
Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.
IMPS
Instant 24×7 transfers. Asks for the recipient's account details and Union Bank Of India IFSC Code UBIN0553962.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Union Bank Of India Urban Estate Phase Jallandhar in Jalandhar, it may 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 Urban Estate Phase Jallandhar, 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 Jalandhar manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code of the Urban Estate Phase Jallandhar Jalandhar branch is UBIN0553962.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at Sco 31 Urban Estate Phase Ii Jalandhar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.