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 Currency Chest Kantatoli branch in Kantatoli, Kantatoli, Jharkhand, 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 Kantatoli or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code UBIN0584258. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Union Bank Of India, Currency Chest Kantatoli, Kantatoli
Below in the table are the key details related to IFSC Code UBIN0584258 of Union Bank Of India for its branch located in Kantatoli, within the district of Kantatoli in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Union Bank Of India |
| IFSC Code | UBIN0584258 |
| Branch | Currency Chest Kantatoli |
| City | Kantatoli |
| District | Kantatoli |
| State | Jharkhand |
| Address | Katchi Bhawan,Purulia Road |
These details are crucial, not just for online banking users but also for businesses and individuals who use Union Bank Of India in Kantatoli for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0584258 for the Currency Chest Kantatoli 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Union Bank Of India located in Currency Chest Kantatoli, Kantatoli, Jharkhand, is provided a unique IFSC like UBIN0584258 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 Kantatoli.
- 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 Kantatoli and Kantatoli.
- 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 Jharkhand and the rest of India, the IFSC Code ensures that transactions meant for Union Bank Of India in Currency Chest Kantatoli do not get misguided to another person.
Format of the IFSC Code UBIN0584258
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 Currency Chest Kantatoli in Kantatoli.
For example, the IFSC Code UBIN0584258 of Union Bank Of India for the Currency Chest Kantatoli branch has these elements, identifying the bank and the branch location in Kantatoli and Jharkhand correctly.
How to Find IFSC Code for Union Bank Of India?
If you are trying to find the IFSC Code UBIN0584258 of Union Bank Of India for its Currency Chest Kantatoli branch located in Kantatoli, 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 Kantatoli and Kantatoli, 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 Currency Chest Kantatoli or Kantatoli to get the exact IFSC Code UBIN0584258.
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 Kantatoli that will provide accurate information.
How to Use IFSC Code UBIN0584258 for Online Transfers?
Once you have the IFSC Code UBIN0584258 for the Currency Chest Kantatoli branch of Union Bank Of India in Kantatoli, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UBIN0584258. Transfers are processed in batches. This is 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. Requires the recipient's account details and Union Bank Of India IFSC Code UBIN0584258.
Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Union Bank Of India Currency Chest Kantatoli in Kantatoli 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 Currency Chest Kantatoli, 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 Kantatoli manage their online transfers and cheque clearances easily.
Frequently Asked Questions (FAQs)
The IFSC Code is UBIN0584258.
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 Katchi Bhawan,Purulia Road located in Kantatoli, Kantatoli, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.