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 Omfed Square Bhubneshwar branch in Khurda, Bubneshwar, Odisha, 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 Khurda or anywhere in Odisha can easily transfer funds instantly by using the correct IFSC Code UBIN0558893. 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, Omfed Square Bhubneshwar, Khurda

Here are the main details that are associated with the IFSC Code UBIN0558893 of Union Bank Of India for its branch located in Khurda, within the district of Bubneshwar in the state of Odisha.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0558893
Branch Omfed Square Bhubneshwar
City Khurda
District Bubneshwar
State Odisha
Address Omfed Square,Chandrasekharpur, Bhubaneshwar

These details help users in online banking and for businesses and individuals who use Union Bank Of India in Khurda for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0558893 for the Omfed Square Bhubneshwar branch of Union Bank Of India has a very 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 Omfed Square Bhubneshwar, Khurda, Odisha, is provided a unique IFSC like UBIN0558893 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 Khurda.
  • 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 Khurda and Bubneshwar.
  • 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 Odisha and the rest of India, the IFSC Code ensures that transactions meant for Union Bank Of India in Omfed Square Bhubneshwar do not get misguided to another person.

Format of the IFSC Code UBIN0558893

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 Omfed Square Bhubneshwar in Khurda.

For example, the IFSC Code UBIN0558893 of Union Bank Of India for the Omfed Square Bhubneshwar branch includes these elements, identifying the bank and the branch location in Khurda and Odisha correctly.

How to Find IFSC Code for Union Bank Of India?

If you are looking for the IFSC Code UBIN0558893 of Union Bank Of India for its Omfed Square Bhubneshwar branch located in Khurda, 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 Khurda and Bubneshwar, 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 Omfed Square Bhubneshwar or Khurda to get the exact IFSC Code UBIN0558893.

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 Khurda, then it will provide you proper information.

How to Use IFSC Code UBIN0558893 for Online Transfers?

If you have the IFSC Code UBIN0558893 for the Omfed Square Bhubneshwar branch of Union Bank Of India in Khurda, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UBIN0558893. 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 UBIN0558893.

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 Omfed Square Bhubneshwar in Khurda, it may 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 Omfed Square Bhubneshwar, here are some ways to obtain 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.

Having both the IFSC and MICR codes makes it easy for account holders in Khurda to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Union Bank Of India Omfed Square Bhubneshwar Khurda?

The IFSC Code of the Omfed Square Bhubneshwar Khurda branch is UBIN0558893.

Is IFSC Code UBIN0558893 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Union Bank Of India Omfed Square Bhubneshwar branch?

The branch is located at Omfed Square,Chandrasekharpur, Bhubaneshwar.

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.