IFSC Code of Union Bank Of India, Boriguma, Koraput, Odisha — UBIN0574821

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Union Bank Of India for its Boriguma branch in Koraput, Koraput, Odisha, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Union Bank Of India located in Koraput or anywhere in Odisha can transfer funds instantly by using the correct IFSC Code UBIN0574821. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Union Bank Of India, Boriguma, Koraput

Below in the table are the key details related to IFSC Code UBIN0574821 of Union Bank Of India for its branch located in Koraput, within the district of Koraput in the state of Odisha.

These details help users in online banking and for businesses and individuals who use Union Bank Of India in Koraput for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0574821 for the Boriguma 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, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like UBIN0574821 is given to every bank branch, including Union Bank Of India located in Boriguma, Koraput, Odisha, to make sure that online payments reach the right place.

The IFSC Code is important because:

• It uniquely identifies the Union Bank Of India branch in Koraput.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any kind of confusion between multiple branches of the same bank across different places like Koraput and Koraput.
• It removes errors in fund transfers and improves accuracy.
• It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Odisha and the rest of India, which is why the IFSC Code ensures that transactions meant for Union Bank Of India in Boriguma doesn't end up at another location.

Format of the IFSC Code UBIN0574821

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): 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 Boriguma in Koraput.

For example, the IFSC Code UBIN0574821 of Union Bank Of India for the Boriguma branch includes these elements, identifying the bank and the branch location in Koraput and Odisha accurately.

How to Find IFSC Code for Union Bank Of India?

To find the IFSC Code UBIN0574821 of Union Bank Of India for its Boriguma branch located in Koraput, 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 Koraput and Koraput, 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 Boriguma or Koraput to find the exact IFSC Code UBIN0574821.

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 Koraput will provide accurate information.

How to Use IFSC Code UBIN0574821 for Online Transfers?

Once you have the IFSC Code UBIN0574821 for the Boriguma branch of Union Bank Of India in Koraput, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UBIN0574821. 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 UBIN0574821.

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 Boriguma in Koraput, it can result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Union Bank Of India in Boriguma, you can find it by any of the following ways:

• Check the bottom of your cheque leaf.
• Go to the first page of your passbook.
• Visit the official Union Bank Of India website.
• Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Koraput manage online transfers as well as cheque clearances with ease.