IFSC Code of Union Bank Of India, Union Loan Point Kozhikode, Kozhikode, Kerala- UBIN0559032

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 Union Loan Point Kozhikode branch in Kozhikode, Kozhikode, Kerala, 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 Kozhikode or anywhere in Kerala can transfer funds instantly by using the correct IFSC Code UBIN0559032. 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, Union Loan Point Kozhikode, Kozhikode

The table below shows the main details of the IFSC Code UBIN0559032 for the Union Bank Of India branch in Kozhikode, which falls under the Kozhikode district in Kerala.

These details helps users in online banking and for businesses and individuals who use Union Bank Of India in Kozhikode for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0559032 for the Union Loan Point Kozhikode 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Union Bank Of India located in Union Loan Point Kozhikode, Kozhikode, Kerala, is provided a unique IFSC like UBIN0559032 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 Kozhikode.
• 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 Kozhikode and Kozhikode.
• 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 Kerala and the rest of India, the IFSC Code ensures that transactions meant for Union Bank Of India in Union Loan Point Kozhikode do not get misguided to another person.

Format of the IFSC Code UBIN0559032

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 Union Loan Point Kozhikode in Kozhikode.

For example, the IFSC Code UBIN0559032 of Union Bank Of India for the Union Loan Point Kozhikode branch includes these elements, identifying the bank and the branch location in Kozhikode and Kerala accurately.

How to Find IFSC Code for Union Bank Of India?

If you are trying to find the IFSC Code UBIN0559032 of Union Bank Of India for its Union Loan Point Kozhikode branch located in Kozhikode, the following methods can help:

Cheque Book

The cheque book issued by Union Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Union Bank Of India branches in Kozhikode and Kozhikode, print them on the first page of your passbook.

Bank Website

Visit the official website of Union Bank Of India and navigate to the branch locator section. Search for Union Loan Point Kozhikode or Kozhikode to get the exact IFSC Code UBIN0559032.

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 keeps an updated list of all IFSC codes. If you search for Union Bank Of India and Kozhikode, you'll get the correct details.

How to Use IFSC Code UBIN0559032 for Online Transfers?

Once you have the IFSC Code UBIN0559032 for the Union Loan Point Kozhikode branch of Union Bank Of India in Kozhikode, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UBIN0559032. The transfer is completed in batches. It is useful for both personal and business payments.

RTGS

Used for payments over ₹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 UBIN0559032.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Union Bank Of India Union Loan Point Kozhikode in Kozhikode, your payment can get delayed or might not go through at all.

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 Union Loan Point Kozhikode, 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 Kozhikode manage online transfers as well as cheque clearances with ease.