IFSC Code of Union Bank Of India, Lohardaga, Ranchi, Jharkhand — UBIN0559598

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 Lohardaga branch in Lohardaga, Ranchi, Jharkhand, 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 Lohardaga or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code UBIN0559598. 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, Lohardaga, Lohardaga

The table below shows the main details of the IFSC Code UBIN0559598 for the Union Bank Of India branch in Lohardaga, which falls under the Ranchi district in Jharkhand.

These details helps users in online banking and for businesses and individuals who use Union Bank Of India in Lohardaga for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0559598 for the Lohardaga 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 Lohardaga, Lohardaga, Jharkhand, is provided with a unique IFSC like UBIN0559598 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 Lohardaga.
• 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 Lohardaga and Ranchi.
• 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 Jharkhand and the rest of India and the IFSC Code ensures that transactions meant for Union Bank Of India in Lohardaga do not get mixed with another location.

Format of the IFSC Code UBIN0559598

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 Lohardaga in Lohardaga.

For example, the IFSC Code UBIN0559598 of Union Bank Of India for the Lohardaga branch includes these elements, identifying the bank and the branch location in Lohardaga and Jharkhand accurately.

How to Find IFSC Code for Union Bank Of India?

If you are trying to find the IFSC Code UBIN0559598 of Union Bank Of India for its Lohardaga branch located in Lohardaga, 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

Most banks, including Union Bank Of India branches in Lohardaga and Ranchi, print the IFSC and MICR codes 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 Lohardaga or Lohardaga to get the exact IFSC Code UBIN0559598.

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 Lohardaga, you'll get the correct details.

How to Use IFSC Code UBIN0559598 for Online Transfers?

Once you have the IFSC Code UBIN0559598 for the Lohardaga branch of Union Bank Of India in Lohardaga, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UBIN0559598. The transfer is completed in batches instead of instantly. It is useful for both 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 UBIN0559598.

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 Lohardaga in Lohardaga, 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 Lohardaga, 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 Lohardaga manage online transfers as well as cheque clearances with ease.