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 Madhepura branch in Madhepura, Madhepura, Bihar, 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 Madhepura or anywhere in Bihar can easily transfer funds instantly by using the correct IFSC Code UBIN0933520. 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, Madhepura, Madhepura
The table below shows the main details of the IFSC Code UBIN0933520 for the Union Bank Of India branch in Madhepura, which falls under the Madhepura district in Bihar.
| Particulars | Details |
|---|---|
| Bank | Union Bank Of India |
| IFSC Code | UBIN0933520 |
| Branch | Madhepura |
| City | Madhepura |
| District | Madhepura |
| State | Bihar |
| Address | Mohan Complex Ground Floor Ward No 4 College Chowk Dist Madhepura |
These details are important not only for users using online banking but also for businesses and individuals who use Union Bank Of India in Madhepura for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UBIN0933520 for the Madhepura branch of Union Bank Of India is vital.
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 Madhepura, Madhepura, Bihar, is provided with a unique IFSC like UBIN0933520 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 Madhepura.
- 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 Madhepura and Madhepura.
- 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 Bihar and the rest of India and the IFSC Code ensures that transactions meant for Union Bank Of India in Madhepura do not get mixed with another location.
Format of the IFSC Code UBIN0933520
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 Madhepura in Madhepura.
For example, the IFSC Code UBIN0933520 of Union Bank Of India for the Madhepura branch includes these elements, identifying the bank and the branch location in Madhepura and Bihar accurately.
How to Find IFSC Code for Union Bank Of India?
If you are trying to find the IFSC Code UBIN0933520 of Union Bank Of India for its Madhepura branch located in Madhepura, 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 Madhepura and Madhepura, 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 Madhepura or Madhepura to get the exact IFSC Code UBIN0933520.
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 Madhepura, you'll get the correct details.
How to Use IFSC Code UBIN0933520 for Online Transfers?
Once you have the IFSC Code UBIN0933520 for the Madhepura branch of Union Bank Of India in Madhepura, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UBIN0933520. 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 UBIN0933520.
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 Madhepura in Madhepura, it can 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 Madhepura, 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 Madhepura to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UBIN0933520.
Yes, but it can change during merging or restructuring of the bank.
No, MICR is for cheque clearing and IFSC is for online transfers.
You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.
The address of the branch is Mohan Complex Ground Floor Ward No 4 College Chowk Dist Madhepura located in Madhepura, Madhepura, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.