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 Makardhokada branch in Nagpur, Makardhokada, Maharashtra, 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 Nagpur or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UBIN0543403. 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, Makardhokada, Nagpur

The table below shows the main details of the IFSC Code UBIN0543403 for the Union Bank Of India branch in Nagpur, which falls under the Makardhokada district in Maharashtra.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0543403
Branch Makardhokada
City Nagpur
District Makardhokada
State Maharashtra
Address At & Post Makardhokada, Taluka - Umred, Dist. Nagpur, Maharashtra Pin - 441 203.

These details help users in online banking and for businesses and individuals who use Union Bank Of India in Nagpur for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0543403 for the Makardhokada 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 provided by the Reserve Bank of India. Every bank branch, along with Union Bank Of India located in Makardhokada, Nagpur, Maharashtra, are allotted a unique IFSC like UBIN0543403 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Nagpur.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Nagpur and Makardhokada.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Union Bank Of India in Makardhokada reaches the right place, even though there are thousands of branches in Maharashtra and across India.

Format of the IFSC Code UBIN0543403

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): These represent the bank code. In Union Bank Of India, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Makardhokada in Nagpur.

For example, the IFSC Code UBIN0543403 of Union Bank Of India for the Makardhokada branch has these elements, identifying the bank and the branch location in Nagpur and Maharashtra correctly.

How to Find IFSC Code for Union Bank Of India?

If you are looking for the IFSC Code UBIN0543403 of Union Bank Of India for its Makardhokada branch located in Nagpur, 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 Nagpur and Makardhokada, 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 Makardhokada or Nagpur to get the exact IFSC Code UBIN0543403.

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 Nagpur, then it will provide you proper information.

How to Use IFSC Code UBIN0543403 for Online Transfers?

Once you have the IFSC Code UBIN0543403 for the Makardhokada branch of Union Bank Of India in Nagpur, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UBIN0543403. 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 UBIN0543403.

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 Makardhokada in Nagpur, 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 Makardhokada, 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 Nagpur 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 in Makardhokada, Nagpur?

The IFSC Code is UBIN0543403.

Is the IFSC Code UBIN0543403 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and IFSC is for online transfers.

Where can I find the IFSC Code of Union Bank Of India Makardhokada?

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Makardhokada branch?

The address of the branch is At & Post Makardhokada, Taluka - Umred, Dist. Nagpur, Maharashtra Pin - 441 203. located in Nagpur, Makardhokada, Maharashtra.

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.