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. Banks need the correct IFSC Code for NEFT, RTGS, or IMPS transfers to reach the right branch. If you are looking for the IFSC Code of Union Bank Of India for its Rahui branch in Nalanda, Bihar Sharif, or Bihar, this guide will help you with all the details.
There have been major changes in the banking sector in India and today, the customers of Union Bank Of India located in Nalanda or anywhere in Bihar can transfer funds instantly by using the correct IFSC Code UBIN0576247. 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, Rahui, Nalanda
Below in the table are the key details related to IFSC Code UBIN0576247 of Union Bank Of India for its branch located in Nalanda, within the district of Bihar Sharif in the state of Bihar.
| Particulars | Details |
|---|---|
| Bank | Union Bank Of India |
| IFSC Code | UBIN0576247 |
| Branch | Rahui |
| City | Nalanda |
| District | Bihar Sharif |
| State | Bihar |
| Address | Rahui Nr P O District Nalanda Rahui Bihar Sharif Pin 803119 |
These details helps users in online banking and for businesses and individuals who use Union Bank Of India in Nalanda for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0576247 for the Rahui 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, along with Union Bank Of India located in Rahui, Nalanda, Bihar, are given a unique IFSC like UBIN0576247 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Nalanda.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents any kind of confusion between different branches of the same bank in places like Nalanda and Bihar Sharif.
- It reduces errors in fund transfers and improves accuracy.
- It helps the sender banks to validate and confirm branch details before processing payments.
It helps ensure that any money sent to Union Bank Of India in Rahui goes to the correct branch. This is important because Union Bank Of India has thousands of branches in Bihar and all over India, and the IFSC Code prevents payments from going to the wrong place.
Format of the IFSC Code UBIN0576247
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 Rahui in Nalanda.
For example, the IFSC Code UBIN0576247 of Union Bank Of India for the Rahui branch has these elements, identifying the bank and the branch location in Nalanda and Bihar correctly.
How to Find IFSC Code for Union Bank Of India?
To find the IFSC Code UBIN0576247 of Union Bank Of India for its Rahui branch located in Nalanda, 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 Nalanda and Bihar Sharif, 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 Rahui or Nalanda to find the exact IFSC Code UBIN0576247.
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 Nalanda will provide accurate information.
How to Use IFSC Code UBIN0576247 for Online Transfers?
Once you have the IFSC Code UBIN0576247 for the Rahui branch of Union Bank Of India in Nalanda, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UBIN0576247. 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 UBIN0576247.
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 Rahui in Nalanda, 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 Rahui, here are some ways that you can get 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.
If you know both IFSC and MICR codes, then it can help account holders in Nalanda manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code is UBIN0576247.
Yes, but it can change if the bank merges or goes through restructuring.
No. MICR is for cheque clearing; IFSC is for online transfers.
You can find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.
The address of the branch is Rahui Nr P O District Nalanda Rahui Bihar Sharif Pin 803119 located in Nalanda, Bihar Sharif, Bihar.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.