The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Union Bank Of India for its Gotegaon branch in Narsinghpur, Gotegaon, Madhya Pradesh, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Union Bank Of India located in Narsinghpur or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code UBIN0555304. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Union Bank Of India, Gotegaon, Narsinghpur

Here are the main details that are associated with the IFSC Code UBIN0555304 of Union Bank Of India for its branch located in Narsinghpur, within the district of Gotegaon in the state of Madhya Pradesh.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0555304
Branch Gotegaon
City Narsinghpur
District Gotegaon
State Madhya Pradesh
Address Chourishi Complex, Near Alka Talkies,Main Road, Gotegaon - 487 118,Madhya Pradesh.

These details are crucial, not just for online banking users but also for businesses and individuals who use Union Bank Of India in Narsinghpur for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0555304 for the Gotegaon branch of Union Bank Of India has an important 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 Gotegaon, Narsinghpur, Madhya Pradesh, is provided a unique IFSC like UBIN0555304 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 Narsinghpur.
  • 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 Narsinghpur and Gotegaon.
  • 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 Madhya Pradesh and the rest of India, the IFSC Code ensures that transactions meant for Union Bank Of India in Gotegaon do not get misguided to another person.

Format of the IFSC Code UBIN0555304

The format of the IFSC Code for banks, including Union Bank Of India, has 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 Gotegaon in Narsinghpur.

For example, the IFSC Code UBIN0555304 of Union Bank Of India for the Gotegaon branch includes these elements, identifying the bank and the branch location in Narsinghpur and Madhya Pradesh correctly.

How to Find IFSC Code for Union Bank Of India?

If you are trying to find the IFSC Code UBIN0555304 of Union Bank Of India for its Gotegaon branch located in Narsinghpur, 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 Narsinghpur and Gotegaon, 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 Gotegaon or Narsinghpur to get the exact IFSC Code UBIN0555304.

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 Narsinghpur, you'll get the correct details.

How to Use IFSC Code UBIN0555304 for Online Transfers?

Once you have the IFSC Code UBIN0555304 for the Gotegaon branch of Union Bank Of India in Narsinghpur, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UBIN0555304. Transfers are processed in batches. This is suitable for 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 UBIN0555304.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Union Bank Of India Gotegaon in Narsinghpur may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Union Bank Of India in Gotegaon, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Narsinghpur manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Union Bank Of India Gotegaon Narsinghpur?

The IFSC Code of the Gotegaon Narsinghpur branch is UBIN0555304.

Is IFSC Code UBIN0555304 permanent?

Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.

Is IFSC the same as MICR?

No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.

Where can I find the IFSC Code of my bank branch?

You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.

What is the address of the Union Bank Of India Gotegaon branch?

The branch is located at Chourishi Complex, Near Alka Talkies,Main Road, Gotegaon - 487 118,Madhya Pradesh..

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.