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 Tatanagar branch in Paschimi Singbhum, Tatanagar, Jharkhand, 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 Paschimi Singbhum or anywhere in Jharkhand can easily transfer funds instantly by using the correct IFSC Code UBIN0805696. 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, Tatanagar, Paschimi Singbhum
Here are some of the key details that come with the IFSC Code UBIN0805696 of Union Bank Of India for its branch located in Paschimi Singbhum, within the district of Tatanagar in the state of Jharkhand.
| Particulars | Details |
|---|---|
| Bank | Union Bank Of India |
| IFSC Code | UBIN0805696 |
| Branch | Tatanagar |
| City | Paschimi Singbhum |
| District | Tatanagar |
| State | Jharkhand |
| Address | 1St Floor,Hindustan Buildingboluevard Road,Bistupur,Jamshedpur |
These details are crucial, not just for online banking users but also for businesses and individuals who use Union Bank Of India in Paschimi Singbhum for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0805696 for the Tatanagar 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, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Union Bank Of India located in Tatanagar, Paschimi Singbhum, Jharkhand, is provided with a unique IFSC like UBIN0805696 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 Paschimi Singbhum.
- 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 Paschimi Singbhum and Tatanagar.
- 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 Tatanagar do not get mixed with another location.
Format of the IFSC Code UBIN0805696
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 Tatanagar in Paschimi Singbhum.
For example, the IFSC Code UBIN0805696 of Union Bank Of India for the Tatanagar branch includes these elements, identifying the bank and the branch location in Paschimi Singbhum and Jharkhand accurately.
How to Find IFSC Code for Union Bank Of India?
If you are looking for the IFSC Code UBIN0805696 of Union Bank Of India for its Tatanagar branch located in Paschimi Singbhum, 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 Paschimi Singbhum and Tatanagar, 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 Tatanagar or Paschimi Singbhum to get the exact IFSC Code UBIN0805696.
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 Paschimi Singbhum, then it will provide you proper information.
How to Use IFSC Code UBIN0805696 for Online Transfers?
Once you have the IFSC Code UBIN0805696 for the Tatanagar branch of Union Bank Of India in Paschimi Singbhum, you can start with your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UBIN0805696. 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 UBIN0805696.
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 Tatanagar in Paschimi Singbhum, 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 Tatanagar, 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 Paschimi Singbhum to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UBIN0805696.
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 1St Floor,Hindustan Buildingboluevard Road,Bistupur,Jamshedpur located in Paschimi Singbhum, Tatanagar, Jharkhand.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.