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 Rims branch in Prakasam, Ongole, Andhra Pradesh, 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 Prakasam or anywhere in Andhra Pradesh can easily transfer funds instantly by using the correct IFSC Code UBIN0817562. 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, Rims, Prakasam
The table below shows the main details of the IFSC Code UBIN0817562 for the Union Bank Of India branch in Prakasam, which falls under the Ongole district in Andhra Pradesh.
| Particulars | Details |
|---|---|
| Bank | Union Bank Of India |
| IFSC Code | UBIN0817562 |
| Branch | Rims |
| City | Prakasam |
| District | Ongole |
| State | Andhra Pradesh |
| Address | Dno.37-1-421(9),Iv Floor,5Th Lane,Bhagyanagar,Ongole -523001 |
These details help users in online banking and for businesses and individuals who use Union Bank Of India in Prakasam for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0817562 for the Rims 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 Rims, Prakasam, Andhra Pradesh, are allotted a unique IFSC like UBIN0817562 to ensure that online payments reach the right destination.
The IFSC Code is important because:
- It clearly tells which bank branch it is in Prakasam.
- It helps NEFT, RTGS, and IMPS systems route the transfer securely.
- It prevents confusion between different branches of the same bank in places like Prakasam and Ongole.
- 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 Rims reaches the right place, even though there are thousands of branches in Andhra Pradesh and across India.
Format of the IFSC Code UBIN0817562
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 Rims in Prakasam.
For example, the IFSC Code UBIN0817562 of Union Bank Of India for the Rims branch includes these elements, identifying the bank and the branch location in Prakasam and Andhra Pradesh accurately.
How to Find IFSC Code for Union Bank Of India?
If you are looking for the IFSC Code UBIN0817562 of Union Bank Of India for its Rims branch located in Prakasam, 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 Prakasam and Ongole, 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 Rims or Prakasam to get the exact IFSC Code UBIN0817562.
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 Prakasam, then it will provide you proper information.
How to Use IFSC Code UBIN0817562 for Online Transfers?
If you have the IFSC Code UBIN0817562 for the Rims branch of Union Bank Of India in Prakasam, you can easily go ahead with fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UBIN0817562. Transfers are processed in batches. 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. Asks for the recipient's account details and Union Bank Of India IFSC Code UBIN0817562.
Whatever method you choose, the accuracy of the IFSC Code is important and needed. In case there is any mistake in entering the IFSC Code for Union Bank Of India Rims in Prakasam, it may 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 Rims, 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 Prakasam to handle online money transfers and get their cheques cleared smoothly.
Frequently Asked Questions (FAQs)
The IFSC Code is UBIN0817562.
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 Dno.37-1-421(9),Iv Floor,5Th Lane,Bhagyanagar,Ongole -523001 located in Prakasam, Ongole, Andhra Pradesh.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.