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 Jamshedpur - Ssi Finance Branch branch in Purbi Singhbhum, Jamshedpur, Jharkhand, 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 Purbi Singhbhum or anywhere in Jharkhand can transfer funds instantly by using the correct IFSC Code UBIN0550591. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Union Bank Of India, Jamshedpur - Ssi Finance Branch, Purbi Singhbhum

Here are the key points that are associated with the IFSC Code UBIN0550591 of Union Bank Of India for its branch located in Purbi Singhbhum, within the district of Jamshedpur in the state of Jharkhand.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0550591
Branch Jamshedpur - Ssi Finance Branch
City Purbi Singhbhum
District Jamshedpur
State Jharkhand
Address Opp. Ram Mandir, Bistupur, Jamshedpur,Jharkhand,Pin - 831 001.

These details helps users in online banking and for businesses and individuals who use Union Bank Of India in Purbi Singhbhum for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0550591 for the Jamshedpur - Ssi Finance Branch 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, which is an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Union Bank Of India located in Jamshedpur - Ssi Finance Branch, Purbi Singhbhum, Jharkhand, is provided a unique IFSC like UBIN0550591 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 Purbi Singhbhum.
  • 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 Purbi Singhbhum and Jamshedpur.
  • 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 Jharkhand and the rest of India, the IFSC Code ensures that transactions meant for Union Bank Of India in Jamshedpur - Ssi Finance Branch do not get misguided to another person.

Format of the IFSC Code UBIN0550591

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 Jamshedpur - Ssi Finance Branch in Purbi Singhbhum.

For example, the IFSC Code UBIN0550591 of Union Bank Of India for the Jamshedpur - Ssi Finance Branch branch includes these elements, identifying the bank and the branch location in Purbi Singhbhum and Jharkhand correctly.

How to Find IFSC Code for Union Bank Of India?

If you are trying to find the IFSC Code UBIN0550591 of Union Bank Of India for its Jamshedpur - Ssi Finance Branch branch located in Purbi Singhbhum, 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

Most banks, including Union Bank Of India branches in Purbi Singhbhum and Jamshedpur, print the IFSC and MICR codes 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 Jamshedpur - Ssi Finance Branch or Purbi Singhbhum to get the exact IFSC Code UBIN0550591.

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 Purbi Singhbhum, you'll get the correct details.

How to Use IFSC Code UBIN0550591 for Online Transfers?

If you have the IFSC Code UBIN0550591 for the Jamshedpur - Ssi Finance Branch branch of Union Bank Of India in Purbi Singhbhum, you can easily go ahead with fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UBIN0550591. 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 UBIN0550591.

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 Jamshedpur - Ssi Finance Branch in Purbi Singhbhum, 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 Jamshedpur - Ssi Finance Branch, 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 Purbi Singhbhum manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Union Bank Of India in Jamshedpur - Ssi Finance Branch, Purbi Singhbhum?

The IFSC Code is UBIN0550591.

Is the IFSC Code UBIN0550591 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 Jamshedpur - Ssi Finance Branch?

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 Jamshedpur - Ssi Finance Branch branch?

The address of the branch is Opp. Ram Mandir, Bistupur, Jamshedpur,Jharkhand,Pin - 831 001. located in Purbi Singhbhum, Jamshedpur, Jharkhand.

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.

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