For digital banking and online financial transactions in India, one essential element that makes sure of a seamless and accurate fund transfers is the IFSC Code. If you are sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to route your payment to the right branch. And so, in case you are searching for the IFSC Code of Union Bank Of India for its Kompally branch in Rangareddy, Quthbullapur, Andhra Pradesh, this comprehensive guide will provide you with detailed information.

The banking system in India has changed significantly over the years, and today customers of Union Bank Of India located in Rangareddy or anywhere in Andhra Pradesh can transfer funds instantly by using the correct IFSC Code UBIN0916188. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Union Bank Of India, Kompally, Rangareddy

Here are the main details that are associated with the IFSC Code UBIN0916188 of Union Bank Of India for its branch located in Rangareddy, within the district of Quthbullapur in the state of Andhra Pradesh.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0916188
Branch Kompally
City Rangareddy
District Quthbullapur
State Andhra Pradesh
Address Ground Floor Sy No 161B,Nh 7 Main Road Kompally,Quthbullapur,Ranga Reddy 500014 A P

These details are essential not only for online banking users but also for businesses and individuals who use Union Bank Of India in Rangareddy for day-to-day financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0916188 for the Kompally branch of Union Bank Of India plays 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, along with Union Bank Of India located in Kompally, Rangareddy, Andhra Pradesh, are given a unique IFSC like UBIN0916188 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Rangareddy.
  • 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 Rangareddy and Quthbullapur.
  • 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 Kompally goes to the correct branch. This is important because Union Bank Of India has thousands of branches in Andhra Pradesh and all over India, and the IFSC Code prevents payments from going to the wrong place.

Format of the IFSC Code UBIN0916188

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 Kompally in Rangareddy.

For example, the IFSC Code UBIN0916188 of Union Bank Of India for the Kompally branch includes these elements, identifying the bank and the branch location in Rangareddy and Andhra Pradesh accurately.

How to Find IFSC Code for Union Bank Of India?

If you are trying to find the IFSC Code UBIN0916188 of Union Bank Of India for its Kompally branch located in Rangareddy, 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 Rangareddy and Quthbullapur, 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 Kompally or Rangareddy to get the exact IFSC Code UBIN0916188.

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 Rangareddy, you'll get the correct details.

How to Use IFSC Code UBIN0916188 for Online Transfers?

Once you have the IFSC Code UBIN0916188 for the Kompally branch of Union Bank Of India in Rangareddy, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UBIN0916188. 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 UBIN0916188.

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 Kompally in Rangareddy 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 Kompally, 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 Rangareddy to handle online money transfers and get their cheques cleared smoothly.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Union Bank Of India in Kompally, Rangareddy?

The IFSC Code is UBIN0916188.

Is the IFSC Code UBIN0916188 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Union Bank Of India Kompally?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Kompally branch?

The address of the branch is Ground Floor Sy No 161B,Nh 7 Main Road Kompally,Quthbullapur,Ranga Reddy 500014 A P located in Rangareddy, Quthbullapur, Andhra 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.