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 Nagod branch in Satna, Nagod, 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 Satna or anywhere in Madhya Pradesh can transfer funds instantly by using the correct IFSC Code UBIN0568295. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Union Bank Of India, Nagod, Satna

The table below shows the main details of the IFSC Code UBIN0568295 for the Union Bank Of India branch in Satna, which falls under the Nagod district in Madhya Pradesh.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0568295
Branch Nagod
City Satna
District Nagod
State Madhya Pradesh
Address Satna Panna Road Nagod Nagod Madhya Pradesh Pincode-485446

These details are important not only for users using online banking but also for businesses and individuals who use Union Bank Of India in Satna for everyday financial transactions. If you are depositing money, sending payments, or managing any commercial transfers, the IFSC Code UBIN0568295 for the Nagod branch of Union Bank Of India is vital.

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 Nagod, Satna, Madhya Pradesh, is provided a unique IFSC like UBIN0568295 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 Satna.
  • 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 Satna and Nagod.
  • 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 Nagod do not get misguided to another person.

Format of the IFSC Code UBIN0568295

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): These represent the bank code. In Union Bank Of India, they are a short identifier for the bank.
  • 5th character (0): This is always zero and is reserved for future use.
  • Last 6 characters (CCCCCC): These are what represent the specific branch code which is assigned to branches like Nagod in Satna.

For example, the IFSC Code UBIN0568295 of Union Bank Of India for the Nagod branch has these elements, identifying the bank and the branch location in Satna and Madhya Pradesh correctly.

How to Find IFSC Code for Union Bank Of India?

If you are looking for the IFSC Code UBIN0568295 of Union Bank Of India for its Nagod branch located in Satna, 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 Satna and Nagod, 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 Nagod or Satna to get the exact IFSC Code UBIN0568295.

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 Satna, then it will provide you proper information.

How to Use IFSC Code UBIN0568295 for Online Transfers?

Once you have the IFSC Code UBIN0568295 for the Nagod branch of Union Bank Of India in Satna, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UBIN0568295. 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 UBIN0568295.

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 Nagod in Satna, 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 Nagod, 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 Satna 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 Nagod Satna?

The IFSC Code of the Nagod Satna branch is UBIN0568295.

Is IFSC Code UBIN0568295 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 Nagod branch?

The branch is located at Satna Panna Road Nagod Nagod Madhya Pradesh Pincode-485446.

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.