Digital banking and online financial transactions in India uses one essential element that ensures you have a seamless and accurate fund transfers, it is the IFSC Code. No matter, if you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code so that your payment goes to the right branch. And if you are searching for the IFSC Code of Union Bank Of India for its Cbs Goindwal Sahib branch in Taran, Cbs Goindwal Sahib, Punjab, then this guide will give you detailed information.

The banking system has evolved significantly in India, and today the customers of Union Bank Of India located in Taran or anywhere in Punjab can transfer funds instantly by using the correct IFSC Code UBIN0564508. You should definitely 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, Cbs Goindwal Sahib, Taran

Here are the key points that are associated with the IFSC Code UBIN0564508 of Union Bank Of India for its branch located in Taran, within the district of Cbs Goindwal Sahib in the state of Punjab.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0564508
Branch Cbs Goindwal Sahib
City Taran
District Cbs Goindwal Sahib
State Punjab
Address Adjoing Mandir Wali Gali,Main Bazar,Gurdwara , Baoli Sahib Road,Goindwal Sahib, Pin Code - 143401 ,Distt - Taran

These details help users in online banking and for businesses and individuals who use Union Bank Of India in Taran for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0564508 for the Cbs Goindwal Sahib 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 Cbs Goindwal Sahib, Taran, Punjab, are allotted a unique IFSC like UBIN0564508 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Taran.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Taran and Cbs Goindwal Sahib.
  • 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 Cbs Goindwal Sahib reaches the right place, even though there are thousands of branches in Punjab and across India.

Format of the IFSC Code UBIN0564508

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 Cbs Goindwal Sahib in Taran.

For example, the IFSC Code UBIN0564508 of Union Bank Of India for the Cbs Goindwal Sahib branch includes these elements, identifying the bank and the branch location in Taran and Punjab accurately.

How to Find IFSC Code for Union Bank Of India?

If you are trying to find the IFSC Code UBIN0564508 of Union Bank Of India for its Cbs Goindwal Sahib branch located in Taran, 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

You can easily find the IFSC and MICR codes because most banks, including Union Bank Of India branches in Taran and Cbs Goindwal Sahib, print them 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 Cbs Goindwal Sahib or Taran to get the exact IFSC Code UBIN0564508.

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 Taran, you'll get the correct details.

How to Use IFSC Code UBIN0564508 for Online Transfers?

Once you have the IFSC Code UBIN0564508 for the Cbs Goindwal Sahib branch of Union Bank Of India in Taran, you can start with your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UBIN0564508. 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 UBIN0564508.

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 Cbs Goindwal Sahib in Taran, 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 Cbs Goindwal Sahib, 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 Taran 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 Cbs Goindwal Sahib Taran?

The IFSC Code of the Cbs Goindwal Sahib Taran branch is UBIN0564508.

Is IFSC Code UBIN0564508 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 Cbs Goindwal Sahib branch?

The branch is located at Adjoing Mandir Wali Gali,Main Bazar,Gurdwara , Baoli Sahib Road,Goindwal Sahib, Pin Code - 143401 ,Distt - Taran.

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.