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 Waraseoni branch in Waraseoni, Waraseoni, Madhya 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 Waraseoni or anywhere in Madhya Pradesh can easily transfer funds instantly by using the correct IFSC Code UBIN0565245. 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, Waraseoni, Waraseoni

The table below shows the main details of the IFSC Code UBIN0565245 for the Union Bank Of India branch in Waraseoni, which falls under the Waraseoni district in Madhya Pradesh.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0565245
Branch Waraseoni
City Waraseoni
District Waraseoni
State Madhya Pradesh
Address Ward No 8 Katangi Road City - Waraseoni Distt.Waraseoni Pin-431881 Madhya Pradesh

These details help users in online banking and for businesses and individuals who use Union Bank Of India in Waraseoni for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0565245 for the Waraseoni 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, including Union Bank Of India located in Waraseoni, Waraseoni, Madhya Pradesh, is provided with a unique IFSC like UBIN0565245 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It uniquely identifies the Union Bank Of India branch in Waraseoni.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any errors or confusions between multiple branches of the same bank across different places like Waraseoni and Waraseoni.
  • It reduces errors in fund transfers and improves accuracy.
  • It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Madhya Pradesh and the rest of India and the IFSC Code ensures that transactions meant for Union Bank Of India in Waraseoni do not get mixed with another location.

Format of the IFSC Code UBIN0565245

This is the format of the IFSC Code for banks, including Union Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the explanation:

  • First 4 characters (AAAA): This is the bank code. For Union Bank Of India, these characters are the bank's short identifier.
  • 5th character (0): This stays zero till there is any future use.
  • Last 6 characters (CCCCCC): These are specific branch code assigned to branches such as Waraseoni in Waraseoni.

For example, the IFSC Code UBIN0565245 of Union Bank Of India for the Waraseoni branch includes these elements, identifying the bank and the branch location in Waraseoni and Madhya Pradesh accurately.

How to Find IFSC Code for Union Bank Of India?

If you are looking for the IFSC Code UBIN0565245 of Union Bank Of India for its Waraseoni branch located in Waraseoni, 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 Waraseoni and Waraseoni, 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 Waraseoni or Waraseoni to get the exact IFSC Code UBIN0565245.

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 Waraseoni, then it will provide you proper information.

How to Use IFSC Code UBIN0565245 for Online Transfers?

Once you have the IFSC Code UBIN0565245 for the Waraseoni branch of Union Bank Of India in Waraseoni, you can initiate your fund transfers using any digital method:

NEFT

Add the beneficiary's name, account number, and IFSC Code UBIN0565245. The transfer is completed in batches instead of instantly. It is useful for both 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 UBIN0565245.

No matter which payment method you use, the IFSC Code must be correct. If you enter the wrong IFSC Code for the Union Bank Of India Waraseoni in Waraseoni, your payment can get delayed or might not go through at all.

Finding the MICR Code

MICR codes are used for cheque clearance and are very different from IFSC codes. If you are looking for the MICR code of Union Bank Of India in Waraseoni, here are some of the ways 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.

Knowing both IFSC and MICR code can help account holders in Waraseoni manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Union Bank Of India Waraseoni Waraseoni?

The IFSC Code of the Waraseoni Waraseoni branch is UBIN0565245.

Is IFSC Code UBIN0565245 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 Waraseoni branch?

The branch is located at Ward No 8 Katangi Road City - Waraseoni Distt.Waraseoni Pin-431881 Madhya 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.