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 Shaapur-Dist Yadgir branch in Yadagiri, Shahapur, Karnataka, 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 Yadagiri or anywhere in Karnataka can transfer funds instantly by using the correct IFSC Code UBIN0571857. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.
Details of IFSC Code for Union Bank Of India, Shaapur-Dist Yadgir, Yadagiri
The table below shows the main details of the IFSC Code UBIN0571857 for the Union Bank Of India branch in Yadagiri, which falls under the Shahapur district in Karnataka.
| Particulars | Details |
|---|---|
| Bank | Union Bank Of India |
| IFSC Code | UBIN0571857 |
| Branch | Shaapur-Dist Yadgir |
| City | Yadagiri |
| District | Shahapur |
| State | Karnataka |
| Address | N No 4 73/72 58 44 B B Road Shahapur Shahapur Karnataka Pincode 585223 |
These details help users in online banking and for businesses and individuals who use Union Bank Of India in Yadagiri for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0571857 for the Shaapur-Dist Yadgir 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 Shaapur-Dist Yadgir, Yadagiri, Karnataka, is provided with a unique IFSC like UBIN0571857 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 Yadagiri.
- 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 Yadagiri and Shahapur.
- 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 Karnataka and the rest of India and the IFSC Code ensures that transactions meant for Union Bank Of India in Shaapur-Dist Yadgir do not get mixed with another location.
Format of the IFSC Code UBIN0571857
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 Shaapur-Dist Yadgir in Yadagiri.
For example, the IFSC Code UBIN0571857 of Union Bank Of India for the Shaapur-Dist Yadgir branch includes these elements, identifying the bank and the branch location in Yadagiri and Karnataka correctly.
How to Find IFSC Code for Union Bank Of India?
If you are trying to find the IFSC Code UBIN0571857 of Union Bank Of India for its Shaapur-Dist Yadgir branch located in Yadagiri, the following methods can help:
Cheque Book
The cheque books that are issued by Union Bank Of India include the IFSC Code which is printed on each cheque and you can easily spot the code on the top section.
Passbook
Most banks, including Union Bank Of India branches in Yadagiri and Shahapur, print the IFSC and MICR codes on the first page of the passbook.
Bank Website
Visit the official website of Union Bank Of India and find the branch locator section. Search for Shaapur-Dist Yadgir or Yadagiri to get the exact IFSC Code UBIN0571857.
Mobile Banking App
If you use Union Bank Of India's mobile app, you can easily check your account details to find your branch's IFSC code.
RBI Website
The Reserve Bank of India maintains an updated database of all IFSC codes to help you in searching for Union Bank Of India and Yadagiri that will provide accurate information.
How to Use IFSC Code UBIN0571857 for Online Transfers?
Once you have the IFSC Code UBIN0571857 for the Shaapur-Dist Yadgir branch of Union Bank Of India in Yadagiri, you can initiate your fund transfers using any digital method:
NEFT
Add beneficiary details including the name, account number, and IFSC Code UBIN0571857. 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 UBIN0571857.
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 Shaapur-Dist Yadgir in Yadagiri may result in delayed or failed transactions.
Finding the MICR Code
MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Union Bank Of India in Shaapur-Dist Yadgir, you can find it by any of the following ways:
- Check the bottom of your cheque leaf.
- Go to the first page of your passbook.
- Visit the official Union Bank Of India website.
- Search the RBI portal.
Having both IFSC and MICR codes helps account holders in Yadagiri manage online transfers as well as cheque clearances with ease.
Frequently Asked Questions (FAQs)
The IFSC Code of the Shaapur-Dist Yadgir Yadagiri branch is UBIN0571857.
Yes, the IFSC Code remains the same unless the bank undergoes a merger or restructuring.
No. IFSC is used for online fund transfers, while MICR is used for cheque processing and clearance.
You can find it on cheque books, passbooks, bank websites, mobile banking apps, and the RBI website.
The branch is located at N No 4 73/72 58 44 B B Road Shahapur Shahapur Karnataka Pincode 585223.
The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.