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 Sai Ijara branch in Yeotmal, Sai Ijara, Maharashtra, 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 Yeotmal or anywhere in Maharashtra can transfer funds instantly by using the correct IFSC Code UBIN0579572. Knowing how the IFSC Code works can help you stay informed and avoid transfer errors.

Details of IFSC Code for Union Bank Of India, Sai Ijara, Yeotmal

Here are the key points that are associated with the IFSC Code UBIN0579572 of Union Bank Of India for its branch located in Yeotmal, within the district of Sai Ijara in the state of Maharashtra.

Particulars Details
Bank Union Bank Of India
IFSC Code UBIN0579572
Branch Sai Ijara
City Yeotmal
District Sai Ijara
State Maharashtra
Address Rajiv Gandhi Bhavan Near Jyotibaba Mandir Village Sai Ijara Po Kali Daulat Khan Mahagaon

These details are crucial, not just for online banking users but also for businesses and individuals who use Union Bank Of India in Yeotmal for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code UBIN0579572 for the Sai Ijara branch of Union Bank Of India has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code that is provided by the Reserve Bank of India. A unique IFSC like UBIN0579572 is given to every bank branch, including Union Bank Of India located in Sai Ijara, Yeotmal, Maharashtra, to make sure that online payments reach the right place.

The IFSC Code is important because:

  • It uniquely identifies the Union Bank Of India branch in Yeotmal.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It avoids any kind of confusion between multiple branches of the same bank across different places like Yeotmal and Sai Ijara.
  • It removes errors in fund transfers and improves accuracy.
  • It lets the sender banks validate and confirm branch details before they process the payments.

There are thousands of branches across Maharashtra and the rest of India, which is why the IFSC Code ensures that transactions meant for Union Bank Of India in Sai Ijara doesn't end up at another location.

Format of the IFSC Code UBIN0579572

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 Sai Ijara in Yeotmal.

For example, the IFSC Code UBIN0579572 of Union Bank Of India for the Sai Ijara branch includes these elements, identifying the bank and the branch location in Yeotmal and Maharashtra accurately.

How to Find IFSC Code for Union Bank Of India?

To find the IFSC Code UBIN0579572 of Union Bank Of India for its Sai Ijara branch located in Yeotmal, the following methods can help you out:

Cheque Book

The cheque book issued by Union Bank Of India includes the IFSC Code printed on each cheque leaf. You can easily spot the code on the top section.

Passbook

Most banks, including Union Bank Of India branches in Yeotmal and Sai Ijara, 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 go to the branch locator section. Then search for Sai Ijara or Yeotmal to find the exact IFSC Code UBIN0579572.

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 maintains an updated database of all IFSC codes. Searching for Union Bank Of India and Yeotmal will provide accurate information.

How to Use IFSC Code UBIN0579572 for Online Transfers?

Once you have the IFSC Code UBIN0579572 for the Sai Ijara branch of Union Bank Of India in Yeotmal, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code UBIN0579572. 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 UBIN0579572.

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 Sai Ijara in Yeotmal may result in delayed or failed transactions.

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 Sai Ijara, 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 Yeotmal manage their online transfers and cheque clearances easily.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Union Bank Of India in Sai Ijara, Yeotmal?

The IFSC Code is UBIN0579572.

Is the IFSC Code UBIN0579572 permanent?

Yes, but it can change during merging or restructuring of the bank.

Is MICR the same as IFSC?

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

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

You can find it on your chequebook, passbook, the bank's website, the mobile app, or on the RBI portal.

What is the full address of the Sai Ijara branch?

The address of the branch is Rajiv Gandhi Bhavan Near Jyotibaba Mandir Village Sai Ijara Po Kali Daulat Khan Mahagaon located in Yeotmal, Sai Ijara, Maharashtra.

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.