[ecis2016.org] The IFSC and MICR codes are listed here for Union Bank Of India’s Katya Lahang branch in Ghazipur, Uttar Pradesh.
Union Bank Of India, Ghazipur, Uttar Pradesh IFSC Code
The IFSC and MICR codes are listed here for Union Bank Of India’s Katya Lahang branch in Ghazipur, Uttar Pradesh. Find out the most up to date address and phone number for Union Bank Of India in Katya Lahang.
You are reading: Union Bank of India Ghazipur IFSC code
| Bank Name: | UNION BANK OF INDIA |
| IFSC Code: | UBIN0530433 |
| MICR Code: | NA |
| Branch Code: | 530433 (Last Six Characters of IFSC Code) |
| Branch Name: | Ghazipur Main |
| City: | Ghazipur |
| District: | Ghazipur |
| State: | Uttar Pradesh |
| Address: | Lal Darwaja, Ghazipur, Sadar,dist. Ghazipur, Uttar Pradesh, Pin – 233 001. |
| Phone No: | 2220356 |
Branches of Union bank of India nearby
- Degree College
- Ghazipur – Pbs
- Gahmar Pakritar
- Fi Birpur
- Buzurga
[ecis2016.org] How to apply for ATM machine installation
Where can you find MICR Code?
- The MICR code is located on the back of a cheque leaf and in a bank passbook.
- Additionally, you may locate the MICR code on the bank’s website.
What’s an IFSC code?
Read also : Stamp duty and registration laws for rentals in Maharashtra
A short form of the Indian Financial System Code, IFSC is a unique identifier for each bank branch. The Reserve Bank of India (RBI) assigns it to every bank and branch in the nation. A valid IFSC Code is required for any bank-to-bank transfer.
Where can you find IFSC code?
- The IFSC code may be found on the bank’s cheque leaf and passbook.
- The Reserve Bank of India’s website lists banks and their corresponding IFSC codes.
- Additionally, the IFSC code for a certain bank may be discovered on the bank’s official website.
Why is IFSC code required?
Previously, transferring funds was done conventionally. For example, you would have needed to go to the bank branch, complete the paperwork, and deposit the money into the payee’s account to get the payment done. With the widespread use of the internet, money may be sent in seconds.
To execute a transaction online, the IFS Code must be entered to ensure that funds are sent to the correct account. By delivering or routing signals to the individual branches of a certain bank, the IFSC facilitates electronic money transfer operations. Additionally, money transfer systems employ the IFSC to identify both branches engaged in a transfer operation.
IFSC code format
The 11-character IFSC code is designed so that the very first four characters reflect the bank’s name, and the final six characters identify the bank’s branch. The fifth character is often 0 (zero), which is kept for future use. The IFSC is formatted as follows:
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| Bank Code | 0 | Branch Code | ||||||||
Benefits of IFSC code
Facilitates financial transactions
To transfer the money, you would not have to visit your bank or wait in massive lines. Transactions may be completed internationally and in a few simple steps owing to the IFSC Code.
Streamlines fund transfer process
Read also : Problems people face while transferring home loans
Money transmission is now possible in a couple of minutes. Online banking enables you to conduct financial transactions from the convenience of your own home. It’s quite convenient, particularly when you need to transfer money quickly.
Prevents possible frauds
Each bank and its branches are assigned a unique IFS code, which adds another degree of protection to your transactions. Each transaction is assigned a beginning and finishing point by this code. As a result, it streamlines money tracking.
Ease of fund transfer
You may quickly access your net banking account from any location, at any time.
Makes internet banking possible
Whether you’re paying a bill, placing an order, or recharging your phone, moving payments online is made feasible by the IFSC code.
Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org
Source: https://ecis2016.org
Category: Must Knows
