IFSC Code, MICR Codes for UNION BANK OF INDIA in ANDHRA PRADESH - WEST GODAVARI - BHIMAVARAM - BUDHAVARAM MARKET

UNION BANK OF INDIA RTGS HO Branch in BHIMAVARAM - Address, IFSC, MICR Code


IFSC Code

UBIN0560961

MICR Code

NA

Branch

BUDHAVARAM MARKET

Contact

0

Address

16 2 207 BUDHAVARAM MARKET P P ROAD BHIMAVARAM POST

City

BHIMAVARAM

District

WEST GODAVARI

State

ANDHRA PRADESH





What is IFSC Code of UNION BANK OF INDIA situated at BUDHAVARAM MARKET- RTGS-HO?
IFSC Code of UNION BANK OF INDIA situated at BUDHAVARAM MARKET - RTGS-HO is

UBIN0560961

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.