IFSC Code, MICR Codes for UNION BANK OF INDIA in CHANDIGARH - RAIPUR - RAIPUR - LILY CHOWK

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


IFSC Code

UBIN0561941

MICR Code

492026010

Branch

LILY CHOWK

Contact

0

Address

HOUSE NO 427 428 LILY CHOWK PURANI BASTI WARD NO 49 RAIPUR 492001

City

RAIPUR

District

RAIPUR

State

CHANDIGARH





What is IFSC Code of UNION BANK OF INDIA situated at LILY CHOWK- RTGS-HO?
IFSC Code of UNION BANK OF INDIA situated at LILY CHOWK - RTGS-HO is

UBIN0561941

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.