IFSC Code, MICR Codes for UNION BANK OF INDIA in GUJARAT - RAJKOT - PANELI(MOTI) - MOTI PANELI

UNION BANK OF INDIA RTGS HO Branch in PANELI(MOTI) - Address, IFSC, MICR Code


IFSC Code

UBIN0531499

MICR Code

360026503

Branch

MOTI PANELI

Contact

276735

Address

STATION ROAD POST BOX NO. 1 MOTI PANELI DIST. RAJKOT GUJARAT PIN - 360 480

City

PANELI(MOTI)

District

RAJKOT

State

GUJARAT





What is IFSC Code of UNION BANK OF INDIA situated at MOTI PANELI- RTGS-HO?
IFSC Code of UNION BANK OF INDIA situated at MOTI PANELI - RTGS-HO is

UBIN0531499

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.