IFSC Code, MICR Codes for UNION BANK OF INDIA in GUJARAT - SURAT - PALSANA - PALSANA

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


IFSC Code

UBIN0560502

MICR Code

395026017

Branch

PALSANA

Contact

0

Address

GAYATRI COMPLEXPALSANA CHAR RASTA PALSANA

City

PALSANA

District

SURAT

State

GUJARAT





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

UBIN0560502

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.