IFSC Code, MICR Codes for UNION BANK OF INDIA in KARNATAKA - BELGAUM - KUMTA - KUMTA

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


IFSC Code

UBIN0561916

MICR Code

581026652

Branch

KUMTA

Contact

0

Address

KUMTA BELGAUM KARNATAKA

City

KUMTA

District

BELGAUM

State

KARNATAKA





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

UBIN0561916

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.