IFSC Code, MICR Codes for UNION BANK OF INDIA in KERALA - KOTTAYAM - PALAI - PALAI

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


IFSC Code

UBIN0555614

MICR Code

686026302

Branch

PALAI

Contact

2200288

Address

MOONS BUILDING OPP. MINI CIVIL STATIONPALA DIST.KOTTAYAMKERALA

City

PALAI

District

KOTTAYAM

State

KERALA





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

UBIN0555614

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.