IFSC Code, MICR Codes for UNION BANK OF INDIA in MADHYA PRADESH - NARSINGHPUR - KARELI - KARELI

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


IFSC Code

UBIN0544787

MICR Code

487026503

Branch

KARELI

Contact

270122

Address

JAIN MANDIR BUILDING KARELIDIST.NARSINGHPUR MADHYA PRADESH PIN - 487 221.

City

KARELI

District

NARSINGHPUR

State

MADHYA PRADESH





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

UBIN0544787

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.