IFSC Code, MICR Codes for UNION BANK OF INDIA in PUNJAB - JALANDHAR - KAPUR - NEW GRAIN MARKET PHA

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


IFSC Code

UBIN0561541

MICR Code

NA

Branch

NEW GRAIN MARKET PHA

Contact

0

Address

25 26 NEW GRAIN MARKET PHAGWARA HOSHIARPUR PHAGWARA KAPURTHALA PUNJAB PIN 144401

City

KAPUR

District

JALANDHAR

State

PUNJAB





What is IFSC Code of UNION BANK OF INDIA situated at NEW GRAIN MARKET PHA- RTGS-HO?
IFSC Code of UNION BANK OF INDIA situated at NEW GRAIN MARKET PHA - RTGS-HO is

UBIN0561541

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.