IFSC Code, MICR Codes for UNION BANK OF INDIA in PUNJAB - JALANDHAR - SHANKAR - SHANKAR

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


IFSC Code

UBIN0530891

MICR Code

NA

Branch

SHANKAR

Contact

245323

Address

BHAI HAZARI JI MANDIR SHANKER DIST. JULLUNDUR PUNJAB PIN - 144 042.

City

SHANKAR

District

JALANDHAR

State

PUNJAB





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

UBIN0530891

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.