IFSC Code, MICR Codes for UNION BANK OF INDIA in TAMIL NADU - CHENNAI - CHENNAI - CTI GUINDY

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


IFSC Code

UBIN0557048

MICR Code

600026040

Branch

CTI GUINDY

Contact

22501212

Address

CTI CAMPUSCTI GUINDY CHENNAITAMIL NADU 600032

City

CHENNAI

District

CHENNAI

State

TAMIL NADU





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

UBIN0557048

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.