Latest details of Ifsc: Ubin0569071
UNION BANK OF INDIA
Branch name : GRAIN MARKET BATHINDA
Contact Information
Address: GRAIN MKT SHOP NO 44 SBJI MNDI GRAIN MKT PUNJAB PINCODE 151001
Contact number: 7696066205
IFSC code can be used for RTGS, IMPS and NEFT transactions
Last six characters of IFSC Code make a Branch code.
IFSC Code
Indian Financial System Code (IFSC) is an 11-character code used for electronic payments through RTGS, NEFT, and IMPS. The code structure:
- • First 4 characters: Bank identifier
- • 5th character: Reserved (0)
- • Last 6 characters: Branch code
MICR Code
MICR (Magnetic Ink Character Recognition) code is printed on cheques to facilitate automated processing. This code helps identify the bank and branch during cheque clearing processes.
These codes are essential for secure and accurate electronic fund transfers within the Indian banking system.
