You need the IFSC code of a bank branch if you want to transfer money from one account to another or if you want buy a mutual fund online or insurance online, you will need the IFSC code. IFSC code stands for Indian Financial System Code.The IFSC code of Union Bank of India starts from UBIN0*******. It is a unique code consisting of 11 characters in all. The first four characters will give you the name of the bank that is Union Bank of Indian while in most case the fifth digit is a zero. The last six digits represent the particular branch of the bank.If you want to do an online transaction through any of the fund transfer services— NEFT (national electronic fund transfer), RTGS (real time gross settlement) or IMPS (immediate payment system), you will need the IFSC code.
Where to find IFSC code? You can get the IFSC code on Paisabazaar.com using the IFSC code locator tool. This tool will help you find an IFSC code of any bank for any branch which is enabled for online transactions. You can also find the IFSC code on the bank’s website. You can also find the IFSC code on the cheque leaf and the passbook.
About Union Bank Of India
The bank was established in November 1919 in Mumbai. The headquarters’ building located in Mumbai was inaugurated by Mahatma Gandhi, the father of the nation. The prudent management of the bank is visible from the fact that it had made uninterrupted profit during all 96 years. The bank operates through 4200+ branches across the country. All the branches of the banks are computerized.