What is an IFSC code?


Indian Financial System Code (IFSC). It is used for electronic payment applications like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment Service, an interbank electronic instant mobile money transfer service (IMPS), and Centralised Funds Management System (CFMS) developed by Reserve Bank of India (RBI). The code has eleven characters "Alpha Numeric" in nature. First four characters represent bank, fifth character is default "0" left for future use and last six characters represent branch.

What is a MICR code?
MICR Code: Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.

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Union Bank Of India Karol Bagh - New Delhi New Delhi Branch IFSC/MICR Code Details
Bank Name UNION BANK OF INDIA
Address 10184, ARYA SAMAJ ROAD,KAROL BAGH, NEW DELHI,PIN - 110 005.
State DELHI
District NEW DELHI
Branch KAROL BAGH - NEW DELHI
IFSC Code UBIN0530794
Branch Code 530794 (Last six characters of IFSC code represent Branch code.)
MICR Code 110026004
Contact Phone 0
via https://bankingzone.in/ifsc

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