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 Bangalore - Ifb Bangalore Urban Branch IFSC/MICR Code Details
Bank Name UNION BANK OF INDIA
Address CHANDRAKIRAN, 1ST FLOOR, 10A,KASTURBA ROAD, BANGALORE, KARNATAKA,PIN - 560 001.
State KARNATAKA
District BANGALORE URBAN
Branch BANGALORE - IFB
IFSC Code UBIN0550230
Branch Code 550230 (Last six characters of IFSC code represent Branch code.)
MICR Code 560026015
Contact Phone 0
via https://bankingzone.in/ifsc

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