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 Basaveshwarnagar Bangalore Urban Branch IFSC/MICR Code Details
Bank Name UNION BANK OF INDIA
Address 48,4TH BLOCK, 4TH STAGE, BASAVESHWAR NAGAR, MAIN ROAD, BANGALORE, KARNATAKA-560079
State KARNATAKA
District BANGALORE URBAN
Branch BASAVESHWARNAGAR
IFSC Code UBIN0556483
Branch Code 556483 (Last six characters of IFSC code represent Branch code.)
MICR Code 560026030
Contact Phone 22958272
via https://bankingzone.in/ifsc

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