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 Madhavpur Vadgaon Belgaum Branch IFSC/MICR Code Details
Bank Name UNION BANK OF INDIA
Address 209, BHARATH NAGAR 3RD CROSS ROAD, MAHAVEER SILK FACTORY ROAD BELGAUM , KARNATAKA - 590003
State KARNATAKA
District BELGAUM
Branch MADHAVPUR VADGAON
IFSC Code UBIN0537420
Branch Code 537420 (Last six characters of IFSC code represent Branch code.)
MICR Code 590026008
Contact Phone 463847
via https://bankingzone.in/ifsc

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