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 Market Yard Belgaum Branch IFSC/MICR Code Details
Bank Name UNION BANK OF INDIA
Address A.P.M.C. CANTEEN BUILDING, MARKET YARD,DIST. BELGAUM, KARNATAKA,PIN - 590 010.
State KARNATAKA
District BELGAUM
Branch MARKET YARD
IFSC Code UBIN0537039
Branch Code 537039 (Last six characters of IFSC code represent Branch code.)
MICR Code 590026006
Contact Phone 2477124
via https://bankingzone.in/ifsc

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