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 Raibag Belgaum Branch IFSC/MICR Code Details
Bank Name UNION BANK OF INDIA
Address TPC 1560 NEAR POLICE STATION RAIBAG MAIN ROAD RAIBAG 591317 KARNATAKA
State KARNATAKA
District BELGAUM
Branch RAIBAG
IFSC Code UBIN0557692
Branch Code 557692 (Last six characters of IFSC code represent Branch code.)
MICR Code 591026001
Contact Phone 224576
via https://bankingzone.in/ifsc

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