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 Paud Phata - Pune Pune Branch IFSC/MICR Code Details
Bank Name UNION BANK OF INDIA
Address S.NO.88161138, PLOT NO.12, PUSHPA APT.GUJRAT COLONY, PAUD ROAD, KOTHRUD,PUNE, MAHARASHTRA, PIN - 411 029.
State MAHARASHTRA
District PUNE
Branch PAUD PHATA - PUNE
IFSC Code UBIN0549886
Branch Code 549886 (Last six characters of IFSC code represent Branch code.)
MICR Code 411026018
Contact Phone 0
via https://bankingzone.in/ifsc

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